CBIZ Q1 revenue $494.3M (+8.7%), GAAP EPS $1.53 (+6.3%), reaffirms FY24 guidance

CBIZ, Inc.

2024-Q1 EPS reported $1.53 revenue$494,297,000

Revenue $494.3M, up 8.7% YoY; same-unit revenue grew 5.9%.
GAAP net income $76.9M ($1.53 diluted EPS); adjusted EPS $1.54, up 5.5%.
Adjusted EBITDA $118.8M, up 4.8% from $113.3M in Q1 2023.
Completed acquisitions of CompuData and EBK in Q1; integration expenses excluded from adjusted measures.
Reaffirms FY24 guidance: GAAP EPS $2.70-$2.75, revenue growth 7-9%.

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 0.99

CBIZ, Inc. reported the first quarter ended March 31, 2024 results: revenue $494.3 million, net income $76.9 million, EPS $1.53 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $494.3 million
Net income: $76.9 million
EPS: $1.53 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

CBIZ, Inc., (NYSE: CBZ) (“CBIZ” or the “Company”), a leading provider of financial, insurance and advisory services, today announced results for the first quarter ended March 31, 2024. For the 2024 first quarter, CBIZ recorded revenue of $494.3 million, an increase of $39.7 million, or 8.7%, compared with $454.6 million reported for the same period in 2023. Acquired operations contributed $12.8 million, or 2.8%, to first-quarter 2024 revenue growth. Same-unit revenue increased by $26.9 million, or 5.9%, for the quarter, compared with the same period a year ago. Net income was $76.9 million, or $1.53 per diluted share, compared with $73.2 million, or $1.44 per diluted share, for the same period a year ago.

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Source: SEC EDGAR

accession 0001628280-24-017907

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