Highest-materiality recent filing
Grant Thornton to acquire CBIZ for $5.0B; Q2 EPS down 53%
Grant Thornton (backed by New Mountain Capital) to acquire CBIZ in all-cash deal, enterprise value $5.0B, or $55.00 per share.
CBIZ discloses material weaknesses, rescission offer for ESPP over-issuance of 481K shares
Up to 481,049 shares purchased in excess of ESPP authorization from Oct 2023 to Apr 2026; voluntary rescission offer with potential payments up to ~$20.2M.
CBIZ to be acquired for $55.00 per share in cash; $5.2B financing committed
Merger consideration of $55.00 per share in cash; Board unanimously approved and recommends adoption.
CBIZ Q1 revenue up 1.3%, net income +31.6%; raises FY adjusted EPS outlook to $4.00-$4.10
Total revenue $849M (+1.3% YoY); Financial Services revenue up 2.1%.
CBIZ reports FY 2025 revenue $2.8B (+52%), adj. EPS $3.61 (+80%); guides FY 2026 higher
Full year total revenue $2.8B, up 52.1%; GAAP EPS $1.83 (+134.6%); adjusted EPS $3.61 (+79.6%).
CBIZ Q3 revenue $693.8M (+58.1%); adjusted EPS $1.01 (+8.5%); guides FY adj. EPS $3.60-3.65
Total revenue $693.8M, up 58.1% YoY; net income $30.1M, down 14.1%; GAAP EPS $0.48, down 31.4%.
CBIZ reports Q2 2025 revenue $683.5M (+62.7% YoY), adj. EPS $0.95 (+63.8%)
Revenue $683.5M (+62.7% YoY); net income $41.9M (+111.9%); GAAP EPS $0.66 (+69.2%).
CBIZ Q1 revenue up 69.5%, adjusted EPS $2.29; full-year guidance $2.8-2.95B
Total revenue $838M (+69.5% YoY); net income $122.8M (+59.7%); GAAP diluted EPS $1.91 (+24.8%).
CBIZ Q4 revenue up 40.5% on Marcum acquisition; 2025 adjusted EPS guidance $3.60-$3.65
Q4 revenue $460.3M (+40.5% YoY); same-unit revenue up 6.4%; Marcum acquisition closed Nov 1, 2024.
CBIZ names Brad Lakhia as next CFO, succeeding retiring Ware Grove effective March 17, 2025
Brad Lakhia appointed SVP & CFO effective March 17, 2025; Ware Grove retiring after 24 years.
CBIZ completes $2.2B Marcum non-attest acquisition; pro forma revenue $2.7B
Aggregate consideration $2.2B, with $1.1B cash and ~14.3M shares of CBIZ common stock (valued at $76.84/sh).
CBIZ closes $2.3B acquisition of Marcum’s non-attest business, expects ~$2.8B combined revenue
Total consideration $2.3B: $637.6M cash to partners, $425.5M for obligations, plus 14.26M shares.
CBIZ Q3 revenue $438.9M (+6.9%), adjusted EPS $0.84 (+27%), reaffirms FY guidance
Revenue $438.9M (+6.9%), same-unit up 5.1%; net income $35.1M (+4.2%).
CBIZ shareholders approve stock issuance for Marcum LLP acquisition
Special Meeting held Oct 23, 2024; 89.2% of shares represented.
CBIZ agrees to buy Marcum in $2.3B cash-and-stock deal; Q4 2024 close
Total consideration ~$2.3B: ~$1.1B cash + ~14.4M shares at $76.84; expected close Q4 2024 subject to approvals.
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.
CBIZ Q1 revenue $494.3M (+8.7%), GAAP EPS $1.53 (+6.3%), reaffirms FY24 guidance
Revenue $494.3M, up 8.7% YoY; same-unit revenue grew 5.9%.
CBIZ reports Q4 revenue up 11%, full-year GAAP EPS $2.39; guides FY2024 EPS $2.70-$2.75
Q4 revenue $327.5M (+11.0%); same-unit revenue up 6.8%; net loss $12.7M vs $11.5M loss a year ago.
Board authorized up to 5M shares in open market, privately negotiated, or 10b5-1 plans through March 31, 2025.
CBIZ Q3 2023 revenue $410.5M (+13%), GAAP EPS $0.67 (+26.4%), reaffirms FY guidance
Total revenue $410.5M (+13% YoY); same-unit revenue +8.3%. Net income $33.7M, GAAP diluted EPS $0.67 vs $0.53.
CBIZ Q2 revenue up 10.1% but EPS down 11.7%; raises full-year revenue guidance to 10-12%
Q2 revenue $398.5M (+10.1% YoY); same-unit revenue +4.1%; GAAP EPS $0.53 (down 11.7%).
CBIZ Q1 revenue up 16.1%, GAAP EPS $1.44 (+30.9%), raises full-year outlook to high-end
Revenue $454.6M, +16.1% YoY; same-unit revenue +10.0%.
CBIZ reports record FY2022 revenue of $1,412M (+27.8%); GAAP EPS $2.01 (+52.3%)
Q4 revenue $295.0M (+21.5%); same-unit revenue +10.1%.
CBIZ reports Q3 revenue up 28.5%, EPS up 29.3%; raises full-year guidance
Revenue $363.3M, up 28.5% total and 12.3% same-unit vs Q3 2021.
CBIZ Q2 revenue up 29.9%, GAAP EPS $0.60; raises full-year guidance
Q2 revenue $362.0M (+29.9% YoY); same-unit +11.4%. GAAP EPS $0.60 vs $0.16; adjusted EPS $0.63 vs $0.50.
CBIZ Q1 revenue up 30.3%, GAAP EPS $1.10, adj. EPS $1.18, reaffirms FY guidance
Total revenue $391.7M (+30.3% YoY); same-unit revenue up 9.6%; acquisitions contributed 20.7%.
CBIZ non-executive Chairman Steven L. Gerard dies unexpectedly; Board appoints interim lead
Steven L. Gerard, non-executive Chairman and board member since 2002, passed away on April 12, 2022.
CBIZ reports Q4 revenue up 15% to $242.8M; FY adj. EPS +16.9%; guides FY22 adj. EPS $1.99-$2.03
Full-year 2021 revenue $1,104.9M (+14.6%); same-unit revenue +7.7%.
CBIZ acquires Marks Paneth LLP for $81.25M cash plus earnout; adds $138M revenue
Purchase price ~$81.25M cash at closing plus earnout up to $75.25M (cash & stock) based on performance.
CBIZ Q3 revenue +18.6% to $282.7M; raises FY 2021 guidance on strong demand and acquisitions
Q3 revenue $282.7M, up 18.6% YoY; same-unit revenue +8.3%; GAAP EPS $0.41 (+13.9%).
CBIZ Q2 rev up 17.6%, adj EPS up 28.2%; raises FY revenue guidance to 10-12% growth
Revenue $278.6M (+17.6% YoY); same-unit revenue +10.5%. Adjusted EPS $0.50 (+28.2%).
On January 15, 2025, the Board of Directors (the "Board") of CBIZ, Inc. (the "Company") expanded the number of its directors to ten and appointed Ms. Kathy A. Raffa to serve as an independent director.
Directors Joseph S. DiMartino and Sherrill W. Hudson gave notice on March 16, 2023 of their intention to retire from the Board of Directors of CBIZ, Inc. effective at the expiration of their current terms on May 10, 2023.
Directors Joseph S. DiMartino and Sherrill W. Hudson gave notice on March 16, 2023 of their intention to retire from the Board of Directors of CBIZ, Inc. effective at the expiration of their current terms on May 10, 2023.
Effective February 6, 2023, the Board of CBIZ, Inc. (the “Company”) expanded the number of its directors to eleven and appointed Mr. Rodney A. Young to serve as an independent Director of CBIZ, Inc.
It is with great sadness and regret that CBIZ, Inc. announces that Steven L. Gerard, its non-executive Chairman of the Board and a board member since October of 2002, passed away unexpectedly on April 12, 2022
Effective August 12, 2021, the Board of CBIZ, Inc. (the “Company”) expanded the number of its directors to eleven and appointed Mr. Richard T. Marabito to serve as an independent Director of CBIZ, Inc.
Max materiality 1.00 · Median 0.75 · Most common event earnings