CBIZ, Inc (NYSE:CBZ) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET

Company Participants

Lori Novickis - Director, Corporate Relations

Jerry Grisko - President and Chief Executive Officer

Ware Grove - Senior Vice President and Chief Financial Officer

Conference Call Participants

Stefanos Cris - CJS Securities

Andrew Nicholas - William Blair

Marc Riddick - Sidoti

Operator

Good day, and welcome to the CBIZ Third Quarter 2022 Results Call. All participants will be in a listen-only mode. [Operator Instructions] Please note that this event is being recorded.

I'd now like to turn the conference over to Lori Novickis, Director of Corporate Relations. Please go ahead.

Lori Novickis

Good morning, everyone. And thank you for joining us for the CBIZ second quarter and first half 2022 results conference call. In connection with this call, today's press release and quarterly investor presentation have been posted to the Investor Relations page of our website, cbiz.com. As a reminder, this call is being webcast. A link to the live webcast can be found on our site. In addition, an archived replay and transcript will also be available following the call.

Before we begin, we would like to remind you that during the call, management may discuss certain non-GAAP financial measures. Reconciliations of these measures can be found in the financial tables of today's press release and investor presentation.

Today's call may also include forward-looking statements regarding our business, financial condition, results of operations, cash flows, strategies and prospects. Forward-looking statements represent only estimates on the date of this call and are not intended to give any assurance of future results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Many factors could cause future results to differ materially, and CBIZ assumes no obligation to update these statements. A more detailed description of such factors can be found in our filings with the Securities and Exchange Commission.

Joining us for today's call are Jerry Grisko, President and Chief Executive Officer, and Ware Grove, Chief Financial Officer.

I will now turn the call over to Jerry for his opening remarks. Jerry?

Jerry Grisko

Thank you, Lori. And good morning, everyone. Thank you for joining us for today's call. We are pleased to report that the very strong results that we experienced during the first half of this year have continued through the third quarter. With impressive revenue growth coming from every major service line of our business. Within our financial services group, we continue to experience strong demand across all three major service lines, those being our core accounting businesses, our advisory businesses and our government healthcare consulting business. We're also pleased to report that our recent acquisitions within this group are in total, performing in line with expectations and making a positive contribution to our overall results.