Cbiz Inc Stock Price, News & Analysis

CBIZ Human Capital Management has achieved Nacha Certification for compliance within the Automated Clearing House (ACH) Network. This certification highlights their commitment to maintaining high standards in payroll fund movement. Jim King, President of CBIZ HCM, emphasized the importance of ACH compliance due to the volume of transactions they process annually. The certification not only reflects their dedication but also positions CBIZ HCM as a trusted third-party sender in the ACH Network. CBIZ, a significant player in financial and advisory services, continues to enhance its offerings across the U.S. with a focus on human capital success.

The CBIZ Small Business Employment Index reported a seasonally adjusted hiring increase of 0.84% in December, reversing previous declines. This trend reflects a potential recovery for small businesses, with 24% of surveyed companies increasing staff. However, December's hiring pace was weaker than expected for the holiday season, correlating with disappointing retail sales. The overall private-sector job growth was strong, adding 223,000 jobs nationwide, yet the unemployment rate remained stable at 3.5%. Significant hiring rises were observed in Healthcare, Non-Profit, and Wholesale Distribution.

CBIZ, Inc. (NYSE: CBZ) has appointed Elizabeth Newman as the Chief Administrative Officer and Chief Human Resources Officer effective December 1, 2022. Newman, previously Interim CHRO and Chief of Staff, is set to oversee administrative functions and lead HR initiatives. With extensive experience in organizational transformation, she aims to enhance CBIZ's operational efficiency and cultural development. CBIZ, a significant provider of financial and advisory services with over 6,600 employees, continues its commitment to growth and innovation.

Olympic Steel Inc. (Nasdaq: ZEUS) announced that CEO Richard T. Marabito has been awarded the 2022 Service Center Executive of the Year by Metal Center News. This annual honor, presented to individuals exemplifying service center excellence, marks the second recognition for Olympic Steel's leadership. Under Marabito's tenure since 2019, the company has seen substantial growth in revenue and operations. His leadership is acknowledged for transforming Olympic Steel and advancing the industry through his role as Chairman of the Metals Service Center Institute.

CBIZ, Inc. (NYSE: CBZ) reported a strong third quarter with a 28.5% increase in total revenue, reaching $363.3 million. Year-to-date, total revenue climbed 29.6%, totaling $1,116.9 million. The company saw 12.3% same-unit revenue growth and an impressive 29.3% rise in GAAP EPS. For 2022, CBIZ raised its revenue guidance to 26%-28% and GAAP EPS growth expectations to 48%-51%. Acquisitions contributed significantly to growth, with a 16.2% increase in Q3 revenues. The firm actively repurchased shares, indicating confidence in its performance.

CBIZ, Inc. (NYSE: CBZ) released the Q4 2022 CBIZ Main Street Index, highlighting a challenging economic outlook for small and mid-sized businesses (SMBs). Despite 81% of owners anticipating a recession, 71% remain optimistic about their ability to adapt. Key concerns include inflation (76%) and staffing shortages (23%). The Business Confidence Study score rose to 67, indicating resilience among businesses. Notably, 62% face impacts from employee turnover, prompting actions to enhance compensation and benefits.

CBIZ, Inc. (NYSE: CBZ) will announce its third-quarter and nine-month 2022 financial results on October 27, 2022, prior to market opening. A conference call led by President and CEO Jerry Grisko and CFO Ware Grove will take place at 11 a.m. ET the same day. The call will be available for live streaming on the CBIZ investor relations page, with an archived replay accessible afterwards. CBIZ is a leading provider of financial, insurance, and advisory services across the U.S., operating over 100 offices nationwide.

CBIZ, Inc. (NYSE: CBZ) has announced the promotion of Bob Batz to Senior Managing Director of the Tampa Bay, Florida office. With over 20 years of experience at CBIZ, Batz will lead 150 professionals and direct strategic initiatives for the local office while focusing on providing tailored solutions to clients across various industries. His leadership follows the tenure of Bill Tapp, who expressed confidence in Batz's ability to navigate changes in the profession and enhance client satisfaction.