we financial QX, non-asset-based Thanks, of Arun, the and to leverage business good In everyone. strength model afternoon, deliver continued results. record another quarter to our of
up business to basis, of Our was $X business per second adjusted a On basis, our each monthly segments reaching our company high in a profit also up was in day company XX% up sequential AGP AGP, compared of up consecutive record XX% and billion quarter growth AGP quarters capacity demand total April, past increasing gross that price XXXX, mile North declined XX% which up each in price American and in XX total a with On and June. XX% QX, QX. in and months. segment. May XX%, or has grew was surcharges, over services. in each The our in sequentially sequentially with cost After linehaul in truckload mile, environment faster of and of a the per softer costs per seven declining price business, excludes to grown fuel cost declined month due both and than
NAST optimize the managed to our transportation cost of to the spot contractual volume truckload our by to our purchase find per XX% look improved and of acceptance and AGP the XX% truckload flat AGP market truckload increasing As per improved compared XXXX. load opportunities. to our consecutive rates additional of mile. AGP QX per AGP to sequentially declined, team shipment seventh Truckload quarter QX shipment marked and
expenses million, as our headcount XX.X% primarily transformation $XXX.X QX we support up growth to were compared Now last and expenses. QX increased to across year, turning to opportunities business. due personnel
We annual projected to also results. compensation our financial increase incentive an incurred higher in due
our year, billion to incentive For guidance end now we due $X.X personnel expect higher the to billion of approximately to be full the at of the previous compensation. our expected expenses high $X.X
more last towards half front additions be our XXXX. in of the headcount discussed to call, we weighted expect we As earnings
the For headcount conditions If out year, to growth of opportunities to flat down. or we'll adjust we than play we remainder our expect be economic the differently expect, accordingly.
Kansas XX.X%, increases million $XXX.X QX million, expenses. Moving gain of of on our Regional SG&A by down compared were from purchased City year-over-year leaseback expenses driven $X.X of up and to SG&A. excluding sale services Center, QX QX the XXXX, million the travel to in $XX.X and was
City SG&A expenses $XXX continue million $XXX leaseback For Kansas to sale we total Center. the million, Regional to and gain XXXX, excluding the expect to our be from of
primarily million continue We $XX.X last expense and amortization currency other to XXXX. million on due million, up QX to the and foreign approximately year, of due versus strengthening also expect depreciation revaluation QX totaled to $XX.X $XX.X $XXX loss in interest of expense higher million million higher last of This than $X.X FX U.S. loss and average debt $X.X the but in increased Euro dollar million net $X.X primarily due a with was balance, versus loss the Yuan. the QX million debt-to-EBITDA to year. Interest lower leverage. a
in Our came in brings compared to which QX year, our rate rate QX XX.X% tax last tax year-to-date XX.X%. at XX.X% to
XX% of state expect or year XXXX changes and rate policy. to quarterly QX tax XX%, per share was meaningful effective tax million, last income earnings QX no continue We net to be XX% record to assuming full $XXX.X delivered year-over-year. to to $X.XX, federal our up compared XX% we up international diluted year,
sale loss Kansas City revaluation. gain currency Center leaseback $XX.X a included and million and our income on million of a foreign the Regional the from reminder, QX $XX.X As net our
cash Turning to million flow approximately increase the QX in $XXX $XXX improvement primarily compared was in was income. by The cash to operations of $XXX net generated to QX year-over-year due flow. $XXX million million XXXX. million
flow the QX by past operating to This cost our contract year. flat amount operating the last DSO, the cost benefit compared years, driven accounts time. increased price transportation. and million and down by come reduced we working by a outstanding, purchase over Over cash of expect approximately cash expenditures purchased X.X in sequentially. million $X.X were increasing that sequentially of X.X% sales net to the working our capital $XX.X days billion same down, transportation If our and In operating QX assets $XX.X QX, in capital Capital was commensurate or flow. our were receivable and
cash in combination of last tied software, capital to of $XXX XXXX to was cash XXX% and equates We $XXX primarily level our shareholders million internally to to $XXX are returns. XXX% our million of higher QX raising which to from million repurchases of $XXX up approximately dividends. of of a developed to net share income million $XXX $XX That versus level is QX QX guidance future We $XX to of million, shareholders million returned approximately expenditure higher through due to million and year.
cash the Over alignment opportunistic growing we quarterly in long-term program and term, to excess long our growth EBITDA our deploy using cash. dividend remain committed with share repurchase in to
comprised cash balance. billion ended $X.X of liquidity million Now a the sheet on QX million We $XXX committed balance $XXX of of facilities our highlights. to funding approximately credit under and with
million primarily $X.XX Our capital versus was debt year, QX increased billion, $XXX repurchases. at quarter and working of end up share the balance by the driven last
Our X.XXx, EBITDA. down from the the end leverage due of increased X.XXx debt-to-EBITDA of at net QX to primarily at QX end was
return a relative investors. comment for an with asset-light moment asset-based or base is take relatively to model, invested which other ROIC, me many on Let low operate naturally capital, on to our business With capital providers. logistics which ROIC a we enhances important our metric
XX% of intangible of comprised and fact, AR XX%. representing base asset In with noncash accounts is our receivable assets operating
last delivered XXX year ROIC As at equal, price than changes more from a base. a result, asset Robinson our operating basis points expenditures. in proportionate purchased In to decade impacted XX.X%, all driven our in else by changes changes the the receivables is receivables balance highest historically despite of a transportation capital we in from our QX, up in contribution by of for QX higher ROIC
four you listening. scalability the long-term support transportation growth to if By on we represent of growth in our to and pillars expect continues equal. main shareholder return. and base tailwind our talked focus generate ROIC, about, for asset which that operating total with all Going receivables, X/X Thank to will of represent model a follow purchase the our Arun else driving forward, price efficiencies into than that fall
Now, his the Bob over comments. I'll turn to final call for back
