earnings
confidence high
sentiment positive
materiality 0.75
CBIZ reports Q4 revenue up 15% to $242.8M; FY adj. EPS +16.9%; guides FY22 adj. EPS $1.99-$2.03
CBIZ, Inc.
2021-FY EPS reported
$1.32
revenue$1,104,925,000
- Full-year 2021 revenue $1,104.9M (+14.6%); same-unit revenue +7.7%.
- GAAP diluted EPS $1.32, down 7.0% YoY due to $30.5M UPMC settlement charge.
- Adjusted diluted EPS $1.66, up 16.9%; adjusted EBITDA $148.5M (+12.4%).
- Acquired Marks Paneth in Jan 2022, adding ~$138M annual revenue; expects $0.10 EPS contribution in 2022.
- FY22 guidance: revenue +19-21%; GAAP EPS $1.89-$1.93; adjusted EPS $1.99-$2.03.