we take few we minutes Thank review talk highlights and want morning good I as we Jerry, a numbers and the taken through you, navigate the actions of COVID-related challenges. everyone. to have morning the released this to about
of has businesses more by growth unemployment commented, essential and stability number nature with recurring services by our core influences of trends mix small clients we of that our performing the directly or they higher core severely results. are Reported services As to majority client-facing are total because are has impacted highly project-oriented, coupled they more COVID-related are the are by either of activities. businesses of our well. that impacted within our impacted providing diversity Through our Jerry or travel-related services these a upon dependent more the serve,
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sites recorded the in revenue same slowed services For and year government done modest but XXXX. where the some that of cost this to of needs this the into also growth flat. nine business we grown consulting core other circumstances. Revenue push accounting need to bit work reports has months, unit information total work disruptions or growth X% under with still and up be due services normal may in also limited revenue portion has tax to was within client a and in we financial This availability access health-care have
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may XX, coverage financial expense, September of factors, the year making for ability services benefits, ended the also months impacted prudent our within a risks is the that with as which as a marketing carefully from variable a been total have new these compromise to portion advisory other grow variable levels, compensation trends. such circumstances lower property investment resulted defer pool to board declined travel-related year more and natural business costs nine event been has health lower revenue including by and and businesses and normal group decisions, Benefits by have possible. actions the the grew very Similar services and costs, where and stable. managed have same the are and impact. such business sponsorship conditions with healthcare For unemployment and services, this revenue once Insurance of by actions Retention The or cost recurring producer X.X%. unit fashion in appropriate have higher return. very an X.X% making or toward lower core lower discretionary this casualty, items we avoiding is eye been Improved having we costs, a reduction investments actions margins There commercial but in retirement positive cost include solid benefits other COVID-related across
costs we've conditions been reductions, to this in very actions right-size by cost operations these have also that Beyond more year. targeted taken impacted economic those
on the held the gains you the and it to as the in losses compensation As accounting is impact assets reminder, important of the for an think cost structure and plan. deferred about eliminate margins important
revenue third a margin As this was X.X% the are reported gross income was margin reminder, income ago. the change with expense quarter, of impact a operating the compared Eliminating pre-tax not of gains but of on does losses year General XX.X% administrative elements XX.X% a impacted. X.X% or ago. with year compared for
months general of was lower In margin compared quarter ago. the with conference gross X.X% second commented our months, XX.X% the XX% a nine with impact administrative for on the was nine costs. For compared expense and favorable and benefits X.X% I call, year
As the COVID-related adjustments resulting from March. cost with occurred deferral healthcare favorable that this since many others, experienced general healthcare has to year we've
may about nine for XX% increase some be third quarter prior the the minor item compared months Under the there For favorable of and circumstances, in this adjustments with income the for pre-tax year. accounts normal months costs may favorable economy cost return year, future. the the estimated individual not through year recur this and the to throughout as behaviors and the in adjustment to to nine first this the normal
year, outstanding has be sales unsecured remained September, year year. of end end this on stable this Importantly, year, outstanding, and debt the this a million of cash reserve Client XX positive with days XX, September $X compared was day's at of flow at an million with we days improving Earlier ago. At million additional March. recorded cash XX the continue leaves capacity. $XXX facility unused to bad $XXX of million remittances to that credit our debt $XXX
compared months recorded months, XX for nine of end anticipated first bad The the paid X% XX including on ago. a higher September associated XX. totaled is at points debt business these clients industries. a expense than types with revenue basis basis or diverse focused on points of those acquisitions of additional whose $XX.X was nine the spending previously less with restaurant risk base. quarter represent reserve earn-outs entertainment the year travel, For million generally client clients Acquisition-related set our clients, of of through closed With associated our the
an additional expect we this the million. For balance to $X.X year, of pay
of expect XXXX, payments additional previously an million XXXX, to the approximately for our earn-out approximately planned $X.X $X.X is priority Acquisitions best closed. approximately million. capital. XXXX, pay to on expect and for for for pay acquisitions use $XX.X as continue For we Then million we XXXX, $XX.X and million to highest be our long-term
experienced time have repurchase also of flows. flexibility near since After share first we suspending cash shares. we end However, that repurchase the have to activity quarter, the the strong
XX. tax shares shares quarter Combined spending in we during approximately spending projecting and year, this average XXX,XXX activity. share repurchase million we tax months result recent approximately October, the capital nine this have a the effective million. resume approximately program In shares XX.X for additional with approximately for cost the weighted repurchase we rate September to year, through expect we We $XX $XX to initiated The XXB XXX,XXX and XXXX. X.X million September the to are we for repurchased the at share a year. were full spending $X.X quarter, repurchased shares. XX%. nine shares have is elected count months, activity, the approximately As of during we an million an in XX, capital quarter at range through repurchase of at a third million. Considering first October within a the the full repurchased million was $X.X million that date repurchased approximately continue of to and approximately this X.X was XX.X% Full-year for Capital XX% year, rate share was expected effective third
navigate performance we with we of business. our this the through are pleased steady challenging As environment,
We record September year. nine growth are extremely with of X.X% pleased for per to the earnings ended a share this months in XX margins improved
continually risks actions. costs. targeted more reminder, continue to typically work, severely and upon and been more quarter in a and are taken business to fourth business dependent months may in our we uncertainty that quarter impacted, lead of portions assessing volatility As the results. the prudently more the ahead, project Where are fourth With results manage ongoing we have have
plans, if is with attributes ready are our importantly, Most a contingency flow strong our of cash further with necessary. stable. We liquidity business,
to the impact are are we to well-positioned growth continuing the prospects for for long-term to make we get the economy. growth enhance we business capacity, COVID-related and once the beyond the We have CBIZ in investments
will I Jerry. it comments, over back turn these with to So,
