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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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