U.S. by pricing positive impacted costs. increased search the traffic $XXX.X was small Richard. Canada in down significant lower accounts, reflecting taken up actions you, year were the revenue our Thank and quarter our X.X% within quarter, in which web prominent in CPC customer currency. local was X.X% paid Price in last was modest transit revenue year. Fourth most down inflation unmanaged ocean QX of was reaction over to Revenue was X.X% revenue the due throughout softness slightly million, advertising programs. to
the opportunity XXXX. total that annual core has months Our XX% low business. demand our the sales once in well acquisition, as digital accounts product representing our of of more volume XX% of E-commerce were leading brand a as global percentage continued brand in in and year than sales dollars total quarter, performed managed first private to was range order again the and broader Fully remains incorporating the largest well modest Indoff trend our and a this in in industrial ended showed X channel Private in of robust set growth across business. expand XXXX a as percentage further absolute providing XXXX. total sales, the
top year The largely shift start shown to January. in to the a New and arctic ago weather due Sunday shutdowns to attributable Wednesday line holiday of weather-related the XXXX cold a has in a versus Year's volatility,
Our continue down perform well customer largest increasing softness profile. our with accounts we as to move
currently quarter line pacing is in fourth results. with First the revenue quarter
improve. initiatives sentiment are against We believe customer and strategic making continues our progress to
$XXX.X Gross settlement former of in carrier. fourth freight the margin XX.X%, period. for with gross a benefited quarter was the from LTL the onetime line profit Gross margin was year-ago XXXX million. I note with would a in quarter
year-over-year. Excluding benefit, would expanded XX points have basis nearly margin this gross prior year
We gross pleased margin our with benefit. are performance, very adjusting for this
key and and elevated. focus. will Management of impact of Performance freight a remains and costs, area remain competitive as to reflect pricing which the profile of part of actions margin volatile ocean freight our continue strategic promotions our initiatives
inflation and supply diversified positioned better experience of effectively day. through managed to We significantly tariffs we ocean origin needed. believe that as this are of extreme more comes chain pandemic a and to monitoring during We We XXXX trade policy, action are the are to and remaining when volatility take prepared sourcing. today country have closely given it the with freight well we
current cycle trade sourcing The to rapidly. been challenges which agreements subject may unique free for given have relationships with decades, Canada provide and will the shift Mexico,
to have negotiate proactive pass-through we impact currently We flexibility to sourcing through this new have believe to We been pricing of cycle. planning able anticipate the and operational our mitigate and manage very in with partners this cost being tariffs. savings
was from Selling, X.X% distribution an year-ago in and $XX.X administrative period. quarter million, the spending of the increase
reduction initiatives planned the in year, As XXX SG&A increase the control an and in as last from was a driven and a ongoing XX%, was SG&A leverage as well reflected sales of a soft offset variable discretionary of discipline growth planned investment marketing in by significant line digital moderation and of general This marketing, key by sales, performance. inflation. net compensation top partially [indiscernible] costs period. points expense percentage basis CPC negative in with
of levels CPC in as expect first to quarter, primarily elevated the We a remain SG&A inflation. result
We incur first million manage cost to approximately to in $X expect currently severance proactively continue reduction costs to in quarter efforts. the and related our
approximately million $XX.X the Operating flow operating Operating income operations continuing while margin $X.X was to in was and XXXX, amortization million million. total intangible quarter assets million. amortization in was continuing operations of fourth related depreciation capital cash were $XX.X and quarter. expenditures acquisition, X.X%. the quarter, including expense was expenditures associated from $X.X with $X.X million Total from the were million, the in capital $X.X Indoff
We million, maintenance-related reflects within capital million and range to the expect which primarily $X in $X network. distribution our XXXX investments of equipment expenditures
sheet. me balance Let turn to now our
sheet balance current and with have strong liquid ratio We X.X:X. of a a
on XX, debt credit under and we December to fully facility. execute of significant our no excess dividend. of quarterly continue had maintain and flexibility million plan We in fund million $XX.X approximately As $XXX.X strategic availability to our our cash,
Board our year per that result, share we Directors of dividend. of declared dividend tenth increased a stock. the common This a quarterly our marks of As consecutive $X.XX have
U.S. the to in selling both regards to X extra days. and days would when has I item compared XXXX Canada December housekeeping in that One XXXX XXXX. note selling in
We of coming the Historically, weekly very additional sales days given similar modest impact timing at expect the sales from the Year's run performance XX% rate. holiday. these a New weeks of XXXX for
This prepared today. our the please concludes for remarks questions. Operator, call open
