earnings
confidence high
sentiment positive
materiality 0.75
CBIZ Q1 revenue up 30.3%, GAAP EPS $1.10, adj. EPS $1.18, reaffirms FY guidance
CBIZ, Inc.
2022-Q1 EPS reported
$1.10
revenue$391,722,000
- Total revenue $391.7M (+30.3% YoY); same-unit revenue up 9.6%; acquisitions contributed 20.7%.
- GAAP diluted EPS $1.10 (+19.6%); adjusted diluted EPS $1.18 (+28.3%), excluding Marks Paneth integration costs.
- Adjusted EBITDA $92.9M (+26.7%); income from continuing ops $58.1M (+15.8%).
- Repurchased ~148K shares in Q1, plus 170K in April; $94.8M unused credit facility at March 31.
- FY 2022 guidance reaffirmed at high end: GAAP EPS $1.89-$1.93, adjusted EPS $1.99-$2.03.