Financial second With thank Good our Officer; morning and joining our earnings Operating Bickham, Chief Brian Officer. everyone. me call. Thank quarter for Chief Poff, for you our are you, Brad Drew. And us today XXXX
comments issued some will afternoon. and I then that we discuss usual yesterday quarter second overall results will Brian begin As the
XX-Qs respond to we would XX-K be our our comments XXXX with our to XXXX. happy along filed quarter Yesterday any Following we for second questions. and first
With requirements. are back these compliance in SEC filing filings now we with
as XXX XXXX approximate XX-year are past we reflected expected auditors well not timeframe. another have team the team in this which As the you know an non-cash To former as to both disagreement to our our past and are days the that of $XX completed and results That results our Addus were charge over handle our as a auditors, PwC issue material previously our current the XX-K. at I for thank filings our move focused related has financial Big for to and how million these work PwC firm. which continuing engaged completed on delayed stayed their over to their to to a perform the in was between current us aggregate the and months gotten Four past a individuals while with pandemic XXXX result by Even point. work audited dedicated accounting duties. task this normal re-audit were this few XXXX
Addus had yesterday, solid the quarter XXXX. with As second another of announced you performance financial the saw operating we results in
for for increase quarter the diluted from an of an revenue of XXXX, increase XX.X%. $X.XX $XXX.X in earnings XX.X%. Our to quarter second as XXXX, XXXX compared second of $XXX.X per million for of was increased $X.XX share to second the second of Adjusted quarter quarter million the the
of XXXX, the an was second quarter increase quarter as Our of XX.X%. for of adjusted $XX.X to second for million million $XX.X EBITDA compared the XXXX
margin Our adjusted the for increased XX.X% EBITDA quarter. to
virus. effect million This in segments business. our the During the varying all COVID-XX of we due to revenue of second occurred of three to decrease $X quarter the reduction a degrees of our XXXX, in saw approximately
revenue same-store we calls, previous in phase our progressed through we of as the As we on most discussed pandemic. have to have continue recent the improvement see
X% we as While be certain, say quarter estimate quarter revenues approximately impacted negatively cannot will for compared third X% run to rate. to our we our first
the reported, with quarter we fund cash that XXXX balance $XX position our June provider we million strong approximately board, second discussions in month was automatically As million. financial we increasing would announced be received relief the million Medicare to our had operating the at flow and our business. to approximate to relating following our last Due returning we strong $X.X Act cash from XX, Care $XXX.X our
We the for two funds these reasons. made decision primarily have to return
the reporting was these which around these appropriate continuing money. ongoing to let return requirements First And allowing we on others stimulus be access continue for it our to on reasons the board this need second may have who solid funds companies operations to normal federal program. a imposed have debt need funds. and the operations with and comfort these lack little we who in strong to participate mitigating with the and and to funds Based both capital our uncertainty structure to audit management felt chose in future these us
X, by already per previously This accelerates the hour. state discussed to raised City the to move $X of ahead passed. what the on of hour July Illinois of $XX wage city's $XX XXXX, Chicago As minimum a the we had minimum per wage
working to increase. with been offset has to state funding leadership this secure accelerated wage team Our
with statewide in cover in which each This this until the for cost affected approval. year. this $X.X offset is increase Chicago fiscal rate increased to in quarter next York deal X, also approximately experience X.X% January lower increase you changes will to in developments the minimum needed budget Medicaid funding as additional be for of a effective million update the the levels an a affected. January After state two I XXXX state White XXXX certain and increase of has X Medicaid the progresses. passed rate is to budget. additional want all recently to make rate gave Chicago COVID pertaining quarters reduction unreimbursed Lee of New on implementing subject the was adjustment included federal did reduction X% this due reimbursement of city this minimum Governor, to XXXX wage include to to the of year on the passed May of wage Addus state budget will the continued providers to rate April our XXXX, to year budget virus. Our The an fiscal the
patients any and leaders today's We services. to facility significantly to the environment. a York continue be cost into forced care reductions to and mitigate educate is and challenging the Associations having New effective setting community-based work state value of We and our of State safer with home believe in home-based our try help future to than
quarters requested the segment the Illinois, Personal continue For from over as number were of patient-driven the well same-store in same-store in who of the driven our few should affected as had due a XXXX was X.X% rate the virus. decrease X XX,XXX July to the X Care COVID-XX census revenue in XXXX, this driven in our to our the our second We of primary Care reduction service. primarily increase, impact by XX,XXX did the call-offs quarter expected Illinois COVID We in by by solid increases of see their year next hold patients by virus. caused growth personal same-store in largely to rate July care offset see which growth Personal
patients XX the census If on a those for have Our census placed patient included their within a period, days. more XX our who hold are no has includes received calculation. than longer day past calculation service care they in
to more they the with As should become continue these comfortable of return personal when in provided we patients seek our recover. their homes, care census services
For our approximately of and the XXXX, some due temporary admissions second access Hospice hospice of steadily offices. our admission of saw as same-store XX% higher as facility well restrictions since program currently in our volume recurring closures are than have April numbers. improved our growth was our April quarter X.X% lows hospice as slowdowns running physician to
However, fully their impose facilities. outside front recovered admission the restrictions on parties significant continue we some accessing as to haven't facilities on
see increases of our quarter. We in and part third in trends current continue admission the the to early census
decreased revenue hospitals saw as X.X% effects surgeries facilities of by we their for Our health quarter. the home elective during the same-store closing
volumes basis in of institutional patient were PDGM. increase reduction actual our up, revenue our an adversely XXX a by health in and under mix referrals non-Medicare impacted While early our approximately points home was
pre-COVID Medicare recovered in volume numbers. admissions our and Our admissions June of is running slightly ahead currently
addition, resumption our the institutional recovered admissions of also mix elective of many to locations. Medicare In in to early has primarily due procedures pre-COVID surgical levels
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know, As most part of strategy still an remain our Addus. and been have at of acquisitions important growth you
structure acquisition strategically occur. opportunities to of capital a as maintained We advantage strong have us allows which they take
reengaged pandemic, a short of are we fully during opportunities business. all additional closing in acquisitions segments now our the the of early While of the phase growth process took and from identifying in we COVID pause pursuing three new
can acquisitions to believe strong. during being additional we we while continue Our XXXX. pipeline are remains And cautious, we appropriately that close
caregivers and staying have virus. financial past support months our of indicate, job the to of As both done five staff mission committed our team wonderful our during the results a
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earnings not something that we the segment, in non-clinical on call our have As we began past. first we our in discussed quarter PPE acquire to needed
necessary other patients and families help and believe we care vaccine and additional to and to developed supplying in our layer PPE next need forward, treatment comfort We this or Going while into allowing we gloves several teams our order to expense spread and will of protect teams the our from provide for to clinical added effective until their our an widely an continue the available. home necessary them personal masks, will quarters virus and be this of for believe the their is service. or patients
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volume service in our personal few segment. equally positive home and health care with case patients our only split COVID is current hospice between a Our lines
deal and patients they committed take these are of continuing We help them this as to to with care virus.
been past and optimistic Addus remain the the future in have industry I of homecare months particular. the about For five challenging,
close With industry. live dedicated keep continue way patients important more much families is our from this virus we that our goals to will patients. to employees can past values our as of and responsibility months I to the all virus help to have continued to It fight continue and care. while for important many this you serving thank continue for call coming our our of while you has missions their I our that turn to have to Through it ever a this pandemic. our I demonstrated mission country Addus. that months us for be and meet say as to is for than homes and safe them to and provide the a patients their few in providing of you time now will our both we The believe needed very to to know over we opportunities efforts leaders Addus. continue have me strategic all their been want a Brian. call your This the let achieve this where part my difficult members team have team have operated. historically We ability disrupted and even the
