First Analysis Upgrades CBIZ, Inc. (CBZ) to Overweight

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Go back to First Analysis Upgrades CBIZ, Inc. (CBZ) to Overweight

CBIZ Reports 2015 First-Quarter Results

April 29, 2015 6:30 AM EDT

CLEVELAND, April 29, 2015 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) today announced results for the first quarter ended March 31, 2015. 

CBIZ reported revenue of $213.9 million for the first quarter, an increase of $9.2 million, or 4.5%, over the $204.7 million reported in 2014.  When adjusted to exclude revenue from the Miami office which was sold in the fourth quarter of 2014, revenue in the first quarter increased by 5.5%.  Same-unit revenue increased by $4.6 million, or 2.2%, for the first quarter of 2015, compared with the same period a year ago.  Newly acquired operations, net of divestitures, contributed $4.6 million to revenue in the 2015... More