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 acquired Stinnett & Associates, a professional advisory firm based in Tulsa, Oklahoma, effective July 1, 2022. Stinnett offers services such as internal audit, cybersecurity reviews, and business continuity, generating approximately $16.4 million in annual revenue. This acquisition aligns with CBIZ's growth strategy by enhancing its advisory services and expanding its client base. The integration of Stinnett's talented workforce and expertise is expected to create new growth opportunities for CBIZ.
The CBIZ Small Business Employment Index (SBEI) reported a 1.91% decrease in May, reversing positive hiring trends from April. This decline affects companies with 300 or fewer employees and reflects rising operational costs and consumer economic pressures. Notably, small businesses accounted for a decline of 91,000 jobs while the overall job market saw an increase of 128,000 private-sector jobs.
The West and Southeast regions experienced the largest hiring drops, and while Professional Services saw gains, other sectors like Manufacturing and Retail faced declines.
CBIZ, Inc. (NYSE: CBZ) has expanded its unsecured credit facility from $400 million to $600 million, extending the maturity date to five years. The agreement also includes a feature allowing lenders to extend an additional $200 million in the future. The company's president highlighted that the growth in revenue has continued into 2022 due to strategic investments in various areas. Since early 2020, CBIZ has made 14 strategic acquisitions and repurchased over 5.5 million shares, equating to about 10 percent of its outstanding shares.
The CBIZ Small Business Employment Index (SBEI) indicated a significant 1.59% increase in April, suggesting positive momentum in the labor market for small businesses. This growth follows two months of hiring increases and reflects strong consumer demand. The index, which monitors trends for over 3,700 small companies, showed broad hiring gains across all U.S. regions, with the Northeast leading at 2.3%. Notably, sectors like Arts and Entertainment saw hiring increases, while Real Estate and Construction faced declines due to rising home prices and materials costs.
CBIZ, Inc. (NYSE: CBZ) recently announced the winners of its second annual Women Transforming Business Award, celebrating women who drive financial, cultural, and innovative change. The event featured a keynote by Martha Stewart, who discussed her business journey. Award winners included Rita Gardner from Melmark Inc for financial strength, Mary Frontczak from Compass Minerals for culture, and Sarah Wovcha from Children’s Dental Services for innovation. This initiative highlights the impact of female leaders on business advancement.
CBIZ, a leading financial services provider, reported strong first-quarter results for 2022. Total revenue surged to $391.7 million, marking a 30.3% increase year-over-year. Income from continuing operations rose to $58.1 million or $1.10 per diluted share, up 15.8%. Adjusted EBITDA climbed 26.7% to $92.9 million. The company’s acquisition of Marks Paneth contributed significantly to growth, with 20.7% of revenue growth attributed to acquired operations. CBIZ reaffirms positive revenue growth outlook of 19% to 21% for the year.
The CBIZ Main Street Index reveals that small to mid-sized businesses are adapting to high inflation, staffing shortages, and supply chain challenges. 64% of businesses cite inflation as their largest burden, with 69% planning price increases. Staffing remains tight, with 52% of businesses concerned about shortages. Despite these challenges, strong consumer demand supports optimism, with fewer companies reporting revenue declines. The survey reflects responses from over 1,400 businesses and marks a shift away from COVID-19 concerns.
CBIZ, Inc. (NYSE: CBZ) will announce its financial results for Q1 2022 on April 28, 2022, before market opening. A conference call to discuss these results will take place at 11 a.m. ET on the same day, featuring President and CEO Jerry Grisko and CFO Ware Grove. Investors can access the live webcast on the CBIZ investor relations page, and an archived version will be available post-call. CBIZ is a prominent provider of financial, insurance, and advisory services in the U.S., operating over 100 offices across 32 states.
CBIZ, Inc. announced the passing of Chairman and former CEO Steven L. Gerard at the age of 76, following a brief illness. Gerard, who joined in 2000, played a pivotal role in the company's growth, with revenue increasing from $546 million to $750 million during his tenure. Under his leadership, CBIZ's stock value surged nearly tenfold, outperforming major indices. He retired as CEO in 2016 but continued as Chairman. Gerard was known for his commitment to company culture and employee development, leaving behind a legacy that includes the Steven L. Gerard Legacy Award.
