CBIZ Q2 revenue up 10.1% but EPS down 11.7%; raises full-year revenue guidance to 10-12%

CBIZ, Inc.

2023-Q2 EPS reported $1.98 revenue$853,108,000

Q2 revenue $398.5M (+10.1% YoY); same-unit revenue +4.1%; GAAP EPS $0.53 (down 11.7%).
Adjusted EPS $0.55 (down 12.7%); Adjusted EBITDA $54.4M (down 2.3%).
First-half revenue $853.1M (+13.2%); GAAP EPS $1.98 (+16.5%); Adjusted EPS $2.01 (+11.0%).
Raised FY 2023 revenue growth guidance to 10-12% (from 8-10%); maintained EPS guidance.
Completed 3 strategic acquisitions and 2 tuck-ins in H1; share repurchases of ~1.0M shares.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CBIZ, Inc. reported Second quarter ended June 30, 2023; six months ended June 30, 2023 results: revenue $398.5 million for Q2 2023; $853.1 million for first half 2023, net income $26.9 million for Q2 2023; $100.0 million for first half 2023, EPS $0.53 per diluted share for Q2 2023; $1.98 per diluted share for first half 2023. Guidance raised.

Period: Second quarter ended June 30, 2023; six months ended June 30, 2023
Revenue: $398.5 million for Q2 2023; $853.1 million for first half 2023
Net income: $26.9 million for Q2 2023; $100.0 million for first half 2023
EPS: $0.53 per diluted share for Q2 2023; $1.98 per diluted share for first half 2023
Guidance: raised
Result: reported results

Exact text from the filing

CBIZ REPORTS SECOND-QUARTER AND FIRST-HALF 2023 RESULTS AND RAISES FULL-YEAR 2023 REVENUE GUIDANCE

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CBIZ, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-025860

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