earnings
confidence high
sentiment positive
materiality 0.75
CBIZ Q1 revenue up 16.1%, GAAP EPS $1.44 (+30.9%), raises full-year outlook to high-end
CBIZ, Inc.
2023-Q1 EPS reported
$1.44
revenue$454,606,000
- Revenue $454.6M, +16.1% YoY; same-unit revenue +10.0%.
- GAAP EPS $1.44 (+30.9%); adjusted EPS $1.46 (+23.7%).
- Adjusted EBITDA $113.3M, +22.0% YoY.
- Acquisition of Somerset CPAs closed Feb 2023, contributing to growth.
- FY2023 guidance: GAAP EPS $2.31-2.36, adjusted EPS $2.36-2.41, revenue growth 8-10%.