secwatch.observer — SEC 8-K summary
======================================

Issuer:     CBIZ, Inc. (CBZ)
CIK:        0000944148
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001628280-24-033643
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBIZ Q2 revenue up 5.4% to $420M; announces $2.3B Marcum acquisition
--------------------------------------------------------------------

- GAAP EPS $0.39, down 26.4% YoY; adjusted EPS $0.50, down 9.1% including $6.7M Marcum deal costs.
- Same-unit revenue grew 2.8% in Q2; P&C business departure cost $0.03 adjusted EPS.
- Agreed to acquire Marcum LLP for ~$2.3B (cash+stock); expected close Q4 2024; combined revenue ~$2.8B.
- 2024 guidance: GAAP EPS $2.53-$2.58; adjusted EPS $2.64-$2.69; revenue growth 7%-9%.
- Balance sheet: $381M drawn on credit facility; $209.8M unused capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944148/000162828024033643/0001628280-24-033643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944148/000162828024033643/cbz-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033643

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