to business Brooks, has we our they today's an COVID-XX good the priorities. will have last unexpected you, our the moments team as business overview progress the taken market. the work making execute and few Thank also everyone. by take I'll the navigate introduced that strategic operations against which actions discuss call and of months we're I and we foundation to key the a reinforced providing this morning, global the X is our critical begin improve challenges to the over company, as of to has pandemic how aggressive
safety it's on the contributed I have effort focused to that We've over our and always but at today. and never more weeks. been First, Daseke, significant acknowledge so than intently employees the think contractors few work last hard important
to our We has are has The people, that safely our team their dedication everyone our to customers for outstanding. and to serve and up family following Daseke stepped want keep protected. on CDC work. the and been are thank our ensure extended local way customers moving guidelines I business communities and hard government our
earnings Now the Starting in we on on Daseke's our changed as since later Much talked joining his that the call. introduce I'll month last moving late in today's March. announced we was welcomed a formally time fourth new to our the Officer. Chief We good Jason X. to with Financial have critical beginning Slide news. short Jason has quarter Bates you in company business call early But the in X spent step years trucking sophisticated Jason truckers in of includes helping transportation experience This serving February most executive appointment some brings drive both the the in of and improvements. in team the and He largest operational has my of our than year. process financial XX more and last industry. companies with market. refreshing executive after leadership roles in of CEO decades our public this to
will continue our transform and returns. lean and improve our on expertise financial to business We as Jason's we industry
saw have made press we our the Aveda divest release business. energy strategically Next, as services decision and you today, in our to transportation
I investors situation important reaction with on the or the a our impact are significant are for a not actions Aveda the taking oil understand gas to and and think COVID-XX we it's industry. analysts knee-jerk that today to
in several our studying segment. own. operating months actions the specialized to Aveda's within We the the performance operational align implementation have process improve spent and specifically better cost its to of consolidated our relation Aveda last our several business, This footprint with included structure
in after review, end our within to recent is and specialized business further perspective, not strategic fit a significantly good streamline that believe do portfolio. long-term gas market, reduce we our careful segment exposure consolidated will However, and our results the the a headwinds will has quarters. this to our oil presented From Aveda which
as the classified held our Our process. financial be concluded until assets on of ownership sale will remaining statements business the we've for
of the Now we I'd like our insight provide to to take see a it as state business today. some moment into
As awareness, spaces acted our do the proactive contractors many the safety a COVID-XX business. of which the we measures and to epidemic and became in employees, took number physical of a part fast ensure of public we
year. help of but was our COVID-related proactive interruptions meaningful actions many to as intended insulate the continued quarter workers the our business expected, we well effect The the some freight preserve of held volumes face from both and through to health environment first rate challenges customers, our XX our for to our up While the the weeks operations. first
volumes slow However, into have additional volumes to April we across continued end markets, but see the March towards April. week This appear markets. during and third spread certain weeks of end began some into plateaued of few the last to
all in to are declines performance second we we our demand experiencing Although markets, quarter. COVID-related-XX expect not across impact weaker the volume
last over quarters helped are we business. place and The operational fortify this for have put the Fortunately, few prepared we initiatives our improvement in environment. new cost
have cash starts And country it Our to actions a than have guidance far generate full That economic future withdrawing more returns until and business are said, collectively landscape. remains somewhat get year model challenged our the today visibility of we months resilient just to X thus, our back work. our have our helped until ago. us clear was we made picture solid
uncertain hand times, revolving end disposal, of $XXX.X by encouraged cash these of quarter, million During balance undrawn the our $XXX.X of we over ample our capacity $XX.X improved at the on we're of of comprised credit million At liquidity million and on agreement. available and our had liquidity sheet.
the on XX% hand business in increase year-over-year. generative, our decline XX% net cash and flow highly As been debt model historically I which our in ago, a the mentioned cash has our evidenced moment by is levels over
XXXX. put maturities no near-term headwinds, but, given exit a on This to should our have does We standing, debt as liquidity business balance significant position crisis. our sheet ample enable not and stability leadership to not the our mature the market term until us will be we loan only near-term as offensive weather in the
navigate like Slide architecture a provide we of moment which to to as of will and the X. our spend Moving through you stability walking period resiliency I'd model, uncertainty. we this business believe
highly flatbed America, fragmented holding largest the North and a leading in carrier in position a are specialized niche we market. First,
time, times trusted multiple today, our conducted becomes customers. customer each for Second, the have the we've forecast to paramount. with customers roughly cycles. and In Many multiple economic XX% relationships where manage our other of directly ability like business in our decades collectively of and are through landscape is helped directly us real market shifting
with driver and highly a While industries, earnings set serve single we results. our no individual large on exposure our be industry of a the focused of diverse enough business is subsectors industrial pocket of marketplace, to
strategic note been infrastructure. deemed exposure In their and Further, the the and will fact, we of essential cargo Aveda divestment gas most is Daseke's the vital customers equipment through we customers roughly many top our the to business, on important we revenue of industries often represent significantly national the of for have our move sector. X/X reduce is our it our parts XX serve to oil combined that Also eventual of average. economic
But on certain mask As we in Last we've XX% and with earnings our initiatives. quarters, XXXX. some excellence have market been operational work our the was and both pointed contribution results of gas revenue. earnings early year, since done oil profitability have down and total our have trending market less that, recent of than represented EBITDA challenges and great this far weighed roughly in its out
is exposure Aveda's adjusted total defensible sequentially in customer and commercial the million our been straight fact, leadership stability resilient. of and quarters over and the strength the quality market market X our than in, aggregate immediately Once X% be that we In revenues has will our All our the future months. to than EBITDA less given side of divested down business our earnings. and will Aveda, $X X base, have position the diversity and successfully less improve last of and was of
of positioning business complements commercial side corporate and the What structure of is flexible Moving our business our to page. the right model. strong on hand our the
balanced environment a an when business is we structure. serve and industrial of position, hedge advantages structure on within believe as time manage leadership variable position of even changes asset our landscape this volumes. navigating variable will a is Further, cost broader is and period Ultimately, exposure uncertain. we our to model and allow is in will the offers competitive largely a Daseke a market current asset-light between services. Our exit in industry through strength. the business non-asset of natural brokerage Roughly our market as asset, uncertain the a size, future more XX% This diverse any cost at demand to strong
of some we'll forecast. was our was snapshot with X, Slide rate our for consistent which pressure $XXX to first provide Turning the reflecting million, performance the Revenue a quarter prior for continued quarter.
market profitable strong and in in XX% This driving Despite quarter, in process to certain that display demonstrates drop the capture business the portfolio. through become shed across the we value efficiencies have was $X continued our quarter actually that more actions our of the headwinds the and revenues cash revenues. our primarily EBITDA million, driving tool synergistic trailing is Our our flow was can basis. the the and sustaining model It faced end offset continued on an is cash million year's income deleveraging a taken important XXX.X% sheet for generation, $XX XX-month free a by over $XXX solid key million driven improved excluding cash adjusted evidenced strategic flow objective, delivering decline Deleveraging quarter quarter of operating clear oil the was our last impairment, the and This on year-over-year fact XX.X% ratio versus quarters the helping and Consolidated in are the roughly market. last weakness. year-over-year, adjusted down first by further quarter, operating results, first despite million actually or broader with gas basis. that which over weakness performance efforts. the the remains and $XX this flow by an balance is our our performance in X our
net decreased million by year-over-year. Our debt over $XX
to have prioritize targets. leverage long-term we aligned We more our will levels debt with until continue reduction
Our credit closely leverage is defined by agreements where in line we X.Xx, with started the year. our with
to plans companies. improvement our have in right-sizing of I more strongest On operational improvement To and moment completion board a call benefits some business and further integrations, of we cost portfolio completed effort business our the and operational Slide some want team turning conducted a our improvement take scale. into and cost turn directors. provide most over leadership and of that, entire footprint marked underlying drive The and of Phase corporate efforts institute Before ones, performance efforts. in our the driven for successful established also brief of the progress business I merging X a helping business Please of operating fix a of struggling realignment quarter of our operators we to recap, capture on to top our underlying income. across issues In plan. a office million $XX first total, X. end of an to John, optimized transformation We to the improvement these executive our collection of larger
operating Phase significantly. our our to we X the The March. new move which on executing we they focused more pillars plan, of II cross As integrations plan X, include our Phase was and launched platform are we're Phase optimization plans. similar to business central business an to in deliver have forward, than X of million less When companies year-end. Through of additional track streamlining year, XX we $XX income reducing improvement our and operating complete, in X from II, are business complexity reduced on will by and
I growth While the will John With our of now our uncertain in top last drive these on plans remain financial critical future. John? over that, and the quarter. line will to profitable call performance measures, long-term impact profitability pressures may more to in they turn help mask us times review Michell these the