Cbiz, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 06:30 am EDT
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CBIZ, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 278.648 million compared to USD 236.943 million a year ago. Operating loss was USD 2.570 million compared to operating Income of USD 16.767 million a year ago. Net income was USD 8.607 million compared to USD 21.468 million a year ago.
For the half year, sales was USD 579.378 million compared to USD 514.398 million a year ago. Operating income was USD 59.706 million compared to USD 83.906 million a year ago. Net income was USD 58.816 million compared to USD 58.316 million 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.