CBIZ Q4 2019 Earnings Report
Key Takeaways
CBIZ's fourth quarter revenue increased by 2.1% to $203.1 million compared to the same period last year. However, the company experienced a loss from continuing operations of $1.1 million, and Adjusted EBITDA decreased to $2.7 million.
Total revenue increased by 2.1% in the fourth quarter.
Same-unit revenue increased by 0.1% in the fourth quarter.
Loss per share from continuing operations remained unchanged at $0.02 in the fourth quarter.
Adjusted EBITDA was $2.7 million for the fourth quarter, compared to $4.8 million in the prior year.
CBIZ
CBIZ
CBIZ Revenue by Segment
Forward Guidance
The Company expects growth in total revenue within a range of 5% to 7% over the prior year and expects to grow fully diluted earnings per share within a range of 10% to 12% over the prior year.
Positive Outlook
- The Company expects growth in total revenue within a range of 5% to 7% over the prior year.
- The Company expects an effective tax rate of approximately 24%.
- The Company expects a weighted average fully diluted share count of approximately 56 million shares.
- The Company expects to grow fully diluted earnings per share within a range of 10% to 12% over the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income