Financial Data and Key Metrics Changes - Total revenue for Q4 2024 increased by 40.5%, with $108.9 million or a 33.2% increase attributed to the newly acquired Marcum operations [26] - For the full year 2024, total revenue was up 14%, with $108.9 million or a 6.8% increase attributed to Marcum [27] - Adjusted earnings per share for 2024 was $2.67, a 10.8% increase over the previous year's $2.41 [28] Business Line Data and Key Metrics Changes - Financial Services division saw growth across all major service lines, including Accounting & Tax, advisory, and Government Health Care Consulting [12] - Benefits and Insurance division also experienced strong growth, particularly in Employee Benefits and Retirement & Investment Services, with a noted outlier in Property & Casualty insurance due to producer departures [14] Market Data and Key Metrics Changes - Same-unit revenue for Financial Services was up 7.2% in Q4, while Benefits and Insurance saw a 3.8% increase [26] - For the full year, same-unit revenue for Financial Services was up 4.8%, and Benefits and Insurance was up 4.0% [27] Company Strategy and Development Direction - The acquisition of Marcum solidified the company's position as a leading provider of professional services to middle-market businesses, enhancing service offerings and market position [10] - The company plans to focus on integration activities in 2025, with expectations for organic revenue growth supplemented by strategic acquisitions [31][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the operating environment in 2025, citing improved clarity on interest rates and economic conditions post-election [85] - The company anticipates a healthy level of organic growth driven by increased demand for discretionary project-oriented services [87] Other Important Information - The company completed two other strategic acquisitions and two tuck-in acquisitions in addition to the Marcum transaction [16] - Total debt at year-end 2024 was $1.42 billion, with approximately $550 million of unused capacity within a new $2 billion financing facility [36] Q&A Session Summary Question: Does the $3.60 to $3.65 adjusted EPS include an add-back of the tax-adjusted intangible amortization? - The amortization is added back, but it does not include the cash flow tax asset [62] Question: What is the expectation for Marcum's organic growth in 2025? - The expectation is for strong performance in 2025, mirroring the core accounting practice growth [81] Question: What areas or practices are most exciting for growth in 2025? - The company expects stronger organic growth in 2025, particularly in discretionary project-oriented services [85] Question: What is the pricing environment like for the combined CBIZ going forward? - The demand is expected to remain high, allowing for continued pricing ability [99] Question: Are there any particular industry verticals showing more activity? - The combined organization now has 10 industry groups with revenues over $100 million, enhancing growth opportunities [103]

Investor Presentation FULL YEAR 2024 Such forward-looking statements can be affected by inaccurate assumptions we might make or by known or unknown risks and uncertainties. Many factors mentioned in "Item 1A. Risk Factors" of our most recent Annual Report on Form 10-K, as updated in subsequent filings with the SEC, will be important in determining future results. Should one or more of these risks or assumptions materialize, or should the underlying assumptions prove incorrect, actual results may vary materi ...

Exhibit 99.1 FOR IMMEDIATE RELEASE CBIZ REPORTS FOURTH-QUARTER AND FULL-YEAR 2024 RESULTS FOURTH-QUARTER HIGHLIGHTS: FULL-YEAR HIGHLIGHTS: 2025 OUTLOOK: CLEVELAND (February 26, 2025) – CBIZ, Inc. (NYSE: CBZ) ("CBIZ", or the "Company"), a leading national professional services advisor, today announced fourth-quarter and full-year results for the period ended December 31, 2024. On November 1, 2024, CBIZ closed the previously announced acquisition of Marcum LLP (the "Transaction"), the largest acquisition in t ...

Fourth-Quarter Highlights - CBIZ reported fourth-quarter revenue of $460.3 million, a 40.5% increase compared to the same period in 2023, with 33.2% attributed to the acquisition of Marcum LLP [2] - Same-unit revenue increased by 6.4% in the fourth quarter [6] Full-Year Highlights - For the full year ended December 31, 2024, CBIZ recorded revenue of $1,813.5 million, a 14.0% increase from $1,591.2 million in 2023, with 6.8% attributed to the Marcum acquisition [3] - Adjusted earnings per share for the full year was $2.67, reflecting a 10.8% increase compared to 2023 [4] 2025 Outlook - The company anticipates total revenue for 2025 to be in the range of $2.90 billion to $2.95 billion, with GAAP EPS projected between $1.97 and $2.02 per diluted share [10] - Adjusted EPS is expected to be between $3.60 and $3.65 per diluted share, with adjusted EBITDA projected between $450 million and $456 million [10][34] Acquisition Impact - The acquisition of Marcum LLP, completed on November 1, 2024, is the largest in the company's history and has significantly impacted revenue growth and operational scale [2][6] - The company entered into a new $2.0 billion credit facility in connection with the acquisition, with outstanding indebtedness of $1,420.9 million as of December 31, 2024 [5] Financial Performance - The company reported a net loss of $90.7 million for the fourth quarter, with a diluted loss per share of $1.53 [19] - For the full year, net income was $41.0 million, translating to a diluted income per share of $0.78 [21] Segment Performance - Financial Services revenue for the fourth quarter was $358.4 million, up from $228.3 million in 2023, while Benefits and Insurance Services revenue was $91.2 million, compared to $86.4 million in the prior year [23] - The gross margin for Financial Services showed a loss of $66.2 million in the fourth quarter, influenced by integration costs related to the Marcum acquisition [23] Cash Flow and Financial Position - Net cash provided by operating activities for the year was $123.7 million, down from $153.5 million in 2023 [25] - Total assets increased to $4.47 billion as of December 31, 2024, compared to $2.04 billion in 2023, reflecting the impact of the Marcum acquisition [27] Debt and Equity - The company's debt-to-equity ratio increased to 78.6% as of December 31, 2024, compared to 39.3% in the previous year, indicating a higher leverage following the acquisition [27] - The total stockholders' equity rose to $1.78 billion from $791.6 million in 2023 [27]

Core Viewpoint - CBIZ, Inc. will announce its financial results for Q4 and the full year of 2024 on February 26, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results will be disclosed before markets open on February 26, 2025 [1] - A conference call to discuss the results will be hosted by the President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m. (ET) on the same day [2] - The conference call will be available via live webcast on the investor relations page of the CBIZ website, with an archived replay accessible afterward [2] Group 2: Investor Participation - Investors can register online to receive the dial-in number and a unique personal identification number for the conference call [3] - Registration is open at any time, including up to and after the call start time [3] Group 3: Company Overview - CBIZ, Inc. is a leading professional services advisor to middle market businesses and organizations across the U.S. [4] - The company has over 10,000 team members in more than 160 locations across 22 major markets [4] - CBIZ specializes in accounting, tax, advisory, benefits, insurance, and technology services, providing insights and solutions to help clients grow [4]

Core Insights - 53.2% of CEOs express strong concern over the financial impact of tariffs, prompting significant operational changes [2][4] - The survey indicates a rebound in CEO optimism, with 45.0% rating their outlook as highly positive in December, up from 34.5% in September [3] - Economic concerns remain the top issue for CEOs, cited by 55.1%, followed by talent availability at 37.5% and increasing cybersecurity concerns [6] Tariff Impact - 80.9% of CEOs are considering relocating production to mitigate tariff-related costs [4] - 75.4% may reduce their workforce, while 72.3% plan to delay investments [4] - 66.4% are exploring new supplier options, and 50.0% are contemplating price increases [4] Tax Policy Perspectives - 42.6% of CEOs reported moderate benefits from the Tax Cuts and Jobs Act (TCJA), with 51.9% anticipating positive effects if TCJA provisions are extended [5] - 43.3% have benefited from the Inflation Reduction Act (IRA), but nearly half (47.7%) reported no tangible gains [5] Survey Methodology - The CBIZ-Hofstra Survey polled 256 mid-market CEOs and leaders from companies with revenues ranging from $5 million to over $1 billion, conducted the week of December 9, 2023 [8]

Core Viewpoint - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that a solid trend can lead to profitable investments if supported by strong fundamentals and positive earnings estimates [1][2]. Group 1: Stock Analysis - CBIZ (CBZ) has shown a significant price increase of 22.2% over the past 12 weeks, indicating strong investor interest and potential for further upside [4]. - The stock has also increased by 6% in the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, CBZ is trading at 81.8% of its 52-week high-low range, indicating it may be on the verge of a breakout [6]. Group 2: Fundamental Strength - CBZ holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like CBZ that have the fundamental strength to maintain their upward trends [3]. - The article suggests that there are multiple stocks passing through this screen, providing additional investment opportunities for trend-focused investors [8].

Core Insights - CBIZ, Inc. has announced that Brad Lakhia will succeed Ware H. Grove as Senior Vice President and Chief Financial Officer, effective March 17, 2025, as Grove retires after 24 years in the role [1][2]. Group 1: Leadership Transition - Brad Lakhia brings nearly 30 years of experience in finance, including roles in capital markets, M&A, treasury, and operational finance, making him well-suited for the CFO position at CBIZ [2][3]. - Jerry Grisko, President and CEO of CBIZ, emphasized Lakhia's financial acumen and leadership abilities, which will help maintain the company's strong financial performance [3]. - Lakhia expressed enthusiasm about joining CBIZ and highlighted the company's recent merger with Marcum, which enhances its service offerings [4]. Group 2: Company Background - CBIZ, Inc. is a leading professional services advisor to middle market businesses, providing expertise in accounting, tax, advisory, benefits, insurance, and technology [5]. - The company has over 10,000 team members across more than 160 locations in 21 major markets nationwide [5].

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for sustaining momentum in stocks [1]. Group 1: Recent Price Strength Screen - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with strong fundamentals capable of maintaining an uptrend [2]. - This screen filters stocks that are trading in the upper portion of their 52-week high-low range, indicating bullish sentiment [2]. Group 2: CBIZ (CBZ) Analysis - CBIZ has shown a solid price increase of 9.8% over the past 12 weeks, indicating investor confidence in its potential upside [3]. - The stock has experienced a price increase of 21.7% over the last four weeks, confirming that the upward trend is still intact [4]. - CBIZ is currently trading at 81% of its 52-week high-low range, suggesting it may be on the verge of a breakout [5]. Group 3: Fundamental Strength - CBIZ holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Insights - The price trend for CBIZ is expected to remain stable, with several other stocks also passing through the "Recent Price Strength" screen, indicating potential investment opportunities [7]. - The article suggests utilizing various Zacks Premium Screens tailored to different investing styles to identify winning stock picks [7].

Revenue Performance - Revenue for Q3 2024 increased by $28.3 million, or 6.9%, to $438.9 million compared to $410.5 million in Q3 2023[66] - Same-unit revenue for Q3 2024 rose by approximately $20.8 million, or 5.1%, compared to the same period in 2023[66] - Revenue for the nine months ended September 30, 2024, increased by $89.5 million, or 7.1%, to $1,353.2 million from $1,263.6 million in the same period of 2023[66] - For the three months ended September 30, 2024, total revenue increased by 8.0% to $322.3 million from $298.4 million in the same period in 2023[94] - For the nine months ended September 30, 2024, total revenue grew by 7.7% to $1,004.2 million from $932.4 million in the same period in 2023[96] - Same-unit revenue for the nine months ended September 30, 2024 increased by $41.7 million, or 4.5%, across almost all service lines[96] Net Income and Earnings Per Share - Net income for Q3 2024 was $35.1 million, or $0.70 per diluted share, compared to $33.7 million, or $0.67 per diluted share, in Q3 2023[66] Operating Expenses - Total operating expenses for Q3 2024 were $365.971 million, an increase of $23.823 million, or 7.0%, from $342.148 million in Q3 2023[74] - Total operating expenses for the three months ended September 30, 2024 increased by $23.8 million, or 7.0%, to $366.0 million compared to $342.1 million in the same period of 2023[75] - For the nine months ended September 30, 2024, total operating expenses increased by $81.7 million, or 8.0%, to $1,108.8 million compared to $1,027.1 million in the same period of 2023[76] - Operating expenses for the three months ended September 30, 2024 increased by $11.0 million, or 4.4%, compared to the same period last year[95] - Operating expenses for the nine months ended September 30, 2024 rose by $51.4 million, or 7.0%, compared to the same period last year[97] General and Administrative Expenses - G&A expenses for the three months ended September 30, 2024 were $23.2 million, an increase of $10.1 million or 76.8% compared to $13.1 million in the same period of 2023[77] - G&A expenses for the nine months ended September 30, 2024 were $64.0 million, an increase of $19.5 million or 43.7% compared to $44.5 million in the same period of 2023[78] Interest Expense and Debt - Interest expense for the three months ended September 30, 2024 was $(4.968) million, a decrease of $0.880 million or 15.0% compared to $(5.848) million in the same period of 2023[80] - Average debt balance for the three months ended September 30, 2024 was $350.7 million with a weighted average effective interest rate of 5.37% compared to $398.3 million and 5.53% for the same period of 2023[82] - As of November 1, 2024, the company had $1,465.5 million outstanding debt under the 2024 Credit Facilities[68] - The outstanding balance under the 2022 credit facility was $337.3 million as of September 30, 2024, with $187.3 million subject to interest rate risk[137] - If market rates change by 100 basis points, interest expense would increase or decrease approximately $1.9 million annually based on the 2022 credit facility[137] - As of November 1, 2024, the outstanding debt under the 2024 Credit Facilities was $1,465.5 million, with $1,315.5 million subject to rate risk[137] - A 100 basis point change in market rates would result in an annual interest expense increase or decrease of approximately $13.2 million under the 2024 Credit Facilities[137] Acquisitions - The company completed three acquisitions for $22.5 million in cash during the nine months ended September 30, 2024[68] - Cash used in investing activities during the nine months ended September 30, 2024, was $24.9 million, primarily for business acquisitions totaling $22.9 million[119] Other Income and Changes - Other income, net for the three months ended September 30, 2024 was $1.285 million, compared to a net loss of $(8.059) million for the same period in 2023, representing a change of $9.344 million[80] - Total other income, net for the three months ended September 30, 2024 was $15, a decrease of 99.0% compared to $1,574 in the same period in 2023[92] - Total other income (expense), net increased by $6.2 million during the three months ended September 30, 2024, including a net gain of $8.4 million from the deferred compensation plan[114] - For the nine months ended September 30, 2024, total other income (expense), net increased by $6.9 million, with a net gain of $20.6 million from the deferred compensation plan[115] Cash Flow and Working Capital - Cash provided by operating activities for the nine months ended September 30, 2024, was $68.2 million, compared to $57.3 million for the same period in 2023[118] - The company experienced a working capital use of $108.4 million during the nine months ended September 30, 2024, offset by net income of $131.8 million[118] - Cash used in financing activities for the nine months ended September 30, 2024, was $85.2 million, which included $24.9 million in net proceeds from the credit facility[121] - The net decrease in cash, cash equivalents, and restricted cash for the nine months ended September 30, 2024, was $41.965 million, compared to a decrease of $37.818 million for the same period in 2023[120] Tax Rate - The effective tax rate for the three months ended September 30, 2024 was 31.2%, up from 28.6% in the same period in 2023[89] Financial Services Performance - The Financial Services practice group recorded a gross margin of 19.1% for the three months ended September 30, 2024, compared to 16.3% in the prior year[92] Client Investments - Investments from clients' accounts are segregated and may be invested in short-term investments, all of which carry an investment grade rating at acquisition[137] - Fair value adjustments for investments are recorded in other comprehensive income or loss, impacting the Condensed Consolidated Statements of Comprehensive Income[137] Interest Rate Management - The company has several interest rate swaps with notional amounts totaling $150 million, with fixed rates ranging from 0.834% to 4.488%[138] - The company does not engage in trading market risk sensitive instruments and uses interest rate swaps to manage interest rate risk exposure[137] Forward-Looking Statements - The company undertakes no obligation to publicly update forward-looking statements except as required by law[135]