CBIZ Q1 2020 Earnings Report
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
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