In connection with payroll services provided to clients, we collect funds from our clients' accounts in advance of paying these client obligations. These funds held for clients are segregated and invested in accordance with our investment policy, which requires that all investments carry an investment grade rating at the time of initial investment. The interest income on these investments mitigates the interest rate risk for the borrowing costs of the 2022 credit facility, as the rates on both the investmen ...

CLEVELAND--(BUSINESS WIRE)--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 (44%) have so ...

CBIZ, Inc. (NYSE:CBZ) Q4 2023 Earnings Conference Call February 15, 2024 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 Chris Moore - CJS Securities Andrew Nicholas - William Blair Marc Riddick - Sidoti Operator Good morning, everyone, and welcome to the CBIZ Fourth Quarter 2023 Results Conference Call. All participants will be in a listen-only mode. [Opera ...

ACCOUNTING | INSURANCE | ADVISORY Fourth Quarter & Full Year 2023 Investor Presentation February 15, 2024 CBIZ.COM | NYSE: CBZ 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 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 in ...

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 ad ...

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. (ET) on Thursday, February 15, 2024. The conference call will be webc ...

CBIZ, Inc. (NYSE:CBZ) Q3 2023 Earnings Conference Call October 26, 2023 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 morning, and welcome to the CBIZ's Third Quarter 2023 Conference Call. [Operator Instructions] Please note that this event is being recorded toda ...

~60,000 BUSINESS CLIENTS 8 National Resources & Expertise CBIZ, INC. | NYSE: CBZ 9 Accounting Provider Nationally 2023 by Accounting Today Government Health Care Consulting 100,000+ TOTAL CLIENTS CBIZ, INC. | NYSE: CBZ STRENGTH STRENGTH National Resources/Specialization National Providers Local / Regional Proximity and Relationship We out-local the nationals and out-national the locals. Top 12 Accounting Firms 2024 by Vault Revenue Operating Income Operating Margin $1.0B $160.0M 15.8% CBIZ, INC. | NYSE: CBZ ...

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 ...

Company Overview - CBIZ has over 120 offices and 6,500 team members serving more than 100,000 clients nationwide[5] - The company's revenue is divided into Financial Services (72%) and Benefits & Insurance Services (25%), with National Practices contributing 3% in 2022[8] - CBIZ boasts a client retention rate of approximately 90%[13] Financial Performance & Growth - CBIZ's revenue grew from $922 million in 2018 to $1.412 billion in 2022, representing a 53.1% total growth and an 11.2% compound annual growth rate (CAGR)[57] - Pre-tax income increased from $79.8 million in 2018 to $141.5 million in 2022, a 77.3% total growth[57] - Adjusted earnings per share (EPS) have a compounded annual growth rate of 18.2% since 2018[53] Strategic Initiatives - The company focuses on organic growth and external growth through mergers and acquisitions (M&A)[39] - CBIZ's M&A strategy targets companies with cultural fit, a desire for a greater national platform, and enhanced client service capabilities[41] - Strategic acquisitions YTD amounted to $84.2 million[75] 2023 Outlook - The company anticipates revenue growth between 10% and 12% for 2023[44] - GAAP EPS growth is projected between 15% and 17%, while adjusted EPS growth is expected to be between 11% and 13%[44] - The weighted average fully diluted share count is estimated to be between 50.5 million and 51.0 million[44]