CBIZ backs FY24 adjusted EPS view $2.64-$2.69, consensus $2.64

Backs FY24 revenue growth view 7%-9%. Sees FY24 effective tax rate 28%. The company said, “With an expected close in the fourth quarter of 2024, current guidance excludes the impact of the Marcum acquisition.” Grisko continued, “With the Marcum transaction nearing closing, we are excited for the opportunities it presents to our collective team members, clients, and for the CBIZ (CBZ) shareholders. With combined annual revenues of approximately $2.8 billion, over 10,000 team members, offices from coast to coast, and our wide-range of high-value services including accounting, tax, advisory, benefits, insurance, and technology, CBIZ will become the largest provider of professional services of our kind to the middle market. Upon closing, we will be unmatched in the depth of expertise and breadth of services we are able to provide to our clients and the career and growth opportunities we are able to offer our teams.”