secwatch.observer — SEC 8-K summary
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Issuer:     CBIZ, Inc. (CBZ)
CIK:        0000944148
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001628280-25-007979
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBIZ Q4 revenue up 40.5% on Marcum acquisition; 2025 adjusted EPS guidance $3.60-$3.65
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- Q4 revenue $460.3M (+40.5% YoY); same-unit revenue up 6.4%; Marcum acquisition closed Nov 1, 2024.
- Full-year revenue $1,813.5M (+14.0%); GAAP EPS $0.78; adjusted EPS $2.67 (+10.8%).
- 2025 outlook: revenue $2.90-2.95B, GAAP EPS $1.97-2.02, adjusted EPS $3.60-3.65, adjusted EBITDA $450-456M.
- New $2.0B credit facility entered; outstanding debt $1,420.9M at Dec 31, 2024.
- CEO cites strong momentum and accelerated integration of Marcum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944148/000162828025007979/0001628280-25-007979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944148/000162828025007979/cbz-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-007979

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