Insperity Q3 net income $37.7M; adjusted EPS up 38% to $1.23; WSEEs up 18%

INSPERITY, INC.

2022-Q3 EPS reported $3.66 revenue$4,449,104,000

Q3 revenues $1.4B, up 19% YoY; average paid WSEEs 303,347, up 17.8%.
Adjusted EBITDA $79.8M, up 32.7%; adjusted EPS $1.23, up 38.2%.
Gross profit up 23.2% to $244.6M; gross profit per WSEE per month up 4.7%.
Client retention strong at 99% monthly average; net client base continued to grow.
YTD adjusted EBITDA up 21.8% to $273.4M; adjusted EPS up 21% to $4.38.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INSPERITY, INC. reported the first nine months of 2022 results: revenue $4.4 billion, net income $141.2 million, EPS $3.66.

Period: the first nine months of 2022
Revenue: $4.4 billion
Net income: $141.2 million
EPS: $3.66
Result: reported results

Exact text from the filing

costs also increased over Q3 2021, which was more restrictive under the pandemic conditions. Year-to-Date Results Revenues for the first nine months of 2022 increased 20.8% to $4.4 billion on an 18.9% increase in paid WSEEs and a 1.7% increase in revenue per WSEE. Gross profit for the first nine months of 2022 increased 18.6% to $770.2 million. Operating expenses

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INSPERITY, INC. reported the third quarter ended September 30, 2022 results: revenue $1.4 billion, net income $37.7 million, EPS $0.98.

Period: the third quarter ended September 30, 2022
Revenue: $1.4 billion
Net income: $37.7 million
EPS: $0.98
Result: reported results

Exact text from the filing

although at expected lower levels than Q3 2021, a period when many clients were rehiring employees as the pandemic conditions improved. Revenues in Q3 2022 increased 19.0% to $1.4 billion on the 17.8% increase in paid WSEEs. Revenue per WSEE was up 1.0% as overall pricing was managed to targeted levels given the current inflationary environment, partially offset

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INSPERITY, INC. filing history →

Source: SEC EDGAR

accession 0001000753-22-000045

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