CBIZ Reports Fourth-Quarter And Full-Year 2016 Results

Grisko continued, "We completed two acquisitions during the fourth quarter, Actuarial Consultants, Inc., of Torrance, CA, which further enhances our position as a leading national provider of retirement planning services, and The Seff Group, which strengthens our financial services offerings in Denver, CO.  We are pleased with the performance of our acquisition activity to date, as the six acquisitions we closed during 2016 are expected to contribute approximately $41.0 million to annualized revenue. With our strong cash flow and current acquisition pipeline, we intend to continue to make strategic acquisitions that broaden our geographic footprint and enhance the services we provide to our clients."

2017 Outlook
For 2017, CBIZ expects total revenue growth within a range of 6% to 8%, and income from continuing operations to grow within a range of 12% to 14%.  Fully-diluted weighted average share count is expected to increase to approximately 55.5 million shares in 2017, and as a result, earnings per diluted share is expected to increase within a range of 8% to 10% over the $0.76 reported for 2016.

Conference Call
CBIZ will host a conference call at 11:00 a.m. (ET) today to discuss its results.  The call will be webcast live for the media and the public, and can be accessed at www.cbiz.com. Shareholders and analysts who would like to participate in the call can register at http://dpregister.com/10100437 to receive the dial-in number and unique personal identification number. Participants may register at any time, including up to and after the call start time.

A replay of the webcast will be made available approximately two hours following the call on the Company's web site at www.cbiz.com. For those without Internet access, a replay of the call will also be available starting at approximately 1:00 p.m. (ET), February 16, through 5:00 p.m. (ET), February 20, 2017. The toll-free dial-in number for the replay is 1-877-344-7529.  If you are listening from outside the United States, dial 1-412-317-0088.  The access code for the replay is 10100437.

About CBIZ
CBIZ, Inc. provides professional business services that help clients better manage their finances, employees and insurance needs.  CBIZ provides its clients with financial services including accounting, tax, financial advisory, government healthcare consulting, risk advisory, and valuation services.  Benefits and Insurance services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, and HR consulting.  As one of the largest accounting, insurance brokerage and valuation companies in the United States, the Company's services are provided through more than 100 Company offices in 33 states.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.  Such risks and uncertainties include, but are not limited to, the Company's ability to adequately manage and sustain its growth; the Company's dependence on the current trend of outsourcing business services; the Company's dependence on the services of its CEO and other key employees; competitive pricing pressures; general business and economic conditions; and changes in governmental regulation and tax laws affecting the Company's insurance business or its business services operations.  A more detailed description of such risks and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.

CBIZ, INC.
FINANCIAL HIGHLIGHTS (UNAUDITED)
THREE MONTHS ENDED DECEMBER 31, 2016 AND 2015
(In thousands, except percentages and per share data)
						THREE MONTHS ENDED
						DECEMBER 31,
						2016		%			2015		%
Revenue					$	178,785		100.0%		$	164,412		100.0%
Operating expenses (1) (2)						171,544		95.9%			159,914		97.3%
Gross margin						7,241		4.1%			4,498		2.7%
Corporate general and administrative expenses (1)						9,049		5.1%			8,019		4.8%
Operating loss						(1,808)		-1.0%			(3,521)		-2.1%
Other income (expense):
	Interest expense					(1,574)		-0.9%			(1,237)		-0.7%
	Gain (loss) on sale of operations, net					375		0.2%			(22)		0.0%
	Other income, net (1) (3)					1,475		0.8%			1,780		1.0%
			Total other income, net			276		0.1%			521		0.3%
Loss from continuing operations before income tax expense						(1,532)		-0.9%			(3,000)		-1.8%
Income tax benefit						(967)					(2,226)
Loss from continuing operations						(565)		-0.3%			(774)		-0.5%
Loss from operations of discontinued businesses, net of tax						(121)					(1,097)
Loss on disposal of discontinued businesses, net of tax						-					(35)
Net loss					$	(686)		-0.4%		$	(1,906) Werbung Mehr Nachrichten zur Cbiz Inc. Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 08:28 - PR Newswire Samson Rock Capital LLP - Form 8.3 - TClarke Plc 02:00 - PR Newswire Kasei Digital Assets Plc - Half-Year Results Sehen Sie sich dieses Unternehmen an:    Foto: andreas160578 - Pixabay Rasanter Aufstieg, Branchenrevolution und Jahresumsatz von 50 Mio. $ weiterlesen» Anzeige wo-site-teaser-box-16764_site-teaser-box_2024-04-26_09%253A00%253A00_2024-04-27_09%253A00%253A59