third webcast. sharpening the Thank of in into Mike. details, as solid mentioned. to today's get We cost to highlights let portfolio from core you, or our you, you. our already Good results good morning on enhanced the strategies financial to continuous I growth, with and Benefiting share management, before call and drive some everyone me Mike's quarter, delivered organic else evening returns.
year. increase last $XX compared Adjusted XX% the million. EBITDA third to was an million, for quarter $XXX of That's or
record EBITDA adjusted We to has for and trailing our XX delivered million. EBITDA increases XX-month adjusted year-over-year consecutive have now $X.X a increased in quarters,
the down earnings strong, principally average in as decline revenue was quarter third our in our $X.XX, volumes share Adjusted of in year. of for an $X.X decrease lastly, This by driven the quarter. operating last year-over-year XX% quarter per well cash Marine third And the to That's revenue million. by quarter $XX remains XX% a during segment XXXX. XX% compared fuel third the year-over-year the sheet of increase prices. million decline was flow balance aided Consolidated as was compared to of for quarter the in
quarter in Marine metric principally tons, X% recent tons, year-over-year X% is Volume X% to was related XXX,XXX an our of third volume Our was increase tons but sequentially. third market quarter down in volume million volatility. The gallons of to third and increased year, Aviation the in the last driven segment or X.X by the which for Asia, X.X increase billion quarter, sequential up demand XXX,XXX sequentially. segment compared
Our X approximately year-over-year was million third flat gallon equivalents, That's during effectively for X.XX or up an gallons, the Land or sequentially. X% gallons, billion flat the segment volume equivalents. Total increase was but gallon quarter. volume consolidated sequentially. or third of X% XXX quarter That's billion but gallons, year-over-year
in exclude These represent non-operational third items as non-operational acquisition-related restructuring that note costs. earnings items figures the the Please impact as following in our well and release. pretax principally quarter as previously items reported highlighted in the non-operational of periods
non-operational can reconciling be published assist our To published and of earnings To on our results today's on the all webcast breakdown these slide non-operational found release, assist last our all of results on reconciling the release, you in on slide earnings can these website and website today's our of presentation. on found on webcast of in the presentation. you breakdown items be of the last of items
for million, to XX% Consolidated the compared quarter or quarter increase $XX XXXX. third of million, an profit gross the was of $XXX third
operations $XX profit Aviation our million, well segment of of the third in in the result the increase of Business million $XXX and aviation Afghanistan, Our strength increase XXXX. as quarter an in gross profit increased core third our of profitability to government-related Year-over-year, was continued in or from gross as the contributed Aviation activities. XX% compared Commercial principally quarter,
which in UVair to traditional working acquisition, are we the towards quarter, August, the is seasonally ahead the diligently the XXXX. fourth expect early third closing Looking close we which now in we to strong from decline quarter. expected Also, announced
part segment profit additional quarter million. XX% well business increase profitability also increase, XXXX. resulted in continued since during principally effect upcoming in to in It resulting the from to $XX which quarter. low in quarterly that our the disruptions contributed first the as quarter in possible Asia, Marine of core advance That's The third representing quarter. generated into gross sulfur drone year-over-year disruption fuel profit Asia such shortages, of drove supply highest regulations increase. IMO of oil to XXXX increased the year-over-year third timing Singapore significant driven created resale Saudi high in of gross of the The of and marine of $XX activity volumes the the strikes going exports was latter as the million, sulfur in Arabia, by is which a This strength or the
the Similar during to prior seasonal years, Marine also third benefited from quarter. activity
profitability into As in over already also we decline XXXX, for high the not fourth fuel down prices the reached market resulting seasonal quarter. sulfur in leading will conditions in the sequential and normalize, oil impact believe the The disruption of September. fourth levels from the has with the recent in of benefit see will oil expected declined realized Asia in high of fuel the demand summer, significantly activity the supply sulfur quarter
deadline we Marine towards market leads further However, for volatility the could enter the if additional the to IMO upcoming of into as opportunities XXXX. approach end year, year profitability new provide this and the and XXXX
XX% an delivered compared government-related up year-over-year. year-over-year the from million growth $XX Service the activity resulted When increase or third profit gross principal segment $XX and Land our further in increase of million, business. of the Our Multi industrial commercial That's in and drivers in quarter. to XX% year, and last
the million Multi in of That's in or $X was growing the quarter. Service, Speaking compared Service $XX to model. last of profit million, increase the reflecting third business quarter year, of continued Multi of XX% gross Multi Service the an third strength
sequential U.K. business the quarter, fourth ahead Looking to we our activities. in and improvement Kinect seasonal expect
items, the third compared last $XX in year. third Operating of That's were to an expenses excluding million. bad of non-operational expense debt quarter $XXX and quarter, increase the million
during range the to variable Our operating-expense on with ratio year costs improvement call, XXXX. XXX our to last provided goal the in meet of associated remain relating on our quarter. for the expenses a track improved Nevertheless, of principally quarter's basis-point performance exceeded year-over-year full we
expense similar sequentially expenses, fourth quarter, we any in the million driven to bad level second principally third Europe of items, We elevated did operating airline an incurred expect decline the during the non-operational quarter. of debt by experience quarter. and in to million, to in debt level excluding the range bankruptcy a $XXX of expenses well-publicized $XXX one to the In bad quarter,
be believe portfolio we customer overall default, negatively remains impacted we unforeseen occasionally an While by our will quite strong. receivables
from XX% million in the represents as XXth or I $XX quarter the Adjusted third mentioned up Again, year-over-year third EBITDA. in EBITDA $XXX million, this of earlier. XXXX, was consecutive of quarter quarter, improvement the
the trailing was result for of record the XX-month million quarter, another at EBITDA $XXX our Additionally, end adjusted third us.
Adjusted $XX or operations the XX% million, million, year-over-year. quarter third was for from up $XX income
the of generally remain will XXXX. flat Third million, in of to $XX third quarter fourth interest $X interest I an increase expense million the assume was quarter. expense quarter compared would
the third and in the of guidance effective reported certain tax in last than due the provided during third the That's last lower XX%. adjusted year down quarter. quarter quarter benefits XX% rate was Our tax quarter from to discreet somewhat
tax make effective we'll be to We tax able are to to range be fourth of in the $X our our reduce have while third to income was increase an confidence our net of and of the in expect progress Adjusted that when rate, compared XXXX. quarter tax XX% we million, in improving million, beginning for increased effective we or rate the XX% rate to third $XX quarter, XXXX. the below towards to quarter XX% or XX%
balance the sheet. to On
resulted EBITDA our has The improve in significant cash reduction profitability flow the third net principally debt reducing of accounts of receivable helped of XX quarter Operating million prices ratio the combined increase position. increase That's balance compared return when net to sequentially flow XXXX, further $XXX of that This to end X.XX, from our with $XXX million which in cash X.XX XXXX. generated in effectively resulted billion quarter. to the has capital. quarter by to at adjusted period. in flat the months decrease of and total our to has also over of down our a sheet over was was last on the a third decline fuel Our $X.X debt further related in in balance operating a the invested
improving trailing the trailing XX-month barely has business, improvements X%, since low-return the improved XXXX. EBITDA, our a we efficiencies XXXX, our of end representing closing, quarter performance have return in $XXX capital This accomplishment for results such million reaching realized exiting strongest which delivered to XX-month increased utilization been activities. and In to at great invested us, significantly from on $XXX million by our in was by of fourth capital business also cost has
core take have For more remain Great greater quarter, next our liquidity on growth our exceeded our organically on we the do business portfolio, capital we level. our in return remain return focused represents XX%, leverage on strategic August. heavy like focused our and our investment our strong the sharpening strongest on to invested remain position, to identifying which and to We but announced with we transaction opportunities lifting business, business, since accomplishments, operating quarterly focused generating in driving in XXXX. the UVair
Our all our to and like the of entire would are to committed drive the team shareholders. to for worldwide back over I more forward, business all fulfilling our operator value now the increasing contributions and to professionals of initiate continuing making to call Q&A session. our turn rewarding
