Michael W. Upchurch
and extremely looking Investor Thanks Senior who President members to tell missing our Mary Brian this Galligan Vice Bill Accounting ago. of a weeks President before two and morning our team have the Relations slides two Stadler review bit table retired Vice and around I Officer you I both the and Former Chief strange it's valuable
whatever years. you all for the again KCS beach on a might and better you know contributions today thank made I Mary be and over your place Bill tremendous you So, much
on On start our driven revenue unit of growth. XX. numbers XX% by representing plus a Operating increase improved an with XXX% carload prices. and revenues and over million and Reported $X.XX, XX% point of earnings increase XX% basis growth of improvement of XXXX up XX an slide quarter per despite A strong benefit quarter share fourth growth over to quarter per XX% XQ let's adjusted earnings fourth So XXXX was a XXX tax the basis was ratio overview in share were X% increase X% results, per earnings a the summary core fuel for XXXX. reform. $X.XX, the
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repatriation Second, billion tax which approximately onetime XXX we a earnings to X.X of expect represents cumulative of our foreign incur subsidiaries. million as international
XX liability eight payable over New now period. and existing to an reduce that tax credits million year
you tax earnings. as time repatriation foreign So think on incremental our a might historical of X% this tax one
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begin without be However, from tax into we should to finally period tax a or substantially And more accordingly years. foreign benefit KCS. and to expect territorial more U.S. few we freely substantial countries the taxes system of of a can incurring range where next the moving new incurring more cash the be KCSM to moved to consolidated rate will taxes are move a in cash the over our cash XX% XX%
operating Moving in credit million excise XX, prices primarily to higher by also result $X expense. the fuel tax topic the quarter. tax of as of lower expenses during on a that fuel fuel fourth the contributed driven X% slide $XX we And declining in saw increase million Mexican a excise increased
expense a that foreign increase but experienced higher year-over-year difficult the a fuel our quarter visibility casualty on for barely did maintenance we give derailments expenses on continue tailwinds XX headwinds a expenses growth and million in of from currency And approximately comment we million of another booked details just the carload see XX expenses. in expenses agreements and $X for XXXX to increased headcount we challenging XXXX volumes, higher will and for below casualty recoveries comp. cover other bit in quarter in approximately that expect XX a slides I and we more million a inflation, wage in operating other, gain in will of related quick you on increases various two and million split saw we insurance little million depreciation X causes maybe labor expense to also We insourcing keep and impacts, materials million adds next and of was PTC while fourth M&O. that's We to a $X believe million and comp costs. of
So we for expect million. be the year XXXX depreciation to full expense approximately $XXX
primarily wage headcount. higher to on Moving comp slide X% increased benefits and and expense XX, inflation
in we the operating graphs, demonstrates volume carload fuel $XX XX X% consumption X the per can insourcing to $XX another to to the due prices or our expenses expense. well of gallon. higher up $X.XX costs effort $X our increased increasing of below million primarily our million increases added a see million and reduce On in you went other productivity cost expense, both nice million million and U.S. decline fuel Mexico gallon in growth As and achieved the slide our excluding from per fuel X% overall $X.XX efficiency and FX in team. headcount to in contributed XX% fuel Higher X
allocation We also we tax news credit about we credit million finally which be leading drive industry experienced million. to fuel slide in will business our on for into the continue tax $X be The continue to fourth the our investing currently back XXXX growth. good priorities the to $XX capital railroads focused as excise And quarter. expect excise purchases will XX on and fuel on during expected Mexican lower
million, revenue the ratios. declining mentioned right declining our earlier to and CAPEX and spend million to line fourth CAPEX XXX decline to of of XXX CAPEX consecutive our Jeff As year guidance in expect for we slightly XXXX with XXX our CAPEX was million spending to
terminals line in XX energy of investment a we result petroleum we stimulate as million During also opportunities look reform liquid segment. grow traffic for for our And haul to expect continue in Mexico more Mexico. XXXX you should in our made to will investments business to in
to program buybacks. another shares will shareholder amount business for to the with owned and authorized we XXXX both return As to be are We share average price continue have million we nearing of million equipment own of while grow $XXX XX% to shareholders locomotives a convert of of the X.X the assets I'll stock end of repurchase reasonable an gradually we back the that are dividends into leverage Directors quite of and investment turn the with form continue we August thoughtful new $XXX.XX. repurchase to leased And we of at our And repurchased Board or in both X.X to rolling have balancing call to returns our opportunistic the times, our find Pat. a now in situations needs stock a opportunity. that ratio comfortable levels about Since with. desire capital in
