earnings
confidence high
sentiment positive
materiality 0.75
Insperity Q3 net income $27.3M ($0.70 EPS); WSEE up 11%, revenue up 20% to $1.2B
INSPERITY, INC.
2021-Q3 EPS reported
$2.94
revenue$3,681,834,000
- Average paid worksite employees 257,560, up 11% YoY; client retention at 99%.
- Adjusted EBITDA $60.1M (+4% YoY); adjusted EPS $0.89 (-2% YoY).
- Gross profit $198.5M (+7.3% YoY) on higher WSEE, pricing, and favorable workers' comp.
- Operating expenses increased only 2% YoY; cash operating expenses up 9%.
- 2021 guidance updated; adjusted cash $228M; $130M available under credit facility.