you, grew share XX.X% continuing quarter X.X% year-over-year year-over-year. Joe. of $X.XX $XXX.X in million Thank grew of Revenues earnings operations and per from the
a percentage. percentage Direct Our of higher higher XX increased gross XX.X% a in the profit points revenues as year-over-year Hire Flex gross profit basis of of a mix quarter result and
Our XX percentage basis points increased year-over-year. Flex profit gross
we While share is increase significant, we're clients, quite our success more revenues seeing at discounts and our spend in attractive. is are the other clients, where client as growing of profile rebates margin having largest from and an not
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margins, to remain prospectively. impacts, levels, to seasonal to expect QX closer subject We
is XX largest No our revenues, well single represent clients diversified. X.X% of portfolio client and total XX.X% Our total represents revenues. of more only than
year year-over-year performance. SG&A points expenses increased compensation full XX as related of a percentage variable of as costs a revenue accruals improved to for increased by basis result
costs, we while achieved been significantly grew. generating make SG&A increasing technology investments. This leverage our leverage our these progress continue revenues to as has also Absent
to operating improve incremental technology investments to to productivity continue while make expect efficiencies and profitability. continuing We to drive improve
track on margin with Our X.X% of margin with operating line operating and objectives. was expectations our in third quarter
points and a gross due business this approximately in have During in declined Hire by our to basis decline a percentage the economic margins cycle, spreads. of XXX Direct Flex our compression
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due quarter effective non-deductibility performance-based which third of to Our compensation tax certain was rate the costs. slightly the was higher-than-expected in XX.X%,
proceeds flows, capital with have third business us the Our from million KGS our to of shareholders. $XX.X the These significant return coupled allowed continues significant of which sale generate $XXX cash cash were cash flows, net operating to in to quarter. million the estimated
Through return of or this the dividends $XXX third for quarter, $XX.X $XX.X year. a million cash of million X.X million to shareholders total paid and repurchased we've shares million
of and proceeds, cash Additional net accomplished million marked share the schedule. the estimated repurchases of of the October which completion full in $XXX was deployment ahead
us profitability The accretion the through from to the divested share from the offset the our lowering derived share efficient impact our count. redeployment from has loss per earnings the allowed proceeds businesses of fully divestitures negative of from to
facility our approximately shareholders. our that Our capital the sheet, our operating with strength acquisitions our and $XXX credit to at The net service cash to balanced flexibility low capital maximum to $XX offerings flows, balance of while clients, end healthy pursue quarter million. was returning provide debt requirements us enhance being strategic million third of the appropriately
to were the revenue. fourth is which There in less as day in the days million quarter equates X than XXXX. quarter, days the $X.X roughly fourth and same billing single A QX billing of XX
earnings $X.XX $XXX million, to per for to QX respect be to in $X.XX. million share of be expect $XXX and to and we the between With guidance, range revenues
between Gross margins and and margins are to XX%. XX.X%, be between to be are XX.X% Flex while XX.X% expected expected
XX% SG&A should as to is expected and and X.X% of revenue operating margins between XX.X%, and X.X%. percentage between be a be
to Weighted are $XX.X approximately diluted outstanding expected million. be shares average
anticipated Our of expected fourth -- effective million quarter. as the $XX.X in tax rate XX.X% rate, tax
our margins Direct impact fixed cost the seasonal and to operating due basis quarter fourth in of impacted reminder, on a the billing are X decline fewer points revenues approximately XX infrastructure. As days by Hire
estimates Additionally, other -- the the share this loss reflected quarters. earnings losses joint $X.XX per impact share in could venture our joint approximately next the related are in statement. included on We approximate share anticipate of quarterly that venture. income to from several costs These approximately of of negative the and income for WorkLLama levels these our losses
XX.X% positively benefits by earnings estimated Our income tax quarter stock XX%. tax expected of approximately to our fourth benefits vesting the the $X.X of effective restricted of per for rate share tax includes in the which of approximately $X.XX on quarter fourth compared normalized rate million,
is our long-term fourth incentive the of impact almost the grants, this Due entirely of year. in adjustment schedules each to the quarter vesting reflected
to costs, law not any regulatory, or if government the firm's costs consider the matters, onetime disruption pending any changes. or does tax on in any charges any, tax or revenues legal future impact related related of effect, guidance Our or legal funding towards charges of the response to
year on to finish impacts Finally, results. seasonality having how on additional information KGS and capital, the our and initial be would helpful XXXX the we as as the related profitability some to quarterly thought affect completed on the perspective that earlier might well deploying it year in divestiture full provide of provide
release included in a table your understanding. press We've illustrative purposes in for our to assist
investor which, the base provide our most up-to-date expectations. quarterly guidance, with information We will will obviously, provide continue and to
technology rates and finance our reflects accounting billing of our for table our year-over-year day X% basis. stable on continuing a expectation grow to or than of be at business better growth revenues to The
targets million. at and provided on we We've the detail operating consistent $XXX $XXX revenues established reached have when of attaining million quarterly X.X% margin previously X.X% with quarterly expectations
points, basis You QX XXX seasonality these due annual the in XX impact impacts tax year. primarily points, basis will this expected resets to the payroll of note to in QX with margins of consistent we
$X Operating each We expect incremental linear approximately towards our fairly million to margin points for a improve expected progression XX operating basis margins revenue. targets. in by are
will million, revenues X.X%, year improvement X% would grow per our earnings noted XX.X%. and of taking performance approximately $XX will X.X% strong margins account count into between share and full of we year that in in and result generate XX.X% The between suggests an reduced share X.X%, between and full this operating of
positioned our improving market excited profitability. and about above-market sustain a to strong growth to prospects We're take of foundation revenue well and rates exceptional advantage while our
Jimmy, call turn we'd questions. the now like for over to
