CBIZ, Inc. (CBZ) Tops Q3 EPS by 2c, Revenues Beat; Offers FY18 EPS Mid-Point Outlook Below Consensus

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CBIZ Reports Third-Quarter And Nine-Month 2018 Results

October 31, 2018 6:30 AM EDT

CLEVELAND, Oct. 31, 2018 /PRNewswire/ --

THIRD-QUARTER HIGHLIGHTS:

TOTAL REVENUE +8.0% SAME-UNIT REVENUE +6.3% EPS FROM CONTINUING OPERATIONS +33.3%

NINE-MONTH HIGHLIGHTS:

TOTAL REVENUE +9.5% SAME-UNIT REVENUE +6.0% EPS FROM CONTINUING OPERATIONS +33.7%

CBIZ, Inc. (NYSE: CBZ) (the "Company") today announced third-quarter and nine-month results for the period ended September 30, 2018.

For the 2018 third quarter, CBIZ reported revenue of $224.2 million, an increase of $16.5 million, or 8%, over the $207.7 million reported in 2017. Same-unit revenue increased by $13 million, or 6.3%, for the quarter, compared with the... More