Welcome to our dedicated page for Cbiz news (Ticker: CBZ), a resource for investors and traders seeking the latest updates and insights on Cbiz stock.
Overview
CBIZ Inc (CBZ) is a premier professional services firm specializing in accounting, tax advisory, and comprehensive financial services. Recognized for its expertise in providing business and employee solutions, CBIZ has established itself as a trusted advisor to middle-market businesses and organizations nationwide. With a strong emphasis on accuracy and client-centric strategies, the company integrates deep industry knowledge with actionable insights to help clients optimize their financial and human capital management.
Core Business Areas
At its core, CBIZ Inc delivers a broad spectrum of professional services that include:
- Financial Services: Accounting, tax, financial advisory, transaction services, government health care consulting, risk advisory, and valuation services form the backbone of this segment. These services are designed to help clients manage financial operations efficiently while ensuring compliance and strategic growth.
- Benefits and Insurance Services: As one of the nation’s largest brokers for employee benefits and property & casualty insurance, the company offers customized solutions such as retirement plan consulting, payroll services, life and disability insurance, and human resources consulting. These services empower clients to manage their workforce benefits with precision.
- National Practices: This practice group aggregates specialized services including real estate consulting, specialized advisory services, and executive recruitment. These offerings are tailored to meet the nuanced needs of various sectors, ensuring comprehensive support for business operations.
Market Position and Competitive Landscape
CBIZ Inc stands out in the competitive landscape by leveraging its diversified service model and extensive geographical presence. With offices spanning multiple states, the company has positioned itself as a vital resource for businesses across sectors such as banking and financial services, commercial real estate, construction, health care, manufacturing, non-profit organizations, education, technology, and life sciences. The firm's unique combination of multifaceted expertise and a high rate of recurring revenue underscores its resilience in a dynamic market environment. Despite operating in a fragmented industry, CBIZ differentiates itself through its integrated approach, providing end-to-end solutions rather than siloed offerings.
Expertise and Industry Insight
The company is noted for its precise analytical approach and deep industry insights. CBIZ’s team of professionals, known for its extensive experience in areas such as risk analytics and financial forecasting, provides clients with robust, data-driven strategies that address both daily operational requirements and long-term strategic needs. This expertise is not limited to traditional financial and accounting services; it extends into employee benefits consulting, government health care advisory, and a diverse array of consulting services aimed at helping clients navigate challenging economic landscapes.
Client-Centric Approach and Operational Excellence
A significant aspect of CBIZ Inc’s identity is its commitment to personalized, client-centric service. The firm employs an approach that is both consultative and collaborative, ensuring that clients receive tailored solutions that align with their unique business needs. This methodical approach enables clients to streamline their operations, mitigate risks, and enhance overall organizational performance. By maintaining high standards of quality and accountability, CBIZ fosters long-lasting relationships built on trust and mutual success.
National Reach and Capabilities
With an expansive network of offices and a presence in diverse geographic regions of the United States, CBIZ Inc is well-equipped to serve clients nationwide. The company’s operational model is designed to address various scales of business requirements—from localized support to national strategic planning. Its robust infrastructure allows it to efficiently manage large-scale projects and adapt to regional market trends without compromising on service quality.
Integration of Services and Strategic Value
By consolidating its service offerings into three distinct yet interrelated practice groups, CBIZ Inc ensures that clients benefit from a holistic suite of services without facing the challenges of dealing with multiple vendors. This integrated service delivery model not only streamlines client operations but also enhances the overall value proposition. Each service area is anchored by industry-leading expertise and operational proficiency, reinforcing the company’s position as a comprehensive advisor in the professional services domain.
Commitment to Expertise and Continuous Improvement
Central to the company’s philosophy is a commitment to continuous improvement and industry leadership. CBIZ Inc invests in ongoing professional development and technological innovation, which enables it to keep pace with evolving market regulations and emerging trends. This forward-thinking approach has allowed the firm to maintain robust operational performance even in complex and volatile market conditions, ensuring that clients benefit from both proven methodologies and innovative solutions.
Conclusion
In summary, CBIZ Inc (CBZ) is an established professional services provider with an extensive portfolio that spans financial and accounting services, risk management, employee benefits, insurance, and strategic advisory. Its integrated approach, profound industry expertise, and nationwide reach make it a comprehensive and trusted partner for middle-market businesses. By consistently delivering high-quality, customized solutions, CBIZ reinforces its reputation as an authoritative and reliable advisor in an ever-evolving business landscape.
CBIZ (NYSE: CBZ) reported strong growth in Q4 and full-year 2024, highlighted by the completion of its largest-ever acquisition, Marcum LLP, on November 1, 2024. Q4 revenue surged 40.5% to $460.3 million, with same-unit revenue up 6.4%. The Marcum transaction contributed 33.2% to the quarterly growth.
Full-year 2024 revenue reached $1,813.5 million, a 14% increase from 2023's $1,591.2 million. While GAAP EPS was $0.78, adjusted EPS (excluding Marcum transaction impact and integration costs) grew 10.8% to $2.67.
2025 Guidance: CBIZ projects revenue between $2.90-2.95 billion, GAAP EPS of $1.97-2.02, adjusted EPS of $3.60-3.65, and adjusted EBITDA of $450-456 million.
CBIZ (NYSE: CBZ) has announced it will release its financial results for Q4 and full-year 2024 before market open on February 26, 2025. The company will host a conference call at 11 a.m. ET on the same day, featuring President and CEO Jerry Grisko and CFO Ware Grove to discuss the results.
The conference call will be accessible via webcast on CBIZ's investor relations website, with an archived replay available after the call. Investors can register online to receive dial-in information and a unique personal identification number for participation.
CBIZ (NYSE: CBZ) has appointed six new national industry leaders, effective Feb. 1, 2025, as part of its integration with Marcum following their November 2024 merger. The appointments include: Michael Brooder (Technology & Life Sciences), Doug Fahrnow (Professional Services), Seth Goldblum (Private Equity), Julie Jones (Not-For-Profit & Higher Education), Michael Sacco (Consumer & Industrial Products), and Abe Schlisselfeld (Real Estate).
Each leader brings extensive experience in their respective fields, with expertise ranging from 20-30 years. The appointments demonstrate CBIZ's commitment to industry specialization and aim to enhance client service delivery through focused expertise. CEO Jerry Grisko emphasized that these appointments will create an unmatched level of industry expertise for serving clients.
CBIZ (NYSE: CBZ) has appointed Kathy Raffa as an independent director to its Board of Directors, effective January 15, 2025. This appointment follows CBIZ's acquisition of Marcum's non-attest assets, which closed on November 1, 2024.
Raffa brings over 40 years of experience in audit, accounting, and consulting services, primarily in the nonprofit sector. She previously served as President of Raffa, PC, a top 100 accounting firm in Washington, D.C., where she was an Audit Partner for over 25 years. Following Raffa PC's merger with Marcum in 2018, she became Office Managing Partner for Marcum's D.C. region offices until her retirement in October 2023.
Her extensive experience includes working with various nonprofit organizations, and she began her career at Coopers & Lybrand. Raffa is a Wharton School graduate, a CPA licensed in D.C. and Maryland, and currently serves on the Board of Directors of EagleBank and Eagle Bancorp, Inc.
The latest CBIZ-Hofstra University CEO Survey reveals significant concerns among middle-market CEOs regarding tariffs and tax policy uncertainty. 53.2% of CEOs express strong concern over tariffs' financial impact, leading to strategic adjustments: 80.9% consider relocating production, 75.4% may reduce workforce, 72.3% plan to delay investments, and 66.4% explore new supplier options.
Regarding tax policies, 42.6% of CEOs reported moderate benefits from the Tax Cuts and Jobs Act, while 51.9% anticipate positive effects from its extension. The Inflation Reduction Act benefited 43.3% of respondents, though 47.7% reported no tangible gains. Economic concerns remain the top issue for 55.1% of CEOs, followed by talent availability (37.5%) and increasing cybersecurity concerns. CEO optimism rebounded to 45.0% in December from 34.5% in September.
The CBIZ Commercial Construction Index for Q3 2024 shows continued momentum in the construction industry, driven primarily by infrastructure and manufacturing megaprojects. Manufacturing construction spending remains high due to federal incentives and reshoring efforts. While residential construction activity has slowed in 2024, it remains above pre-pandemic levels.
The construction sector demonstrated strong employment growth, adding jobs for five consecutive months through October, hiring at twice the rate of the broader economy. Material prices have helped contain construction costs, though future trade policies could impact input prices. Despite Federal Reserve rate cuts, borrowing costs remain high with tight lending standards.
The CBIZ Small Business Employment Index (SBEI) reported a 0.83% seasonally adjusted decrease in November, marking the third consecutive month of declines. The index, which tracks payroll data for over 2,800 companies with 300 or fewer employees, reveals concerning trends in small business employment.
Regional data shows the West region grew by 1.57%, while other regions experienced declines: Southeast (-2.06%), Central (-0.51%), and Northeast (-0.49%). Among industries, 16 out of 25 sectors reported job losses, with Administrative and Support Services, Financial Services, and Not-for-Profit leading the decreases. Only Agriculture, Fishing and Hunting, Mining, and Transportation showed growth.
The November breakdown shows 18% of companies increased staffing, 63% maintained current levels, and 19% reduced employment totals.
CBIZ has appointed Brad Lakhia as its next Senior Vice President and Chief Financial Officer, effective March 17, 2025. Lakhia will succeed Ware H. Grove, who is retiring after 24 years in the role. Lakhia brings nearly 30 years of experience in finance leadership, including roles at OPENLANE and Goodyear Tire & Rubber Company. His expertise spans capital markets, M&A, treasury, financial planning, and operational finance. The transition comes after CBIZ's recent acquisition of Marcum, which was the largest transaction in the company's history.
The CBIZ Small Business Employment Index (SBEI) reported a 0.58% seasonally adjusted decrease in October, marking the second consecutive month of decline. The index, tracking over 2,800 companies with 300 or fewer employees, shows that 18% increased staffing, 61% maintained levels, and 21% reduced employment. Regionally, only the West (+1.69%) saw growth, while Central (-0.95%), Southeast (-0.57%), and Northeast (-0.22%) experienced declines. Industries showing growth included Insurance, Technology and Life Sciences, and Transportation, while Construction, Real Estate, and Rental and Leasing Services reported losses. The CBIZ Main Street Index revealed 51% of SMB owners are evaluating staff levels due to economic conditions.
CBIZ has completed the acquisition of Marcum LLP's non-attest business in a cash-and-stock transaction valued at approximately $2.3 billion. The combined entity will have expected annualized revenue of $2.8 billion, making CBIZ the largest full-service professional services advisor in the U.S. serving middle-market businesses. The company will now have over 10,000 team members offering accounting, tax, advisory, benefits, insurance, and technology services. Concurrent with this transaction, CBIZ CPAs acquired Marcum's attest business. The acquisition is expected to be accretive in 2025, with an estimated 10% contribution to Adjusted earnings per share.
FAQ
What is the current stock price of Cbiz (CBZ)?
What is the market cap of Cbiz (CBZ)?
What does CBIZ Inc specialize in?
Which industries does CBIZ serve?
How is CBIZ’s business model structured?
What geographic regions does CBIZ cover?
How does CBIZ generate its revenue?
What differentiates CBIZ from competitors?
How does CBIZ approach client engagement?
Does CBIZ offer employee benefits services?
