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) announced a settlement agreement regarding a lawsuit filed by the University of Pittsburgh Medical Center, which sought compensatory damages between $124 million and $266 million related to actuarial services. CBIZ will pay a total of $41.5 million, expecting a one-time after-tax charge of approximately $22.8 million, impacting its 2021 earnings per share by about $0.42. The company aims to mitigate risks associated with ongoing litigation, allowing it to refocus on business growth. As of May, CBIZ reported strong cash flows and a healthy balance sheet.
CBIZ (NYSE: CBZ) has published its Q2 2021 Main Street Index, indicating a significant recovery for small and mid-sized businesses post-COVID-19. Business confidence surged by 11%, with 85% of respondents reporting positive outlooks. Revenue growth doubled, rising from 22% in Q1 to 52% in Q2. However, staffing challenges remain, with 46% of businesses expressing hiring concerns. Additionally, 57% of companies confirmed a shift to remote or hybrid work, while nearly half are encouraging employee vaccinations.
CBIZ, Inc. (NYSE: CBZ) has completed its acquisition of Schramm Health Partners, LLC, known as Optumas, effective June 1, 2021. Based in Scottsdale, Arizona, Optumas specializes in actuarial services for state Medicaid programs and generated around $10.9 million in annual revenue. This acquisition is aimed at enhancing CBIZ's government health care consulting services and offering more comprehensive solutions to clients. The leadership of both companies expressed excitement over the strategic combination, which is expected to boost future growth and improve client service delivery.
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted decrease of 0.21% in May, following growth in April. This decline suggests small businesses may be reducing hiring after three months of increases. The Northeast region saw a hiring increase of 0.52%, while the Central, Southeast, and West regions reported declines of -0.28%, -0.39%, and -0.5%, respectively. Industries such as Arts, Entertainment, and Retail experienced hiring growth, while Professional Services and Healthcare faced declines.
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted increase of 3.57% for April, indicating heightened hiring efforts among small businesses. Tracking over 3,500 companies, the SBEI highlights significant employment growth, especially in the Northeast (5.94%) and West (3.97%). The report also notes a gain of 742,000 private-sector jobs and 235,000 new jobs in small businesses. Growth was particularly notable in the Arts and Entertainment, Agriculture, and Food Services sectors. However, future hiring trends may slow as the U.S. fully reopens.
CBIZ, Inc. (NYSE: CBZ) announced the acquisition of the non-attest assets of Berntson Porter & Company PLLC, effective May 1, 2021. This strategic move aims to establish a presence in the growing Pacific Northwest market, with Berntson Porter being one of the largest accounting firms in the region, generating approximately $26 million in annual revenue. CBIZ's President, Jerry Grisko, highlighted the strong cultural fit and commitment to client service, emphasizing the potential for expanded services and growth opportunities for both firms.
CBIZ, a provider of financial and advisory services, reported Q1 2021 revenues of $300.7 million, an 8.4% increase from Q1 2020. Acquisitions contributed $13.3 million to revenue growth. Income from continuing operations rose to $50.2 million ($0.92 per diluted share), up from $36.9 million ($0.66 per diluted share) year-over-year. Adjusted EBITDA increased to $73.3 million. The company announced the acquisition of Berntson Porter, enhancing its presence in the Pacific Northwest. CBIZ raised its full-year revenue growth guidance to 8%-10% and EPS growth to 12%-15%.
CBIZ, Inc. (NYSE: CBZ) will announce its Q1 2021 financial results on April 29, 2021, before market open. A conference call hosted by President and CEO Jerry Grisko and CFO Ware Grove will be held at 11:00 a.m. ET on the same day. The call will be available via live webcast on the CBIZ investor relations page, with an archived replay following the call. CBIZ is a leading provider of financial, insurance, and advisory services across the U.S., with over 100 offices in 31 states.
CBIZ, Inc. (NYSE: CBZ) has appointed Gretchen A. Farrell as Chief Human Resources Officer. She succeeds Terri Bur, who retired in 2020 after 25 years. Farrell comes from Alternate Solutions Health Network and has held leadership roles at The Orvis Company and Lincoln Electric. Under her guidance, CBIZ aims to enhance employee engagement and foster a values-based culture. The HR function supports over 4,800 employees across 100 offices nationwide. The company emphasizes the importance of talent retention to deliver exceptional services to clients.
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted increase of 0.86% for March, concluding Q1 2021 positively. This growth follows February's hiring progress. Compiling data from over 3,500 small businesses, the SBEI indicated that 26.3% of companies expanded their workforce, while hiring rose notably in the Northeast (1.61%) and West (1.27%). Hiring also grew in Arts and Entertainment and Accommodation and Food Services, despite declines in Mining and Technology sectors. The report highlights resilience in small business hiring amid ongoing pandemic recovery.