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, Inc. (NYSE: CBZ) has appointed Richard T. Marabito as an independent director on its Board of Directors, expanding its membership from 10 to 11. Effective August 12, 2021, Marabito, who is currently the CEO of Olympic Steel, will also serve on the Audit Committee. His extensive experience includes 18 years as CFO and over two decades in the public accounting sector. CBIZ Chairman Steven L. Gerard expressed confidence that Marabito's leadership and expertise will benefit the company significantly.
The CBIZ Small Business Employment Index (SBEI) reported a 1.99% increase for July, marking the second consecutive month of growth in hiring among small businesses. The index reflects payroll trends from over 3,600 companies with 300 or fewer employees. Notably, 91,000 jobs were added by small businesses in July, contributing to a total of 330,000 private-sector jobs added. Regional hiring was strongest in the Southeast (3.04%), while the West saw a slight decline (-0.09%). Concerns about virus variants may impact future employment trends.
CBIZ reported strong second-quarter results for 2021, achieving $278.6 million in revenue, a 17.6% increase year-over-year. Growth was fueled by acquired operations, contributing $16.9 million, and a 10.5% rise in same-unit revenue. However, income from continuing operations fell to $8.6 million due to a $30.5 million pretax charge from a settlement. Adjusted EPS rose to $0.50, a 28.2% increase. For 2021, the company raised its revenue growth guidance to 10%-12%, with expectations for adjusted diluted EPS growth of 12%-15%.
CBIZ, Inc. (NYSE: CBZ) will announce its financial results for the second quarter and first half of 2021 on July 29, 2021, before market open. A conference call led by President and CEO Jerry Grisko and CFO Ware Grove is scheduled for 11:00 a.m. ET on the same day, with a live webcast available on the investor relations page. Investors can pre-register for the call to obtain access details. CBIZ provides a range of financial, insurance, and advisory services across the U.S., maintaining over 100 offices in 31 states.
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted increase of 0.34% in June, signaling growth in the small business sector. The index tracks payroll trends for over 3,600 companies with 300 or fewer employees. Notably, hiring rose in the Northeast by 2.77%, while the Southeast and West saw declines. Positive growth was noted in industries like Financial Services and Construction. However, concerns over staffing shortages persist, with 46% of businesses expressing unease. If current trends continue, longer-term growth is anticipated.
CBIZ, Inc. (NYSE: CBZ) announced a settlement agreement regarding a lawsuit filed by the University of Pittsburgh Medical Center, which sought compensatory damages between $124 million and $266 million related to actuarial services. CBIZ will pay a total of $41.5 million, expecting a one-time after-tax charge of approximately $22.8 million, impacting its 2021 earnings per share by about $0.42. The company aims to mitigate risks associated with ongoing litigation, allowing it to refocus on business growth. As of May, CBIZ reported strong cash flows and a healthy balance sheet.
CBIZ (NYSE: CBZ) has published its Q2 2021 Main Street Index, indicating a significant recovery for small and mid-sized businesses post-COVID-19. Business confidence surged by 11%, with 85% of respondents reporting positive outlooks. Revenue growth doubled, rising from 22% in Q1 to 52% in Q2. However, staffing challenges remain, with 46% of businesses expressing hiring concerns. Additionally, 57% of companies confirmed a shift to remote or hybrid work, while nearly half are encouraging employee vaccinations.
CBIZ, Inc. (NYSE: CBZ) has completed its acquisition of Schramm Health Partners, LLC, known as Optumas, effective June 1, 2021. Based in Scottsdale, Arizona, Optumas specializes in actuarial services for state Medicaid programs and generated around $10.9 million in annual revenue. This acquisition is aimed at enhancing CBIZ's government health care consulting services and offering more comprehensive solutions to clients. The leadership of both companies expressed excitement over the strategic combination, which is expected to boost future growth and improve client service delivery.
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted decrease of 0.21% in May, following growth in April. This decline suggests small businesses may be reducing hiring after three months of increases. The Northeast region saw a hiring increase of 0.52%, while the Central, Southeast, and West regions reported declines of -0.28%, -0.39%, and -0.5%, respectively. Industries such as Arts, Entertainment, and Retail experienced hiring growth, while Professional Services and Healthcare faced declines.
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted increase of 3.57% for April, indicating heightened hiring efforts among small businesses. Tracking over 3,500 companies, the SBEI highlights significant employment growth, especially in the Northeast (5.94%) and West (3.97%). The report also notes a gain of 742,000 private-sector jobs and 235,000 new jobs in small businesses. Growth was particularly notable in the Arts and Entertainment, Agriculture, and Food Services sectors. However, future hiring trends may slow as the U.S. fully reopens.
