earnings
confidence high
sentiment positive
materiality 0.75
CBIZ Q2 rev up 17.6%, adj EPS up 28.2%; raises FY revenue guidance to 10-12% growth
CBIZ, Inc.
2021-Q2 EPS reported
$1.09
revenue$579,378,000
- Revenue $278.6M (+17.6% YoY); same-unit revenue +10.5%. Adjusted EPS $0.50 (+28.2%).
- GAAP EPS $0.16 (down 59%) from $30.5M UPMC settlement charge and $6.4M divestiture gain.
- FY2021 revenue guidance raised to 10-12% growth (from 8-10%); adj. EPS growth 12-15% over $1.42.
- Completed four acquisitions YTD including Optumas, expected to contribute ~$42M annualized revenue.
- Repurchased 2.0M shares in H1; credit facility balance $163.3M with $233.4M unused.