CBIZ

CBIZ, Inc. engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services. The Benefits and Insurance Services segment includes group health benefits consulting, property and casualty brokerage, retirement plan services, and payroll. The National Practices segment deals with managed networking and hardware, and healthcare consulting. The company was founded by Michael G. DeGroote Sr. on October 17, 1996 and is headquartered in Cleveland, OH.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CBIZ reports stellar Q4 results, eyes growth through acquisitions

CBIZ's Q4 2022 earnings call highlighted robust financial performance, strategic acquisitions, and positive growth outlook for 2023.
The company's focus on client retention, market expertise, and digital initiatives positions them well for future success.
While challenges exist in a competitive market, CBIZ's opportunities for expansion and profitability are notable.

CBIZ (CBZ) reports robust Q1 performance and optimistic full-year outlook

CBIZ (CBZ) delivers strong Q1 results, driven by revenue growth in key divisions. Challenges include labor constraints and market exposure, but opportunities lie in M&A and revenue strategies.

CBIZ reports strong Q2 performance, raises full-year revenue guidance

CBIZ delivered strong Q2 results with revenue growth across divisions and raised full-year guidance.
Challenges in Government Health Care consulting and tax business in California impacted earnings.
Opportunities lie in addressing challenges, optimizing revenue streams, and strategic growth focus.
Overall, CBIZ remains committed to growth targets and expresses confidence in future performance.

CBIZ reports robust Q3 performance, eyes growth through acquisitions

CBIZ delivered strong financial performance in Q3 2023, showcasing growth and resilience across its key business segments. Despite challenges with market shifts and capital losses, the company remains focused on margin improvement and strategic acquisitions for future growth.

CBIZ reports robust Q4 performance, eyes growth amid challenges

CBIZ delivered impressive financial results in Q4 2023, driven by revenue growth, acquisitions, and strong performance across divisions.
While facing challenges such as market uncertainties and operational complexities, CBIZ remains well-positioned to leverage opportunities for growth and innovation.
Investors can look forward to continued value creation as CBIZ maintains financial stability, pursues strategic acquisitions, and navigates industry dynamics.

CBIZ (CBZ) reports robust Q1 performance and strategic growth initiatives

CBIZ (CBZ) delivered a strong performance in Q1 2024, driven by revenue growth and strategic acquisitions.
The company's strengths lie in higher margins in advisory services, optimism across industries, and ongoing investments.
Challenges include managing interest expenses, M&A integration, and balancing investments for growth and profitability.
Opportunities for CBIZ (CBZ) include margin expansion, growth in client industries, and enhanced service offerings through acquisitions.

CBIZ reports revenue growth and strategic acquisition with Marcum

CBIZ's Q2 performance showed revenue growth and strategic acquisitions driving expansion.
While facing challenges in certain divisions, CBIZ's strong balance sheet and growth outlook remain positive.
The acquisition of Marcum presents significant revenue and client base expansion opportunities for CBIZ.

CBIZ reports robust Q3 results, eyes market leadership with Marcum acquisition

CBIZ delivered strong financial performance in Q3 2024, with revenue and earnings growth surpassing expectations.
While facing challenges related to external uncertainties, the company's strategic strengths and growth initiatives position it well for future opportunities.
By focusing on acquisitions, client relationships, and operational efficiency, CBIZ aims to sustain its growth trajectory and enhance shareholder value.

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CBIZ, Inc. engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services. The Benefits and Insurance Services segment includes group health benefits consulting, property and casualty brokerage, retirement plan services, and payroll. The National Practices segment deals with managed networking and hardware, and healthcare consulting. The company was founded by Michael G. DeGroote Sr. in 1987 and is headquartered in Independence, OH.

CBIZ, Inc. (NYSE:CBZ ) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Lori Novickis - Director of Corporate Relations Jerry Grisko - President & Chief Executive Officer Ware Grove - Chief Financial Officer Conference Call Participants Chris Moore - CJS Securities Andrew Nicholas - William Blair Marc Riddick - Sidoti Operator Good day and welcome to the CBIZ First Quarter 2024 Results Conference Call. All participants will be in a listen-only mode.

CBIZ, Inc. (CBZ) Q1 2024 Earnings Call Transcript

FIRST-QUARTER HIGHLIGHTS: TOTAL REVENUE UP 8.7%; SAME-UNIT REVENUE UP 5.9% GAAP EPS UP 6.3%; ADJUSTED EPS UP 5.5% NET INCOME UP 5.1%; ADJUSTED EBITDA UP 4.8% CLEVELAND , April 25, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the first quarter ended March 31, 2024. For the 2024 first quarter, CBIZ recorded revenue of $494.3 million, an increase of $39.7 million, or 8.7%, compared with $454.6 million reported for the same period in 2023.

CBIZ REPORTS FIRST-QUARTER 2024 RESULTS

CLEVELAND , April 11, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the first quarter ended March 31, 2024, before markets open on Thursday, April 25, 2024. A conference call to discuss the Company's financial results will be hosted by CBIZ President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m.

CBIZ TO ANNOUNCE FIRST-QUARTER 2024 RESULTS ON APRIL 25, 2024

CLEVELAND--(BUSINESS WIRE)--The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted increase of 0.18% in March as the U.S. economy continues to show strength and resilience. The CBIZ SBEI tracks payroll and hiring trends for over 3,000 companies that have 300 or fewer employees, providing broad insight into small business trends. “Small businesses continued to hire in March, reflecting the ongoing theme of strength and resilience within the American economy,” said Anna.

Hiring Growth for Small Businesses Continues in March

MCLEAN, Va.--(BUSINESS WIRE)--CrossCountry Consulting, a leading business advisory firm, today announced that risk leader Nick Silitch has joined the firm's Board of Advisors. Through this role, Silitch will help the firm identify current and expected trends in the risk management space and provide strategic guidance in areas such as client solutions and capabilities, market developments, and expansion in key growth markets. Silitch has more than four decades of industry experience, playing an.

CrossCountry Consulting Appoints Risk Leader to Growing Board of Advisors

CLEVELAND--(BUSINESS WIRE)--CBIZ (NYSE: CBZ), a leading national provider of insurance, financial and advisory services, released its second annual State of Health Care Report. This year's findings highlight how critical it is for employers to offer health care benefits that are not only comprehensive but also specifically tailored to meet the changing needs and desires of the American workforce, highlighting the connection between such benefits and the ongoing challenge of attracting and keepi.

CBIZ's 2024 State of Health Care Report Highlights Areas of Priority for Employer Benefit Plan Sponsors

Here is how CBIZ (CBZ) and CompoSecure, Inc. (CMPO) have performed compared to their sector so far this year.

Is CBIZ (CBZ) Stock Outpacing Its Business Services Peers This Year?

Are Business Services Stocks Lagging CBIZ (CBZ) This Year?

CLEVELAND--(BUSINESS WIRE)--CBIZ, Inc. (NYSE: CBZ), a leading national provider of financial, insurance, and advisory services, has announced the honorees of its fourth annual Women Transforming Business Awards powered by CBIZ Women's Advantage. Honorees for these awards are being announced today in celebration of International Women's Day. The awards celebrate leaders nationwide acknowledging their significant contributions in five key categories: financial strength, innovation, culture, commu.

CBIZ Announces Honorees for Fourth Annual Women Transforming Business Awards

CLEVELAND , March 6, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today it has acquired technology solutions provider, CompuData, Inc. (CompuData), of Philadelphia, PA, effective March 1, 2024. Founded in 1971, CompuData is a premier technology solutions provider for small and midsize organizations.

CBIZ ACQUIRES COMPUDATA, INC.

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CBIZ (CBZ) could produce exceptional returns because of its solid growth attributes.

Here is Why Growth Investors Should Buy CBIZ (CBZ) Now

CLEVELAND--(BUSINESS WIRE)---- $CBZ--CBIZ, Inc. (NYSE: CBZ), a leading provider of financial, insurance and advisory services, has released the results of its Q1 2024 Main Street Index, taking the pulse of and gauging the outlook for small and mid-sized businesses (SMBs). Companies reported a notable positive shift in economic sentiment, with only 33% reporting concerns about interest rates affecting their bottom line, compared to 61% in the third quarter of 2023. Still, more than four in 10 businesses.

Small and Mid-Sized Businesses Report Rise in Economic Confidence as Interest Rate Concerns Decline

CBIZ has achieved an average annual earnings growth of 10.05% over the past five years through organic growth and acquisitions. The company's diverse business lines and competitive advantages give it the potential for continued growth and higher share prices. It expects earnings to increase by 12.0% to 15.0% in 2024, and I expect the share price to follow the EPS lead.

CBIZ: A Recent Gap-Up May Not Mark The End Of Its Profitable Growth

CBIZ, Inc. (CBZ) Q4 2023 Earnings Call Transcript

FOURTH-QUARTER HIGHLIGHTS: TOTAL REVENUE UP 11.0%; SAME-UNIT REVENUE UP 6.8% FULL-YEAR HIGHLIGHTS: TOTAL REVENUE UP 12.7%; SAME-UNIT REVENUE UP 7.4% GAAP EPS UP 18.9%; ADJUSTED EPS UP 13.1% NET INCOME UP 14.8%; ADJUSTED EBITDA UP 17.7% 2024 OUTLOOK: TOTAL REVENUE UP 7% TO 9% GAAP EPS UP 13% TO 15%; or $2.70 TO $2.75 ADJUSTED EPS UP 12% TO 14%; or $2.70 TO $2.75 CLEVELAND , Feb. 15, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("CBIZ", or the "Company"), a leading provider of financial, insurance and advisory services, today announced fourth-quarter and full-year results for the period ended December 31, 2023. For the 2023 fourth quarter, CBIZ recorded revenue of $327.5 million, an increase of $32.5 million, or 11.0%, compared with $295.0 million reported for the same period in 2022.

CBIZ REPORTS FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS

CLEVELAND, Feb. 7, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today it has acquired tax and accounting service provider, Erickson, Brown & Kloster, LLC (EBK), of Colorado Springs, CO, effective February 1, 2024. Concurrent with this transaction, Mayer Hoffman McCann P.C.

CBIZ ACQUIRES ERICKSON, BROWN & KLOSTER, LLC

CLEVELAND , Jan. 31, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the fourth quarter and full year ended December 31, 2023, before markets open on Thursday, February 15, 2024. A conference call to discuss the Company's financial results will be hosted by CBIZ President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m.

CBIZ TO ANNOUNCE FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS ON FEBRUARY 15, 2024

CLEVELAND--(BUSINESS WIRE)--CBIZ, Inc. (NYSE: CBZ), a leading national provider of financial, insurance and advisory services, announced today that nominations are now open for its fourth annual Women Transforming Business Awards (WTBAs). The awards, powered by CBIZ's Women's Advantage ("CWA"), honor leaders who have driven significant change within their organizations and communities in five categories: financial strength, innovation, culture, community impact, and emerging leadership. New thi.

Fourth Annual Women Transforming Business Awards Nominations Now Open

CLEVELAND--(BUSINESS WIRE)--CBIZ, Inc. (NYSE: CBZ), a leading national provider of financial, insurance and advisory services, announced today that it has named Jaileah (Leah) Huddleston as the company's new Chief Legal Officer and Corporate Secretary, effective Dec. 11. Huddleston replaces CBIZ's long-time General Counsel and Secretary Mike Gleespen, who retired in Aug. 2023. Huddleston joins CBIZ from Brown-Forman Corporation, a publicly traded Fortune 1000 company based in Louisville, KY, wh.

CBIZ, Inc. Appoints Jaileah Huddleston Chief Legal Officer and Corporate Secretary

CBIZ, Inc. (CBZ) Q3 2023 Earnings Call Transcript

CBIZ (CBZ) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.51 per share a year ago.

CBIZ (CBZ) Q3 Earnings and Revenues Top Estimates

THIRD-QUARTER HIGHLIGHTS: TOTAL REVENUE UP 13.0%; SAME-UNIT REVENUE UP 8.3% GAAP EPS UP 26.4%; ADJUSTED EPS UP 29.4% NET INCOME UP 22.6%; ADJUSTED EBITDA UP 34.2% NINE-MONTH HIGHLIGHTS: TOTAL REVENUE UP 13.1%; SAME-UNIT REVENUE UP 7.5% GAAP EPS UP 18.9%; ADJUSTED EPS UP 15.6% NET INCOME UP 14.4%; ADJUSTED EBITDA UP 17.9% CLEVELAND , Oct. 26, 2023 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the third quarter ended September 30, 2023. For the 2023 third quarter, CBIZ recorded revenue of $410.5 million, an increase of $47.3 million, or 13.0%, compared with $363.3 million reported for the same period in 2022.

CBIZ REPORTS THIRD-QUARTER AND NINE-MONTH 2023 RESULTS

CBIZ's revenue has grown at a CAGR of 10%, with EBITDA outperforming this at 12%. Expansion is a reflection of a high-quality service, brand building, and an aggressive go-to-market strategy. The company's business model is highly attractive, with a good balance between recurring revenue from stable services and project-based services with higher margins. M&A is an important part of CBIZ's growth story, allowing it to develop new expertise and also deepen its existing capabilities.

CBIZ: High-Performing Consulting Company With Further Room To Grow

CLEVELAND , Oct. 12, 2023 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the third quarter ended September 30, 2023, before markets open on Thursday, October 26, 2023. A conference call to discuss the Company's financial results will be hosted by CBIZ President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m.

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