8-K filing — CBIZ, Inc. (CBZ)
Filed: 2026-10-27 AccNo: 0001193125-26-434465 Size: 146 KB Item 5.07: Submission of Matters to a Vote of Security Holders Item 7.01: Regulation FD Disclosure
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CBIZ Identifies Additional One-Time Legal Expenses Of $15M; Additional Expense Will Not Affect Disclosed Adj Net Income, Adj Diluted EPS Or Adj EBITDA; Pending Acquisition By Affiliate Of Grant Thornton In U.S.; Expects Net Income Decrease Of $10.50M Net Of Tax
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CBIZ Expects $15 Million in Additional Q3 Legal Expense
CBIZ, Inc. announced it expects to record a one-time legal expense of approximately $15 million, which will reduce its third-quarter net income by roughly $10.5 million after taxes.
CBIZ (CBZ) Lags Q3 Earnings and Revenue Estimates
CBIZ reported quarterly earnings of $1.21 per share, missing the consensus estimate of $1.28, representing a -5.47% earnings surprise. Revenue also fell short at $702.24 million versus the estimated amount. Despite the miss, the company maintains a Zacks Rank #2 (Buy) rating due to favorable estimate revision trends. The Consulting Services industry ranks in the top 27% of Zacks industries.