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Sep 30, 2020
CBIZ Q3 2020 Earnings Report
CBIZ's third-quarter earnings were announced, demonstrating resilience with improved profitability.
Key Takeaways
CBIZ reported a slight decrease in total revenue but an increase in EPS and adjusted EBITDA for the third quarter of 2020. The company's resilience and value to clients contributed to improved profitability, with growth in income from continuing operations and earnings per share.
Total revenue decreased by 0.6%.
Same-unit revenue decreased by 2.0%.
EPS from continuing operations increased by 12.5%.
Adjusted EBITDA increased by 8.3%.
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 anticipates continued steady demand for its services as clients navigate ongoing uncertainty. The company began 2020 with a full pipeline of acquisition candidates and is now experiencing renewed interest.
Revenue & Expenses
Visualization of income flow from segment revenue to net income