CBIZ Q2 revenue up 29.9%, GAAP EPS $0.60; raises full-year guidance

CBIZ, Inc.

2022-Q2 EPS reported $1.70 revenue$753,674,000

Q2 revenue $362.0M (+29.9% YoY); same-unit +11.4%. GAAP EPS $0.60 vs $0.16; adjusted EPS $0.63 vs $0.50.
First-half revenue $753.7M (+30.1%); same-unit +10.5%. Adj. EBITDA $148.6M vs $116.2M.
Raises FY22 guidance: revenue growth 23-25% (prev. 19-21%); adj. EPS growth 25-27% (prev. 20-22%).
Repurchased ~1.1M shares YTD through July 27; credit facility balance $266M.

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