CBIZ(US:CBZ) Globenewswire·2025-10-29 20:13Core Insights - CBIZ, Inc. reported strong financial results for the third quarter of 2025, with revenues reaching $693.8 million, a 58.1% increase from $438.9 million in the same period of 2024 [3][8] - The company experienced a net income of $30.1 million, down 14.1% from $35.1 million year-over-year, while adjusted net income rose to $63.5 million, an increase of 35.4% compared to $46.9 million in the previous year [4][8] - The acquisition of Marcum has shown better-than-expected synergies, positioning the company for sustainable long-term growth in the U.S. middle market [2][3] Financial Performance - For Q3 2025, adjusted earnings per diluted share were $1.01, an 8.5% increase from $0.93 in Q3 2024 [4][8] - Adjusted EBITDA for Q3 2025 was $120.0 million, up 57.4% from $76.3 million in the same quarter of 2024 [4][8] - For the nine months ended September 30, 2025, total revenue was $2,215.3 million, a 63.7% increase from $1,353.2 million in the same period of 2024 [5][8] Segment Performance - Revenue from Financial Services for Q3 2025 was $578.5 million, compared to $322.3 million in Q3 2024, while Benefits and Insurance Services generated $103.4 million, slightly down from $104.0 million [29] - For the nine months ended September 30, 2025, Financial Services revenue was $1,862.0 million, up from $1,004.2 million in the same period of 2024 [29] Outlook - The company anticipates total revenue for 2025 to be in the range of $2.8 billion to $2.95 billion, with an effective tax rate of approximately 29% [9] - Adjusted fully diluted earnings per share are expected to be between $3.60 and $3.65, with adjusted EBITDA projected between $450 million and $456 million [9]