earnings
confidence high
sentiment positive
materiality 0.75
Mednax Q2: GAAP EPS $0.36, adj EPS $0.41, revenue $473M (+14% YoY), volume strong
Pediatrix Medical Group, Inc.
2021-Q2 EPS reported
$0.61
revenue$919,712,000
- Net revenue $473M vs $415.4M prior year; income from cont ops $30.5M ($0.36 diluted) vs $7.1M ($0.08).
- Adjusted EPS $0.41 vs $0.26; adjusted EBITDA $65.5M vs $55.7M.
- Same-unit revenue +13.4% (volume +9.5%, reimbursement +3.9%); office-based services volume +23.2%.
- No CARES Act funds in Q2'21 vs $5.8M in Q2'20; gain on building sale $7.3M excluded from adj metrics.
- Redeemed $750M 5.25% notes due 2023 in Jan 2021; debt now $1.0B with no revolver borrowings.