CBIZ Q4 2020 Earnings Report
Key Takeaways
CBIZ reported a 3.9% increase in total revenue for the fourth quarter of 2020, driven by acquisitions and same-unit revenue growth. The company's loss from continuing operations improved, and Adjusted EBITDA increased significantly compared to the same period in 2019.
Total revenue increased by 3.9% compared to Q4 2019.
Same-unit revenue increased by 1.1% compared to Q4 2019.
Loss from continuing operations improved from a loss of $1.1 million in Q4 2019 to a loss of $0.1 million in Q4 2020.
Adjusted EBITDA increased to $5.2 million, compared to $2.7 million in Q4 2019.
CBIZ
CBIZ
CBIZ Revenue by Segment
Forward Guidance
The Company expects total growth in revenue within a range of 5% to 8% over the prior year. The Company expects an effective tax rate of approximately 25%. The Company expects a weighted average fully diluted share count of approximately 54.5 million shares. The Company expects to grow fully diluted earnings per share within a range of 8% to 12% over the prior year.
Positive Outlook
- Expects total growth in revenue within a range of 5% to 8% over the prior year.
- Expects an effective tax rate of approximately 25%.
- Expects a weighted average fully diluted share count of approximately 54.5 million shares.
- Expects to grow fully diluted earnings per share within a range of 8% to 12% over the prior year.