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, a prominent provider of financial, insurance, and advisory services, will announce its Q3 and nine-month financial results for 2020 on October 29, 2020, before market opening. 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. Interested investors can pre-register for the call through CBIZ's website. Headquartered in the U.S., CBIZ offers a range of services, positioning itself as a leading accounting and insurance brokerage provider.
CBIZ's Main Street Index reveals that over 43% of small to mid-sized U.S. businesses suffered significant impacts from COVID-19. The survey, spanning over 1,600 businesses, shows that 51% reported decreased sales, and nearly 85% utilized the Payroll Protection Program. Smaller firms, especially those with 1-4 employees, were hit hardest, with 48% facing severe challenges. Despite this, over 40% plan to increase marketing spending, indicating a willingness to invest amid uncertainty.
The CBIZ Small Business Employment Index reported a 1.5% increase in hiring for September, marking a surprise growth as businesses typically reduce headcounts during this month. This positive trend reflects a broader economic recovery despite challenges. The report, which analyzes data from over 3,400 small businesses, highlighted growth across all four U.S. regions, with the Central region leading at 1.55%. However, certain industries such as Real Estate and Retail saw declines in hiring.
CBIZ raised over $83,000 during its first-ever virtual fundraising campaign for Dress for Success, more than double the amount from the previous year. The initiative, organized by CBIZ Women's Advantage, saw participation from over 800 employees. Funds will support 46 Dress affiliates across the U.S. amid challenges from the COVID-19 pandemic. Approximately 80% of affiliates reported client layoffs, highlighting the financial hardships faced by women in the workforce. CBIZ's ongoing partnership with Dress for Success has contributed over $585,000 since 2008.
CBIZ, Inc. (NYSE: CBZ) announced the acquisition of assets from ARC Consulting LLC and ARC Placement Group LLC, effective September 1, 2020. ARC, based in San Francisco, specializes in accounting and advisory services for high-growth companies, generating approximately $17.3 million in annual revenue. This acquisition enhances CBIZ's presence in Northern California and expands its service offerings, particularly in IPO advisory and reporting. Both companies aim to leverage this partnership for broader national service delivery and client growth.
CBIZ, Inc. (NYSE: CBZ) appointed A. Haag Sherman as an independent director, effective August 6, 2020, filling the vacancy left by Donald V. Weir's retirement. Sherman brings extensive business and financial expertise, particularly in wealth management and accounting, and will serve on the Audit Committee. His background includes being CEO of Tectonic Financial and co-founding an asset management firm. CBIZ's Board now comprises 10 members, with eight independent directors, enhancing its governance structure and decision-making capabilities.
CBIZ, Inc. (NYSE: CBZ) reported its second-quarter and first-half results for 2020. Total revenue increased by 0.6% to $236.9 million compared to 2019, while same-unit revenue decreased by 1.4%. EPS from continuing operations rose by 30% to $0.39. For the first half, revenue grew 1.8% to $514.4 million, with same-unit revenue down by 0.1%. Adjusted EBITDA increased by 24.7% for the second quarter and 7.4% for the first half. The company also repaid $210 million of borrowed funds, maintaining strong liquidity with $270 million in unused financing capacity.
CBIZ, Inc. (NYSE: CBZ) will report its financial results for the second quarter and first half of 2020 on Thursday, July 30, 2020, before market opening. A conference call will follow at 11:00 a.m. ET, hosted by CBIZ President Jerry Grisko and CFO Ware Grove. Interested investors can pre-register online to receive dial-in information. CBIZ is a prominent provider of financial and advisory services across the U.S., operating over 100 offices in 31 states, focusing on a range of services including accounting, tax, and employee benefits.
CBIZ, Inc. (NYSE: CBZ) announced the acquisition of substantially all assets of Prince-Wood Insurance, L.L.C. (PWI), effective July 1, 2020. Established in 1967, PWI specializes in property and casualty insurance for small and mid-sized businesses in Northern and Central Virginia, Maryland, and Washington, DC, generating approximately $1.2 million in annual revenue. CBIZ aims to enhance its property and casualty insurance business through this acquisition, emphasizing PWI's long-standing local presence and client relationships.
CBIZ, a prominent provider of financial, insurance, and advisory services, announced that CEO Jerry Grisko and CFO Ware Grove will present at the CJS Securities 20th Annual New Ideas Summer Conference on July 14, 2020, at 10:45 AM EST. The event will be held virtually, and the presentation can be accessed live on the CBIZ investor relations page. A replay will be available shortly after the event. CBIZ operates over 100 offices across 31 states, offering a wide range of services including accounting, insurance, and employee benefits.
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?
