For the transition period from________ to ________ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth c ...

ACCOUNTING | INSURANCE | ADVISORY Second Quarter 2023 Investor Presentation CBIZ.COM | NYSE: CBZ Forward-looking statements in this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to: we may be more sensitive to revenue fluctuatio ...

Financial Data and Key Metrics - Total revenue for Q2 2023 increased by $36.6 million, up 10.1% YoY, with same-unit revenue up $15.0 million or 4.1% [31] - For the first half of 2023, total revenue grew by $99.4 million, up 13.2% YoY, with same-unit revenue up $53.9 million or 7.2% [38] - Adjusted EBITDA for the first half of 2023 was $167.8 million, up 12.9% YoY [41] - Adjusted earnings per share for the first half of 2023 was $2.01, up 11% YoY [41] - The company raised full-year revenue guidance to 10%-12% growth and affirmed adjusted EPS guidance of 11%-13% growth [10] Business Line Performance Financial Services - Q2 2023 total revenue grew by $31.6 million, up 12.2% YoY, with same-unit revenue up $10 million or 3.9% [8][18] - For the first half of 2023, total revenue grew by $86 million, up 15.7% YoY, with same-unit revenue up 7.4% [18] - Core accounting and tax services remained strong, with advisory services also showing strong demand [8] Benefits and Insurance - Q2 2023 same-unit revenue grew 4.5%, with 6.4% growth for the first half of 2023 [19] - Employee Benefits and Property & Casualty Insurance both saw high client retention rates above 90% [9] - The company continues to invest in hiring new business producers to drive growth [19] Market Performance - The Government Health Care consulting business, with $185 million in annual revenue, experienced delays in project work, impacting Q2 results [14][16] - The delayed tax filing in California impacted Q2 and first-half results, with an estimated $0.04 per share impact [34] - The company expects stronger results in the second half of 2023 for both Government Health Care and California tax work [37] Strategic Direction and Industry Competition - The company completed four acquisitions in the first half of 2023, including Somerset CPAs and Advisors, Pivot Point Security, and American Pension Advisors [40][70][72] - The M&A pipeline remains active, with a focus on strategic acquisitions to enhance service offerings [74] - The company is investing in cybersecurity and retirement plan consulting to meet growing client demand [70][72] Management Commentary on Operating Environment and Outlook - Management highlighted headwinds from higher interest rates and tax rates, impacting earnings by $0.09 and $0.04 per share, respectively [11][32] - The company expects expenses to normalize below pre-pandemic levels but acknowledges year-over-year headwinds [21] - Management remains optimistic about the second half of 2023, projecting stronger results and continued growth [37][90] Other Key Information - The company repurchased 975,000 shares in the first half of 2023 at a cost of $48.5 million [43] - Leverage stands at 2x adjusted EBITDA, with $178 million of unused capacity on a $600 million facility [22][47] - Capital spending for 2023 is expected to be $15 million to $20 million, primarily for tenant improvements and office facilities [94] Q&A Session Summary Question: Impact of the delayed Government Health Care consulting project - The delay of a significant contract renewal into 2024 impacted Q2 results, with immediate actions taken to align costs with projected revenue [77] Question: Cybersecurity opportunity and Pivot Point acquisition - The company has high client demand for cybersecurity services and sees Pivot Point as a strategic fit to enhance advisory offerings [79][80] Question: M&A pipeline and pricing trends - The M&A pipeline remains active, with no significant changes in pricing despite higher interest rates [81][82] Question: Investment in headcount and technology - The company continues to invest in new business producers, particularly in Benefits and Insurance, while maintaining technology spend at consistent levels [86][99] Question: Customer trends and economic outlook - Small and middle-market businesses remain optimistic, with rising interest rates and access to credit being noted but not materially impacting business [65]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to ________ Commission File Number 1-32961 CBIZ, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporatio ...

CBIZ, Inc. (NYSE:CBZ) Q1 2023 Results Conference Call April 27, 2023 11:00 AM ET Company Participants Lori Novickis - Director of Corporate Relations Jerry Grisko - President and Chief Executive Officer Ware Grove - Chief Financial Officer Conference Call Participants Christopher Moore - CJS Securities Andrew Nicholas - William Blair Marc Riddick - Sidoti Operator Hello, and welcome to the CBIZ Q1 2023 Earnings Call [Operator Instructions]. Please note, this event is being recorded. I would now like to turn ...

CBIZ, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (In thousands, except per share data) CBIZ, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (In thousands) 5 CBIZ, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 2. NEW ACCOUNTING PRONOUNCEMENTS | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------|----------------------------|-- ...

Regulation UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________________ FORM 10-K ________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-32961 ________________________________________________________________ CBIZ, INC. (Exact name of registrant as specified in its charter) ______ ...

CBIZ, Inc. (NYSE:CBZ) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET Company Participants Lori Novickis - Director, Corporate Relations Jerome Grisko - President, CEO & Director Ware Grove - SVP & CFO Conference Call Participants Christopher Moore - CJS Securities Andrew Nicholas - William Blair & Company Marc Riddick - Sidoti & Company Operator Good day, and welcome to the CBIZ Fourth Quarter 2022 Results Call. [Operator Instructions]. Please note this event is being recorded. I would now l ...

CBIZ, Inc (NYSE:CBZ) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants Lori Novickis - Director, Corporate Relations Jerry Grisko - President and Chief Executive Officer Ware Grove - Senior Vice President and Chief Financial Officer Conference Call Participants Stefanos Cris - CJS Securities Andrew Nicholas - William Blair Marc Riddick - Sidoti Operator Good day, and welcome to the CBIZ Third Quarter 2022 Results Call. All participants will be in a listen-only mode. [Operato ...

THIRD QUARTER AND NINE MONTHS 2022 INVESTOR PRESENTATION Your Team. Local. Trusted. Nationwide. October 27, 2022 Your Team. FORWARD-LOOKING STATEMENTS & NON-GAAP MEASURES Forward-looking statements in this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forwardlooking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties includ ...