CBIZ, Inc. (CBZ) Misses Q1 EPS by 5c, Revenues Miss

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CBIZ Reports First-Quarter 2020 Results

May 6, 2020 6:30 AM EDT

CLEVELAND, May 6, 2020 /PRNewswire/ --

FIRST-QUARTER HIGHLIGHTS:

Total revenue increases 2.8% Same-unit revenue increases 0.9% EPS $0.66 vs. $0.67 in prior-year first quarter Adjusted EBITDA $57.0 million vs. $57.7 million in prior-year first quarter Mobilizes resources to help clients access emerging economic relief opportunities Financial flexibility positions Company well for economic recovery

CBIZ, Inc. (NYSE: CBZ) today announced financial results for the first quarter ended March 31, 2020.

For the first quarter of 2020, CBIZ reported revenue of $277.5 million, an increase of $7.5 million, or 2.8%, over the $270.0 million reported in 2019.... More