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CBIZ Reports Strong Financial Results for Q1 2025

On April 24, 2025, CBIZ, Inc., a prominent professional services advisor, released its first-quarter financial results for the year, showcasing impressive performance metrics. The company reported a remarkable 69.5% increase in total revenue, reaching $838 million compared to $494 million during the same period in 2024. Such a significant surge highlights the company's resilience and ability to thrive in a fluctuating economic environment.

CBIZ’s net income for the quarter stood at $122.8 million, translating to $1.91 per diluted share, which is a robust increase from $76.9 million or $1.53 per diluted share recorded a year ago. Adjusted EBITDA doubled, soaring to $237.6 million, reflecting a 100% increase compared to the previous year’s $118.8 million. Additionally, adjusted diluted earnings per share rose by 40.5%, showcasing the company's solid operational efficiency and profitability.

In a statement, Jerry Grisko, the President and CEO of CBIZ, expressed his satisfaction with the quarterly results, affirming that the operational model allowed the firm to maintain strong earnings and cash flow despite challenging business climates. “Our operating model enables us to continue delivering strong financial results, and we are pleased to report that the integration of Marcum is proceeding smoothly, with excellent employee and client retention rates,” he stated.

The impressive numbers also come with heightened expectations for the remainder of the year, despite indications that economic uncertainty and geopolitical factors are beginning to impact service lines. For 2025, CBIZ anticipates total revenue between $2.8 billion to $2.95 billion. Other projected metrics include an effective tax rate of approximately 29% and GAAP fully diluted earnings per share estimated between $1.97 and $2.02.

A conference call discussing these results is scheduled for later on the same day, inviting analysts and stakeholders to engage with the company's leadership for deeper insights into their financial performance and future strategies. The call aims to enhance transparency and provide a platform for addressing any queries from interested parties.

As a leading advisor for middle-market businesses across the nation,CBIZ combines expertise across various sectors including accounting, tax, advisory services, and technology solutions to forge actionable insights. The firm employs over 10,000 professionals throughout 160 locations, showcasing an extensive network that empowers businesses to adapt and thrive in changing environments.

Overall, CBIZ's robust first-quarter performance signals its strategic prowess in navigating complex market conditions and its commitment to maintaining strong growth trajectories. Investors and industry observers alike are keenly watching as the firm unfolds its plans and continues to integrate its recent acquisitions, ensuring that it remains at the forefront of the professional services sector.