CBIZ reports Q4 revenue up 11%, full-year GAAP EPS $2.39; guides FY2024 EPS $2.70-$2.75

CBIZ, Inc.

2023-FY EPS reported $2.39 revenue$1,591,194,000

Q4 revenue $327.5M (+11.0%); same-unit revenue up 6.8%; net loss $12.7M vs $11.5M loss a year ago.
Full-year revenue $1,591.2M (+12.7%); GAAP EPS $2.39 (+18.9%); adjusted EPS $2.41 (+13.1%).
2024 outlook: total revenue growth 7-9%; GAAP EPS $2.70-$2.75 (13-15% growth); adjusted EPS $2.70-$2.75.
Acquired EBK CPA firm effective Feb 1, 2024; repurchased 1.3M shares in 2023.
Adjusted EBITDA $223.8M for FY2023, up 17.7% from $190.1M.

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 0.95

CBIZ, Inc. reported three and twelve months ended December 31, 2023 results: revenue $327.5 million (Q4); $1,591.2 million (full year), net income net loss of $12.7 million (Q4); net income of $121.0 million (full year), EPS GAAP EPS $2.39 per diluted share (full year); Adjusted EPS $2.41 per diluted share (full year). Guidance raised.

Period: three and twelve months ended December 31, 2023
Revenue: $327.5 million (Q4); $1,591.2 million (full year)
Net income: net loss of $12.7 million (Q4); net income of $121.0 million (full year)
EPS: GAAP EPS $2.39 per diluted share (full year); Adjusted EPS $2.41 per diluted share (full year)
Guidance: raised
Result: reported results

Exact text from the filing

and advisory services, today announced fourth-quarter and full-year results for the period ended December 31, 2023. For the 2023 fourth quarter, CBIZ recorded revenue of $327.5 million, an increase of $32.5 million, or 11.0%, compared with $295.0 million reported for the same period in 2022. Acquired operations contributed $12.6 million, or 4.2%, to

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Source: SEC EDGAR

accession 0001628280-24-004980

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