earnings
confidence high
sentiment neutral
materiality 0.70
Insperity Q2 rev $1.2B (+19%), adjusted EPS $0.91 (-41% YoY), updates 2021 guidance
INSPERITY, INC.
2021-Q2 EPS reported
$2.24
revenue$2,472,206,000
- Q2 avg paid worksite employees 243,270 (+7% YoY); client retention at 99%.
- Q2 net income $25.2M, diluted EPS $0.65; adjusted EBITDA $60.2M, down 35% YoY.
- Q2 gross profit $199.6M, down 9% on higher health utilization; $11M payroll tax refunds offset.
- YTD net income $87.1M, diluted EPS $2.24; adjusted EPS $2.72, down 16% YoY.
- Updated 2021 guidance provided for Q3 and full year; dividend raised, $38.5M in share repurchases in H1.