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Dec 31, 2020
CBIZ Q4 2020 Earnings Report
CBIZ reported an increase in revenue and improved profitability compared to the same quarter last year.
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
Revenue by Segment
Financial Services Revenue
CapyFin.comBenefits and Insurance Services Revenue
CapyFin.comNational Practices Revenue
CapyFin.com 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.