- CBIZ press release ( NYSE: CBZ ): Q2 Non-GAAP EPS of $0.63 beats by $0.13 .
- Revenue of $361.95M (+29.9% Y/Y) beats by $32.69M .
- TOTAL REVENUE UP 29.9%; SAME-UNIT REVENUE UP 11.4%
- GAAP EPS UP 275.0%; ADJUSTED EPS UP 26.0%
- INCOME FROM CONTINUING OPERATIONS UP 262.9%; ADJUSTED EBITDA UP 29.9%.
- The Company increased its revenue growth expectations to within a range of 23% to 25% over the prior year, up from previous guidance of 19% to 21% in revenue growth.
- Although multiple factors may impact the tax rate, the Company expects an effective tax rate of approximately 25%.
- The Company expects a weighted average fully diluted share count of 52.5 million to 53.0 million shares.
- On a GAAP basis, the Company expects full-year fully diluted earnings per share from continuing operations to grow within a range of 45% to 48% per share, over the $1.32 per share reported in 2021, up from previous guidance of 43% to 46% per share.
- The Company expects Adjusted fully diluted earnings per share from continuing operations to grow within a range of 25% to 27% over the Adjusted $1.66 reported for 2021, up from previous guidance of a 20% to 22% increase per share. A schedule reconciling GAAP Diluted EPS to Non-GAAP Adjusted Diluted EPS is attached.
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CBIZ Non-GAAP EPS of $0.63 beats by $0.13, revenue of $361.95M beats by $32.69M