CBIZ (CBZ) Q1 2025 Earnings Call April 24, 2025 11:00 AM ET Company Participants Lori Novickis - Director of Corporate RelationsJerry Grisko - President & Chief Executive OfficerBrad Lakhia - CFO Conference Call Participants Christopher Moore - Senior AnalystAndrew Nicholas - Equity Research AnalystMarc Riddick - Business Services Analyst Operator Good day, and welcome to the C. Biz First Quarter twenty twenty five Results Conference Call. All participants will be in listen only mode. Should you need assist ...

Financial Data and Key Metrics Changes - Revenues totaled $968.3 million, a decrease of 7.7% year over year, in line with guidance expectations [31] - Adjusted EBITDA margin was 9.7% for the quarter [8][34] - Net income for the quarter was $20.9 million [34] - Free cash flow totaled $6.6 million, lower than typical due to an increase in Days Sales Outstanding (DSO) [36] Business Line Data and Key Metrics Changes - Revenues from the commercial segment were $672.2 million, a decrease of 8.1% year over year [31] - Assignment revenue totaled $382.1 million, a decrease of 16% year over year [31] - Commercial consulting revenues, the highest margin stream, totaled $290.1 million, an increase of 4.7% year over year [31] - Federal government segment revenues were $296.1 million, a decrease of 6.7% year over year [31] Market Data and Key Metrics Changes - Consulting bookings for the commercial segment were $336.9 million, improving 4.2% compared to the first quarter of 2024 [13] - Book-to-bill ratio was 1.2 times for both commercial and federal segments [12][24] - Contract backlog for the federal government segment was over $3.1 billion, with a coverage ratio of 2.6 times trailing twelve-month revenues [24] Company Strategy and Development Direction - The company aims to nurture long-standing client relationships and expand technology partnerships, focusing on IT modernization and efficiency [11] - The acquisition of TopBloc is expected to enhance solution capabilities and drive future growth [10][42] - The company is committed to providing high-value IT services while maintaining a flexible cost structure [10] Management's Comments on Operating Environment and Future Outlook - Management noted that while macroeconomic uncertainty persists, there is confidence in the company's unique business model and its ability to adapt [41] - Clients remain cautious about increasing IT spending, but demand for AI and data solutions continues to grow [9][15] - The company expects to see improvements in DSO and is cautiously optimistic about future revenue guidance [36][38] Other Important Information - SG&A expenses for the quarter were $214.5 million, including one-time costs related to acquisition and software write-offs [33] - The company repurchased approximately 0.6 million shares at an average price of $78.44, with $478.6 million remaining under the share repurchase authorization [35] Q&A Session Summary Question: Can you characterize bookings across different businesses? - Management indicated a mix of renewal and new work, with renewal being a larger percentage [52] Question: What is the impact of DOGE on the federal business? - The impact has been more on the civilian side rather than defense, with some interruptions in traditional management consulting work [55] Question: How have margins been maintained? - Margins have improved due to a higher mix of consulting work and the addition of capabilities like TopBloc [66] Question: What is the visibility on client projects? - Clients are in a cautious wait-and-see mode regarding new projects, influenced by macroeconomic factors [73] Question: How much did TopBloc contribute to Q1 results? - TopBloc's contribution was immaterial as it was only included for a few weeks in March [78] Question: What is the velocity of adjudications in relation to DOGE? - The velocity of adjudications is less visible, with agencies ensuring alignment on contract decisions [130]

Group 1 - CGI will release its second quarter fiscal year 2025 results on April 30, 2025, before the markets open [1] - The conference call to discuss the results will be hosted by François Boulanger, President and CEO, and Steve Perron, Executive Vice-President and CFO, at 9:00 a.m. (EDT) on the same day [2] - Interested parties can access a replay of the call and the webcast through the company's IR section on its website [3][4] Group 2 - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976 [5] - The company reported revenue of CA$14.68 billion for fiscal year 2024 and employs 91,000 consultants and professionals worldwide [5]

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Huron Consulting (HURN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Huron Consulting is a member of our Business Services group, which includes 272 different companies and currently sits at #7 in ...

Company Performance - Booz Allen Hamilton (BAH) closed at $110.29, reflecting a -1.55% change from the previous session, underperforming the S&P 500's daily loss of 0.17% [1] - Over the last month, BAH shares decreased by 2.87%, which is better than the Business Services sector's loss of 3.14% and the S&P 500's loss of 3.94% [1] Upcoming Earnings - The company is set to release its earnings report on May 23, 2025, with projected EPS of $1.59, indicating a 19.55% increase year-over-year [2] - Revenue is expected to reach $3.02 billion, representing an 8.94% increase compared to the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for BAH suggest a positive outlook regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks BAH at 3 (Hold) [5] Valuation Metrics - BAH has a Forward P/E ratio of 16.18, which is lower than the industry average of 21.74, indicating it may be trading at a discount [6] - The company also has a PEG ratio of 1.16, compared to the Consulting Services industry's average PEG ratio of 1.36 [7] Industry Context - The Consulting Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 24, placing it in the top 10% of over 250 industries [8]

Core Viewpoint - FTI Consulting, Inc. (NYSE: FCN) is set to report its Q1 '25 financial results on April 24 before market opens, with expectations focused on performance indicators and investment strategies for long-term investors [1] Group 1: Company Overview - FTI Consulting is a company that operates in the consulting sector, providing various services that may impact its financial performance [1] Group 2: Investment Strategy - The investment approach discussed emphasizes a long-term horizon, typically between 5 to 10 years, with a preference for a diversified portfolio that includes growth, value, and dividend-paying stocks, although there is a stronger inclination towards value stocks [1]

Core Viewpoint - Booz Allen Hamilton's shares declined significantly following the announcement of $5.1 billion in cuts from the Department of Defense budget, raising concerns about the company's reliance on government contracts [1][2]. Group 1: Financial Impact - The Department of Defense announced $5.1 billion in budget cuts, with $1.8 billion specifically allocated to consulting companies, including Booz Allen [2][3]. - Booz Allen's stock has already decreased by 43% from its pre-election all-time highs, suggesting that some negative expectations may already be reflected in the stock price [3][4]. Group 2: Company Performance - Over the past 12 months, Booz Allen reported $11.8 billion in revenue, growing at a double-digit rate, and had a backlog of $39.4 billion as of January [4]. - The recent cuts, while negative, represent a small fraction of the company's overall business, indicating potential resilience [4]. Group 3: Valuation Perspective - Booz Allen's stock is currently trading at around 16 times earnings, which is lower than the average in the low 20s over the past decade, suggesting it may present a value opportunity [5].

Core Viewpoint - Huron Consulting (HURN) has received a Zacks Rank 1 (Strong Buy) upgrade due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Huron Consulting suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Huron Consulting is expected to earn $7.15 per share, reflecting a 10.5% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Huron Consulting has risen by 3.4%, indicating positive sentiment among analysts [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Huron Consulting's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting strong potential for market-beating returns in the near term [10].

要点 今天！4月11日（周五），下午2点。 请扫 描下方 二 维码观看！ Omdia Omdia隶属于Informa TechTarget, Inc. (纳斯达克代码: TTGT)，是一家专注于技术研究与咨询的机构。 通过深刻的科技市场洞察力和可操作的建议，Omdia帮助组织做出明智的增长决策。 如您想了解更多有 关Omdia的最新研究成果，请浏览Omdia官方网站或通过电子邮件联系我们。 最新信息 如需直接接收媒体通知或详细了解我们的活动、服务或客户研究和咨询能力，请联系我们或者发送电子邮 件press@canalys.com。您还可以点击 "阅读原文"，前往我们的网站阅读更多专业分析报告。媒体引用转 载须注明出处。 业务咨询 Johnny Xie， Canalys 亚太区总监 邮箱：johnny_xie@canalys.com 电话：+86 159 2128 2961 Vincent Chen， Canalys 客户经理 邮箱: Vincent_chen@canalys.com 电话：+86 150 2673 2045 媒体采访 Joyce Liu，Canalys 媒体主管 邮箱: Joyce_Liu@c ...

Company Performance - Booz Allen Hamilton (BAH) closed at $108.07, with a daily increase of +1.29%, underperforming compared to the S&P 500's gain of 9.52% [1] - Over the past month, BAH shares have decreased by 3.04%, which is less severe than the Business Services sector's decline of 12.29% and the S&P 500's drop of 13.47% [2] Upcoming Earnings - Analysts expect Booz Allen Hamilton to report earnings of $1.59 per share, reflecting a year-over-year growth of 19.55% [3] - The consensus revenue estimate is $3.02 billion, indicating an 8.94% increase from the same quarter last year [3] Analyst Estimates - Recent changes in analyst estimates suggest a positive outlook for Booz Allen Hamilton's business operations and profit generation capabilities [4] - The Zacks Rank system, which evaluates these estimate changes, currently assigns BAH a rank of 3 (Hold) [6] Valuation Metrics - Booz Allen Hamilton has a Forward P/E ratio of 15.41, which is lower than the industry average of 19.49, suggesting it is trading at a discount [7] - The company has a PEG ratio of 1.1, compared to the Consulting Services industry's average PEG ratio of 1.29 [8] Industry Ranking - The Consulting Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 32, placing it in the top 13% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]