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CBIZ REPORTS SECOND-QUARTER AND FIRST-HALF 2024 RESULTS AND ANNOUNCES AGREEMENT TO ACQUIRE MARCUM
Prnewswire· 2024-07-31 11:05
SECOND-QUARTER HIGHLIGHTS: TOTAL REVENUE UP 5.4%; SAME-UNIT REVENUE UP 2.8% GAAP EPS DOWN 26.4%; ADJUSTED EPS DOWN 9.1%; INCLUDES MARCUM ACQUISITION-RELATED EXPENSE OF $6.7M NET INCOME DOWN 26.3%; ADJUSTED EBITDA DOWN 6.9% SIX-MONTH HIGHLIGHTS: TOTAL REVENUE UP 7.2%; SAME-UNIT REVENUE UP 4.4% GAAP EPS DOWN 3.0%; ADJUSTED EPS UP 1.5%; INCLUDES MARCUM ACQUISITION-RELATED EXPENSE OF $6.7M NET INCOME DOWN 3.3%; ADJUSTED EBITDA UP 1.0% CLEVELAND, July 31, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("CBIZ" or t ...
CBIZ TO ACQUIRE MARCUM
Prnewswire· 2024-07-31 11:00
UPON CLOSING: WILL SOLIDIFY CBIZ'S POSITION AS LEADING PROVIDER OF PROFESSIONAL ADVISORY SERVICES OF ITS KIND CLEVELAND, July 31, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading national provider of financial, insurance and advisory services, today announced that it has entered into a definitive agreement to acquire the non-attest business of Marcum, LLP ("Marcum"), which will make CBIZ the seventhlargest accounting services provider in the U.S. with approximately $2.8 billion in annu ...
CBIZ TO ANNOUNCE SECOND-QUARTER AND FIRST-HALF 2024 RESULTS ON JULY 31, 2024
Prnewswire· 2024-07-22 20:12
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. (ET) on Wednesday, July 31, 2024. The conference call will be webcast live on the investor relations page of the CBIZ website at https://cbiz.gcs-web.com/investor-overview. Investors can register at https://dpregister.com/sreg/10191052/fd1f3d903c to receive the dial-in number and a unique personal identification number. Participants may register at any time, includ ...
CBIZ(CBZ) - 2024 Q1 - Earnings Call Transcript
2024-04-25 20:39
Since the end of 2019 we have closed 22 transactions and we have deployed approximately $444 million of capital for acquisition purposes including the earn-out payments over that time. Beyond using capital for acquisitions we have the flexibility to use capital for share repurchases with approximately 9.4 million shares repurchased since the end of 2019 were about 17% of shares outstanding since that time. We have used approximately $342 million of capital towards share repurchases since that time. The DSOs ...
CBIZ(CBZ) - 2024 Q1 - Earnings Call Presentation
2024-04-25 17:50
Such risks and uncertainties include, but are not limited to: we may be more sensitive to revenue fluctuations than other companies, which could result in fluctuations in the market price of our common stock; payments on accounts receivable may be slower than expected, or amounts due on receivables or notes may not be fully collectible; we are dependent on the services of our executive officers, other key employees, producers and service personnel, the loss of whom may have a material adverse effect on our ...
CBIZ(CBZ) - 2024 Q1 - Quarterly Report
2024-04-25 16:48
(1) NOTE 9. EMPLOYEE STOCK PLANS (1) 13 NOTE 10. EARNINGS PER SHARE (2) NOTE 11. SEGMENT DISCLOSURES | --- | --- | --- | |------------------------------------|------------------------------------------|-------------------------------------------------------------------------| | Financial Services | Benefits and Insurance Services | National Practices | | Accounting and Tax | Employee Benefits Consulting | Information Technology Managed Networking and Hardware Services | | Financial Advisory | Payroll / Huma ...
CBIZ(CBZ) - 2024 Q1 - Quarterly Results
2024-04-25 15:41
Exhibit 99.1 CBIZ REPORTS FIRST-QUARTER 2024 RESULTS CLEVELAND (April 25, 2024) – 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. Excluding non-recurring first-year integration expenses related to the previously announced acquisitions of Erickson, Brown & Kloster, LLC ("EBK") and CompuData, Inc. ("CompuData") during the first quarter of 2024, and similar expenses related t ...
CBIZ TO ANNOUNCE FIRST-QUARTER 2024 RESULTS ON APRIL 25, 2024
PRNewsWire· 2024-04-11 13:34
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. (ET) on Thursday, April 25, 2024. The conference call will be webcast live on the investor ...
Are Business Services Stocks Lagging CBIZ (CBZ) This Year?
Zacks Investment Research· 2024-03-12 14:46
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has CBIZ (CBZ) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.CBIZ is a member of our Business Services group, which includes 315 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different ...
CBIZ Announces Honorees for Fourth Annual Women Transforming Business Awards
Businesswire· 2024-03-08 14:00
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, community impac ...