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NEW YORK -On Wednesday, CBIZ Inc . (NYSE:CBZ) the professional services provider reported fourth-quarter results that beat expectations and issued an upbeat outlook for 2025.
The company’s shares gained 1.15% in pre-market trading after the results.
The company posted adjusted Q4 earnings per share of -$0.20, topping the analyst consensus of -$0.22. Revenue surged 40.5% year-over-year to $460.28 million, well above estimates of $353 million.
CBIZ said the revenue increase was driven by its acquisition of Marcum LLP, which closed on November 1, 2024 and contributed 33.2% to the growth. Excluding Marcum, same-unit revenue rose 6.4%.
For full-year 2025, CBIZ forecasts adjusted EPS of $3.60-$3.65, ahead of the $3.10 consensus. The company expects revenue of $2.90-$2.95 billion, compared to analysts’ projection of $3.05 billion.
"We’re pleased to report fourth-quarter same-unit revenue grew by 6.4% with full-year same-unit revenue up by 4.8%," said Jerry Grisko, CBIZ President and CEO. He added that closing the Marcum deal early in Q4 allowed the company to "accelerate integration and planning efforts, and allows us to continue our strong momentum in 2025."
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