secwatch.observer — SEC 8-K summary
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Issuer:     CBIZ, Inc. (CBZ)
CIK:        0000944148
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001628280-23-025860
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944148/000162828023025860/0001628280-23-025860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944148/000162828023025860/cbz-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025860

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer