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) is a national professional services advisor to middle-market businesses and organizations, and its news flow reflects this broad advisory role. Company announcements regularly highlight developments in accounting, tax, advisory, benefits, insurance, and technology-related services, giving investors and business leaders insight into how CBIZ responds to changing market, regulatory, and workforce conditions.
News about CBIZ often includes leadership appointments and organizational updates that align with strategic priorities. Recent releases have described new roles such as National Leader, Industries, Vice President of Artificial Intelligence, National Leader of Private Client Services, and Chief Investment Officer of CBIZ Investment Advisory Services, LLC. These items illustrate how the company builds capabilities in industry specialization, AI-led transformation, private client advisory, and investment advisory services.
CBIZ also issues research-driven news, such as its Benefits & Insurance Market Outlook, Tax Planning Guide, Mid-Market Pulse survey, and Employee Experience Guide. These reports cover topics like rising healthcare and benefit costs, regulatory shifts, tax law changes, cost pressures, tariffs, financing challenges, AI and automation, and strategies for improving employee experience. Earnings releases and related 8-K filings provide updates on quarterly and year-to-date financial performance, along with commentary from senior leadership on business conditions and outlook.
Visitors to the CBZ news page can use this stream of press releases and analyses to follow how CBIZ addresses middle-market client needs, adapts its service offerings, and manages corporate governance and capital markets communication. For investors, clients, and analysts, the news feed offers a centralized view of the company’s strategic direction, financial reporting, and thought leadership across its core practice areas.
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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.
The CBIZ Small Business Employment Index (SBEI) reported a 0.1% hiring increase in March, signaling a rebound after two months of declines. This index tracks trends among over 3,700 small businesses with 300 or fewer employees. Industries like Arts and Entertainment and Accommodations and Food Services saw significant hiring growth, while the West region recorded a decline of 0.82%. Executive VP Philip Noftsinger highlighted that rising inflation concerns are prompting more hiring as consumer demand increases. The report suggests an improving labor market as seasonal hiring ramps up.
CBIZ, Inc. (NYSE: CBZ) has announced the finalists for its second annual Women Transforming Business Awards, honoring women leaders for their influence in financial strength, innovation, and culture.
The finalists, revealed on International Women’s Day, are recognized for their exceptional leadership and contributions to their organizations. The awards celebration will feature Martha Stewart as a special guest on April 26, 2022.
The CBIZ Small Business Employment Index reported a 0.09% decrease in February, marking an improvement from previous declines. The index tracks payroll trends for over 3,600 small businesses. Despite a reported decline of 96,000 jobs among small firms as per ADP and Moody's, hiring was noted to increase in sectors like Administration, Insurance, and Technology. Regions like the West and Southeast saw slight hiring increases, contrasting declines in the Northeast and Central regions. The economic landscape indicates potential for recovery amid rising inflation concerns.
CBIZ reported strong financial results for Q4 and full-year 2021, with revenues rising 15% to $242.8 million in Q4 and 14.6% to $1.1 billion for the year. However, the company faced a loss from continuing operations in Q4 of $9.6 million, compared to a minimal loss in 2020. Adjusted diluted EPS increased by 16.9% to $1.66. The company made strategic acquisitions, including Marks Paneth, expected to generate $138 million in 2022 revenue. For 2022, CBIZ forecasts revenue growth of 19% to 21%, with fully diluted EPS anticipated to reach $1.89 to $1.93.
The CBIZ Small Business Employment Index reported a 0.95% decrease in hiring for January, reversing December's gains. This index tracks trends for over 3,500 small businesses. The decline is attributed to factors including a surge in omicron cases and typical seasonal hiring patterns. Notably, small businesses shed 144,000 jobs, while the Central and Northeast regions saw the largest declines. In contrast, gains were noted in Mining and Rental and Leasing. The report indicates ongoing challenges for small businesses, with potential for recovery as COVID-19 cases decline.