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.
CBIZ Inc (NYSE: CBZ) delivers essential financial, benefits, and advisory services to businesses nationwide. This news hub provides investors and professionals with timely updates on corporate developments, strategic initiatives, and market insights directly from the company.
Access official press releases covering quarterly earnings, leadership appointments, mergers & acquisitions, and regulatory filings. Our curated collection ensures you stay informed about CBIZ’s accounting innovations, employee benefits solutions, and risk advisory services shaping the professional services sector.
Key updates include financial performance data, partnership announcements, and operational expansions across CBIZ’s three core segments: Financial Services, Benefits & Insurance, and National Practices. Bookmark this page for verified information about tax advisory trends, middle-market business strategies, and insurance brokerage developments.
For stakeholders tracking CBIZ’s impact in banking, healthcare, real estate, and technology sectors, this resource offers organized access to critical updates. Visit regularly to monitor how the company’s integrated services address evolving industry challenges and opportunities.
CBIZ (NYSE: CBZ) reported strong first-quarter 2025 results with significant growth across key metrics. Total revenue surged 69.5% to $838.0 million, compared to $494.3 million in Q1 2024. Net income increased 59.7% to $122.8 million ($1.91 per diluted share), up from $76.9 million ($1.53 per diluted share) year-over-year.
The company's Adjusted EBITDA doubled to $237.6 million, while Adjusted net income grew 79.7% to $147.2 million ($2.29 per diluted share). The Marcum integration is proceeding as planned with strong employee and client retention rates.
However, due to economic and geopolitical uncertainties affecting non-recurring service lines, CBIZ revised its 2025 outlook, projecting full-year revenue between $2.8 billion to $2.95 billion, with adjusted EPS expected between $3.60 to $3.65.
CBIZ (NYSE: CBZ) has scheduled its first-quarter 2025 financial results announcement for Thursday, April 24, 2025, before market open. The company will host a conference call at 11 a.m. (ET) on the same day, featuring President and CEO Jerry Grisko and CFO Brad Lakhia to discuss the quarterly performance.
Investors can access the live webcast through the company's investor relations website and register for the call using the provided link. An archived replay will be available after the call concludes.
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.
