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.
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted hiring decrease of -0.25% in November, reversing positive trends from September and October. This decline was anticipated as part of seasonal trends as businesses prepare for the holiday season. Despite this, the ADP and Moody’s report indicated an overall increase of 534,000 private-sector jobs in November, with small businesses contributing 115,000 jobs. The West region experienced strong growth at 3.15%, while the Southeast and Northeast saw minor declines.
The CBIZ Small Business Employment Index (SBEI) showed a seasonally adjusted increase of 1.07% in October, reflecting a positive shift from September's hiring trends. The index monitors employment patterns across over 3,700 small businesses with 300 or fewer employees. Notable hiring occurred primarily in the West (2.09%), Southeast (1.49%), and Northeast (1.35%) regions, with industries like Accommodations and Food Services and Construction leading the gains. However, staffing shortages remain a challenge for 52.8% of small businesses.
CBIZ reported strong financial results for Q3 2021, with revenue of $282.7 million, a growth of 18.6% from Q3 2020. Same-unit revenue increased 8.3%, contributing $19.8 million to growth. Net income was $21.7 million (or $0.41 per diluted share), up from $20.1 million the previous year. For the nine months ended September 30, 2021, revenue reached $862.1 million, reflecting a 14.5% increase. The company anticipates full-year revenue growth between 12% and 15% and adjusted EPS growth of 20% to 24%.
CBIZ, a leading provider of financial, insurance, and advisory services, will announce its financial results for Q3 and the nine-month period ending September 30, 2021, before markets open on October 28, 2021. A conference call hosted by President and CEO Jerry Grisko and CFO Ware Grove will follow at 11 a.m. ET on the same day, available via webcast. The company operates more than 100 offices across 31 states, providing services including accounting, tax, and employee benefits consulting.
The Q3 2021 CBIZ Main Street Index reveals that while small and mid-sized businesses are concerned about the ongoing effects of the COVID-19 pandemic, 64% are not mandating employee vaccinations. Additionally, 31% of businesses express worries about potential tax policy changes, a concern not noted in the previous quarter. Inflation is significantly impacting business confidence, while 12% reported experiencing a cyberattack. Notably, nearly 28% of businesses are proactively improving their supply chain management in response to increasing disruptions.
The CBIZ Small Business Employment Index reported a 0.21% increase in small business hiring for September, reversing August's decline. This positive growth comes amid ongoing Delta variant concerns, providing insight into trends for companies with 300 or fewer employees. Notably, 22% of surveyed companies expanded employment while 52% made no changes and 26% reduced staffing. Regional hiring varied, with the West seeing a 2.34% increase, while the Northeast experienced a -0.51% decline. Looking ahead, CBIZ anticipates potential seasonal growth despite emerging challenges.
The CBIZ Small Business Employment Index (SBEI) reported a 1.79% decrease in hiring for August, reversing previous growth. The index, tracking over 3,600 small businesses, highlights challenges amid COVID-19 surges and labor shortages. The Central region experienced the largest decline at -2.52%. Although small businesses only accounted for 86,000 new jobs in the ADP report, the broader economic environment indicates difficulties for small businesses, complicating recovery efforts.
CBIZ, Inc. (NYSE: CBZ) has acquired the non-attest assets of Shea Labagh Dobberstein (SLD), enhancing its service offerings in Northern California. This acquisition, effective September 1, 2021, adds SLD’s 95 employees and approximately $30 million in annual revenue to CBIZ's portfolio. CBIZ aims to expand its brand presence on the West Coast through this partnership. Both firms emphasize a cultural fit focused on client service, with expected growth opportunities for clients and staff alike.
CBIZ, a prominent provider of financial, insurance, and advisory services, will host a virtual Investor Day on September 14, 2021, from 10:00 a.m. ET to 12:00 p.m. ET. The event commemorates the company's 25th anniversary and will feature discussions on its strategy, financial performance, and outlook by senior leadership, including the CEO and CFO. Investors can preregister for the event on the company's website, and a webcast will be available for viewing. A replay will also be accessible after the event.
