Insperity Q1 EPS $2.45, adjusted EPS $2.67; WSEEs up 10% to 306,691

INSPERITY, INC.

2023-Q1 EPS reported $2.45 revenue$1,769,652,000

Net income $94.6M, diluted EPS $2.45; adjusted EPS $2.67 (+34% YoY).
Revenue $1.8B (+12% YoY); gross profit $332.1M (+16%).
Average paid WSEEs 306,691 (+10% YoY); client attrition near historical lows.
Returned $55M to shareholders: $34.6M buybacks + $19.9M dividends.
Updated 2023 guidance; cash $231.4M, $280M credit facility available.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

INSPERITY, INC. reported first quarter ended March 31, 2023 results: revenue $1.8 billion, net income $94.6 million, EPS $2.45.

Period: first quarter ended March 31, 2023
Revenue: $1.8 billion
Net income: $94.6 million
EPS: $2.45
Result: reported results

Exact text from the filing

and were about 50% less than that experienced during the first quarter of 2022 due primarily to the softer economic environment. Revenues in Q1 2023 increased 12.2% to $1.8 billion on the 10.1% increase in paid WSEEs and a 1.9% increase in revenue per WSEE. Gross profit increased 16.2% over Q1 2022 to $332.1 million on the 10.1% increase in paid WSEEs and a

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Source: SEC EDGAR

accession 0001000753-23-000022

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