NYSE$CBZ

Cbiz Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

CBIZ's second-quarter performance in 2020 reflected revenue growth, increased income from continuing operations, and higher earnings per share amid a challenging business environment.

CBIZ reported a slight increase in total revenue for the second quarter of 2020, alongside significant growth in income from continuing operations and adjusted EBITDA, demonstrating resilience and effective cost management in a challenging economic climate.

  • Total revenue increased by 0.6% compared to the same quarter in the previous year.
  • Same-unit revenue decreased by 1.4%.
  • Earnings per share (EPS) from continuing operations increased by 30.0%.
  • Adjusted EBITDA increased by 24.7%.

Headline financials

Total Revenue

$237M

Previous: $235M+0.6%
EPS (adj)

$0.39

Previous: $0.30+30.0%
Capital Expenditures

-$5.31M

Previous: -$6.92M+23.3%
Free Cash Flow

$16.2M

Previous: $9.68M+67.0%
Net Income

$21.5M

Previous: $16.6M+29.4%
Operating Income

$16.8M

Previous: $26.8M-37.4%
Gross Profit

$27.9M

Previous: $37.4M-25.2%
Cash & Equivalents

$9.62M

Previous: $2.63M+266.1%
Total Assets

$1.43B

Previous: $1.38B+3.7%
Stock-Based Comp

$2.26M

Previous: $1.92M+17.7%

Revenue & EPS history

CBIZ · Revenue · Quarterly

$237M

Q2 2020+0.6%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

CBIZ · $237M total across 3 segments · Q2 2020

  • Financial Services
    $154M-0.2%
  • Benefits and Insurance
    $73.9M+2.5%
  • National Practices
    $8.92M-0.9%

Forward guidance

The company's focus will continue to be the health and safety of our team members, supporting our clients in a challenging economic climate, protecting the liquidity of our business and pursuing acquisitions and other opportunities to invest in the long-term growth of the business

Tailwinds

  • Health and safety of team members
  • Supporting clients in a challenging economic climate
  • Protecting the liquidity of our business
  • Pursuing acquisitions
  • Investing in the long-term growth of the business

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.3%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+16.7%

Q4 2025

Best reaction

-15.1%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.0%-5.6%-0.5%
Q4 2025+16.7%+9.5%-4.2%
Q3 2025+3.0%+7.3%-5.1%
Q1 2025-14.0%-13.0%-6.9%
Q4 2024-5.2%-10.0%-12.1%
Q3 2024+6.0%+4.2%+23.3%
Q2 2024-15.1%-19.4%-14.4%
Q1 2024-7.1%-9.1%+0.8%
Q4 2023+10.5%+11.8%+16.1%
Q3 2023-1.3%+2.3%+14.8%
Q2 2023-2.2%+1.4%+2.2%
Q1 2023+3.0%+0.1%-2.0%
Q4 2022+4.5%+3.2%-1.5%
Q3 2022+6.0%+3.5%+5.6%
Q2 2022+5.0%+3.5%+3.0%
Q1 2022+1.9%-2.2%+0.4%
Q4 2021-4.7%-5.1%+3.3%
Q3 2021+3.2%+6.0%+6.1%
Q2 2021+3.6%+4.5%+8.6%
Q1 2021+1.6%+3.7%+0.5%
Q4 2020+3.7%+6.7%+14.0%
Q3 2020+1.3%+5.9%+11.4%
Q2 2020+6.0%+6.5%+7.7%
Q1 2020-4.2%-3.2%+16.2%
Q4 2019-2.0%-3.4%-39.1%
Q3 2019+7.8%+5.9%+5.8%
Q2 2019+0.6%-0.7%-2.8%
Q1 2019-5.5%-6.1%-3.7%
Q4 2018-0.5%+2.2%-2.8%
Q3 2018-3.6%-3.2%-7.5%
Q2 2018-1.6%-0.7%+8.9%
Q1 2018+1.9%+3.0%+13.7%
Q4 2017+9.8%+13.5%+17.5%
Q3 2017-11.0%-10.1%-11.6%
Q2 2017+0.7%-1.0%+2.7%
Q1 2017+3.6%+2.6%-1.3%
Q4 2016+1.9%+2.3%+6.0%
Q3 2016+0.9%-1.4%+11.3%
Q2 2016+1.0%+3.3%+3.0%
Q1 2016+2.7%
Q4 2015-1.1%
Q3 2015-1.5%
Q2 2015+1.7%
Q1 2015-1.8%
Q4 2014-0.4%
Q3 2014+9.2%
Q2 2014-2.2%
Q1 2014-3.3%
Q4 2013+3.8%
Q3 2013+6.0%
Q2 2013-3.8%
Q1 2013+0.5%
Q4 2012+0.3%
Q3 2012-5.2%
Q2 2012-10.6%
Q1 2011+1.1%
Q1 2012+1.7%
Q4 2009+1.1%
Q4 2011+1.1%
Q3 2010-4.8%
Q3 2011-4.8%
Q2 2011-0.8%
Q4 2010-0.8%
Q2 2010-0.8%
Q1 2010+3.0%

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