CBIZ, Inc. (CBZ) Tops Q4 EPS by 3c

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CBIZ Reports Fourth-Quarter And Full-Year 2016 Results

February 16, 2017 6:30 AM EST

CLEVELAND, Feb. 16, 2017 /PRNewswire/ --                                                                                        

FOURTH-QUARTER HIGHLIGHTS:

REVENUE +8.7% SAME-UNIT REVENUE +2.9% EPS FROM CONTINUING OPERATIONS ($0.01) VS. ($0.02)

FULL-YEAR HIGHLIGHTS:

REVENUE +6.6% SAME-UNIT REVENUE +2.6% EPS FROM CONTINUING OPERATIONS $0.76 VS. $0.66; +15.2%

CBIZ, Inc. (NYSE: CBZ) today announced financial results for the fourth quarter and year ended December 31, 2016.

For the 2016 fourth quarter, CBIZ reported revenue of $178.8 million, an increase of $14.4 million, or 8.7%, over the $164.4 million reported in the fourth quarter of 2015.  Same-unit revenue increased by $4.8 million, or 2.9%, for the quarter, compared with the same period a year ago.  Newly acquired operations, net of... More