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Mar 31, 2020
CBIZ Q1 2020 Earnings Report
CBIZ's financial performance for the first quarter of 2020 was reported, showing revenue growth and strategic investments yielding benefits, but the COVID-19 pandemic began impacting results in late March.
Key Takeaways
CBIZ reported a revenue increase of 2.8% to $277.5 million for the first quarter of 2020. EPS was $0.66, slightly lower than the prior year's $0.67. The company withdrew its 2020 guidance due to the uncertainty caused by the COVID-19 pandemic.
Total revenue increased by 2.8%.
Same-unit revenue increased by 0.9%.
EPS was $0.66, compared to $0.67 in the prior-year first quarter.
Adjusted EBITDA was $57.0 million, slightly down from $57.7 million in the prior-year first quarter.
CBIZ
CBIZ
CBIZ Revenue by Segment
Revenue by Segment
Financial Services Revenue
CapyFin.comBenefits and Insurance Services Revenue
CapyFin.comNational Practices Revenue
CapyFin.com Forward Guidance
Given the uncertainty in the business environment created by the evolving COVID-19 situation and uncertain impact on full year 2020 results, the Company is withdrawing its 2020 guidance, which was provided on February 20, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income