CBIZ(US:CBZ)2024-10-29 21:01Company Overview - CBIZ has more than 120 offices and 6,700 team members serving over 100,000 clients nationwide[6] - The company's revenue breakdown for 2023 includes 73% from financial services and 24% from benefits & insurance services[7] - CBIZ boasts a high client retention rate of approximately 90%[12] Financial Performance & Growth - From 2019 to 2023, CBIZ achieved a revenue Compound Annual Growth Rate (CAGR) of 13.8%[25] - From 2019 to 2023, CBIZ achieved an Adjusted EPS Growth CAGR of 17.6%[25] - Total revenue grew 67.8% from $948.4 million in 2019 to $1,591.2 million in 2023[28] - Adjusted EBITDA increased 86.1% from $120.2 million in 2019 to $223.8 million in 2023[28] 2024 Guidance - The company projects revenue growth of +7% to 9% for 2024[29] - Adjusted diluted EPS is expected to grow +10% to 12% in 2024[29] - The company anticipates a tax rate of approximately 28% for 2024[29]