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.
CBIZ, Inc. (NYSE: CBZ) has announced the opening of nominations for its second-annual Women Transforming Business Award, aimed at honoring women leaders who have significantly impacted their organizations. The award, part of CBIZ Women’s Advantage (CWA), recognizes contributions in financial, cultural, or innovative domains. Nominations will close on January 31, 2022, with finalists revealed on International Women’s Day, March 8, 2022. The winners will be announced in a virtual event at the end of April 2022, further emphasizing CBIZ's support for women in business.
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted hiring decrease of -0.25% in November, reversing positive trends from September and October. This decline was anticipated as part of seasonal trends as businesses prepare for the holiday season. Despite this, the ADP and Moody’s report indicated an overall increase of 534,000 private-sector jobs in November, with small businesses contributing 115,000 jobs. The West region experienced strong growth at 3.15%, while the Southeast and Northeast saw minor declines.
The CBIZ Small Business Employment Index (SBEI) showed a seasonally adjusted increase of 1.07% in October, reflecting a positive shift from September's hiring trends. The index monitors employment patterns across over 3,700 small businesses with 300 or fewer employees. Notable hiring occurred primarily in the West (2.09%), Southeast (1.49%), and Northeast (1.35%) regions, with industries like Accommodations and Food Services and Construction leading the gains. However, staffing shortages remain a challenge for 52.8% of small businesses.
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CBIZ reported strong financial results for Q3 2021, with revenue of $282.7 million, a growth of 18.6% from Q3 2020. Same-unit revenue increased 8.3%, contributing $19.8 million to growth. Net income was $21.7 million (or $0.41 per diluted share), up from $20.1 million the previous year. For the nine months ended September 30, 2021, revenue reached $862.1 million, reflecting a 14.5% increase. The company anticipates full-year revenue growth between 12% and 15% and adjusted EPS growth of 20% to 24%.
CBIZ, a leading provider of financial, insurance, and advisory services, will announce its financial results for Q3 and the nine-month period ending September 30, 2021, before markets open on October 28, 2021. A conference call hosted by President and CEO Jerry Grisko and CFO Ware Grove will follow at 11 a.m. ET on the same day, available via webcast. The company operates more than 100 offices across 31 states, providing services including accounting, tax, and employee benefits consulting.
The Q3 2021 CBIZ Main Street Index reveals that while small and mid-sized businesses are concerned about the ongoing effects of the COVID-19 pandemic, 64% are not mandating employee vaccinations. Additionally, 31% of businesses express worries about potential tax policy changes, a concern not noted in the previous quarter. Inflation is significantly impacting business confidence, while 12% reported experiencing a cyberattack. Notably, nearly 28% of businesses are proactively improving their supply chain management in response to increasing disruptions.
The CBIZ Small Business Employment Index reported a 0.21% increase in small business hiring for September, reversing August's decline. This positive growth comes amid ongoing Delta variant concerns, providing insight into trends for companies with 300 or fewer employees. Notably, 22% of surveyed companies expanded employment while 52% made no changes and 26% reduced staffing. Regional hiring varied, with the West seeing a 2.34% increase, while the Northeast experienced a -0.51% decline. Looking ahead, CBIZ anticipates potential seasonal growth despite emerging challenges.
The CBIZ Small Business Employment Index (SBEI) reported a 1.79% decrease in hiring for August, reversing previous growth. The index, tracking over 3,600 small businesses, highlights challenges amid COVID-19 surges and labor shortages. The Central region experienced the largest decline at -2.52%. Although small businesses only accounted for 86,000 new jobs in the ADP report, the broader economic environment indicates difficulties for small businesses, complicating recovery efforts.
CBIZ, Inc. (NYSE: CBZ) has acquired the non-attest assets of Shea Labagh Dobberstein (SLD), enhancing its service offerings in Northern California. This acquisition, effective September 1, 2021, adds SLD’s 95 employees and approximately $30 million in annual revenue to CBIZ's portfolio. CBIZ aims to expand its brand presence on the West Coast through this partnership. Both firms emphasize a cultural fit focused on client service, with expected growth opportunities for clients and staff alike.