Loading...
•
Dec 31, 2019
CBIZ Q4 2019 Earnings Report
CBIZ reported fourth-quarter and full-year results for the period ended December 31, 2019.
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
Revenue by Segment
Financial Services Revenue
CapyFin.comBenefits and Insurance Services Revenue
CapyFin.comNational Practices Revenue
CapyFin.com 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