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Dec 31, 2021
CBIZ Q4 2021 Earnings Report
CBIZ reported a revenue increase of 15.0% and a loss from continuing operations of $9.6 million for Q4 2021.
Key Takeaways
CBIZ reported a 15.0% increase in revenue for the fourth quarter of 2021, driven by both acquisitions and same-unit revenue growth. However, the company experienced a loss from continuing operations of $9.6 million compared to a loss of $0.1 million in the same period last year.
Total revenue increased by 15.0% compared to the same period in 2020.
Same-unit revenue grew by 9.4% in the fourth quarter.
Loss from continuing operations was $9.6 million.
Acquisitions contributed $11.9 million to fourth-quarter revenue growth.
Revenue by Segment
Forward Guidance
The Company expects revenue to grow within a range of 19% to 21% over the prior year.The Company expects GAAP fully diluted earnings per share from continuing operations to grow within a range of 43% to 46%, to $1.89 to $1.93 per share over the $1.32 per share reported for 2021.The Company expects adjusted fully diluted earnings per share from continuing operations to grow within a range of 20% to 22%, to $1.99 to $2.03 per share over the adjusted $1.66 per share reported for 2021.
Positive Outlook
- Revenue to grow within a range of 19% to 21% over the prior year.
- Effective tax rate of approximately 25%.
- Weighted average fully diluted share count of approximately 53.0 to 53.5 million shares.
- GAAP fully diluted earnings per share from continuing operations to grow within a range of 43% to 46%, to $1.89 to $1.93 per share over the $1.32 per share reported for 2021.
- Adjusted fully diluted earnings per share from continuing operations to grow within a range of 20% to 22%, to $1.99 to $2.03 per share over the adjusted $1.66 per share reported for 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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