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Dec 31, 2024
CBIZ Q4 2024 Earnings Report
CBIZ reported revenue growth driven by the Marcum acquisition and strong same-unit performance for Q4 2024.
Key Takeaways
CBIZ reported Q4 2024 revenue of $460.3 million, driven by a 40.5% increase compared to Q4 2023. The increase was primarily attributed to the Marcum acquisition. The company reported a net loss of $90.7 million, with adjusted net loss of $10.1 million and adjusted diluted EPS of -$0.20.
Revenue increased 40.5% to $460.3 million in Q4 2024.
Net loss for Q4 2024 was $90.7 million.
Adjusted diluted EPS was -$0.20 compared to -$0.26 in Q4 2023.
The Marcum acquisition contributed a 33.2% revenue increase for the quarter.
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
CBIZ expects continued growth and integration benefits from the Marcum acquisition in 2025.
Positive Outlook
- Total revenue projected within a range of $2.90 billion to $2.95 billion.
- Adjusted EPS expected between $3.60 to $3.65.
- Adjusted EBITDA projected within a range of $450 million to $456 million.
- Operational synergies from Marcum integration.
- Continued focus on client growth in key markets.
Challenges Ahead
- Impact of integration costs from Marcum acquisition.
- Increased leverage and higher interest expenses.
- Challenging macroeconomic environment.
- Ongoing cost pressures related to inflation.
- Uncertainty around regulatory impacts on future results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income