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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.
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 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