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Jun 30, 2021
CBIZ Q2 2021 Earnings Report
CBIZ's second-quarter performance was reported, featuring revenue growth and increased full-year revenue guidance.
Key Takeaways
CBIZ reported a 17.6% increase in revenue for the second quarter of 2021, driven by both acquisitions and same-unit revenue growth. The company's adjusted EPS increased by 28.2%. Due to strong performance, CBIZ raised its full-year revenue growth guidance to 10% to 12%.
Total revenue increased by 17.6%.
Same-unit revenue increased by 10.5%.
Adjusted EPS increased by 28.2%.
Full-year 2021 revenue guidance was raised to 10% to 12% growth.
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
CBIZ increased its revenue growth expectations to within a range of 10% to 12% over the prior year. The Company expects Adjusted Diluted EPS to grow within a range of 12% to 15% over the $1.42 reported for 2020.
Positive Outlook
- Revenue growth expectations increased to 10% - 12%.
- Effective tax rate expected to be approximately 25%.
- Weighted average fully diluted share count of approximately 54.0 million shares is expected.
- Full-year fully diluted earnings per share within a range of $1.25 to $1.29 is expected on a GAAP basis.
- Adjusted Diluted EPS is expected to grow within a range of 12% to 15% over the $1.42 reported for 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income