CBIZ, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 12:22 pm EDT
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CBIZ, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 410.54 million compared to USD 363.26 million a year ago. Net income was USD 33.68 million compared to USD 27.47 million a year ago. Basic earnings per share from continuing operations was USD 0.68 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.67 compared to USD 0.53 a year ago. Basic earnings per share was USD 0.68 compared to USD 0.53 a year ago. Diluted earnings per share was USD 0.67 compared to USD 0.53 a year ago.
For the nine months, sales was USD 1,263.65 million compared to USD 1,116.94 million a year ago. Net income was USD 133.71 million compared to USD 116.85 million a year ago. Basic earnings per share from continuing operations was USD 2.67 compared to USD 2.25 a year ago. Diluted earnings per share from continuing operations was USD 2.64 compared to USD 2.22 a year ago. Basic earnings per share was USD 2.67 compared to USD 2.25 a year ago. Diluted earnings per share was USD 2.64 compared to USD 2.22 a year ago.
CBIZ, Inc. is a provider of financial, insurance and advisory services to businesses throughout the United States and parts of Canada. It provides a range of accounting, insurance brokerage, financial and advisory services. It delivers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. Financial Services is comprised of core accounting services, including traditional accounting, tax compliance, advisory, and specialty services, like transaction and risk advisory services, litigation support, valuation, and federal and state government health care compliance and consulting. Benefits and Insurance Services provides brokerage and consulting for group health benefits and property and casualty insurance, in addition to retirement plan advisory and investment services. National Practices provides information technology and hardware services and healthcare consulting services. It also maintains a cyber risk management program.