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CBIZ, Inc.
CBIZ identified approximately $15 million in additional one-time legal expenses during the debt financing process for its pending acquisition by Grant Thornton. This expense is expected to decrease net income by approximately $10.5 million (net of tax), but will not impact the company's previously disclosed Adjusted Net Income or Adjusted EBITDA.…more
CBIZ, Inc.
CBIZ reported third-quarter 2026 revenue of $702 million and net income of $47 million, showing growth compared to the previous year. The company is proceeding with its previously announced $5.0 billion all-cash acquisition by Grant Thornton, which will result in the delisting of its common stock from the NYSE and its transition to a private company. Due to the pending transaction, the company will not provide financial guidance for the full year 2026.…more
CBIZ, Inc.
CBIZ is conducting a Corrective Rescission Offer for up to 2,331 shares of its common stock that were inadvertently omitted from a previous rescission offer due to a system configuration error. Eligible participants who acquired these shares under the ESPP between October 16, 2023, and April 15, 2026, may accept the offer by October 23, 2026, to receive the original purchase price plus interest.…more
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CBIZ Reports $15M Additional One-Time Legal Expenses
CBIZ identified $15 million in additional one-time legal expenses, though adjusted net income and EPS remain unaffected. The company expects a $10.5 million decrease in net income after tax as it proceeds with its pending acquisition by Grant Thornton.…more
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CBIZ reported third-quarter adjusted EPS and revenue that both fell short of analyst consensus estimates. While the company showed year-over-year growth, the failure to meet market expectations may weigh on investor sentiment.…more
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CBIZ reported year-over-year growth in revenue and net income for the third quarter while proceeding with its $5 billion acquisition by Grant Thornton. Due to the pending transaction, the company will not provide financial guidance for the full year 2026.…more
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