earnings
confidence high
sentiment positive
materiality 0.80
CBIZ Q3 revenue +18.6% to $282.7M; raises FY 2021 guidance on strong demand and acquisitions
CBIZ, Inc.
2021-Q3 EPS reported
$1.50
revenue$862,097,000
- Q3 revenue $282.7M, up 18.6% YoY; same-unit revenue +8.3%; GAAP EPS $0.41 (+13.9%).
- Nine-month Adj EPS $1.84, +30.5% YoY; Adj EBITDA $153.5M, +20.9%.
- FY 2021 guidance raised: revenue growth 12-15%, adj EPS growth 20-24% over prior $1.42.
- Completed 5 YTD acquisitions, including SLD (San Francisco), aggregate ~$72M annual revenue.
- Repurchased ~2.96M shares YTD through Oct 26; credit facility balance $190.2M.