Insperity Q3 EPS $1.16, adjusted $1.46; revenues up 8% to $1.6B; updates FY2023 guidance

INSPERITY, INC.

2023-Q3 EPS reported $3.94 revenue$4,905,668,000

Q3 net income $44.3M ($1.16 diluted EPS); adjusted EPS $1.46, up 19% YoY; adjusted EBITDA $94.3M.
Revenues $1.6B, up 7.8% YoY driven by 4% increase in paid worksite employees to 315,340.
Gross profit $257.9M (+5.5%); benefits costs normalized after high Q2 claim activity.
YTD repurchased 1,259,000 shares for $131.4M; Q3 alone repurchased 873,000 shares for $86M.
Company updated 2023 guidance including Q4; maintains $280M credit availability and $189.6M cash.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INSPERITY, INC. reported third quarter ended September 30, 2023 results: revenue $1.6 billion, net income $44.3 million, EPS $1.16.

Period: third quarter ended September 30, 2023
Revenue: $1.6 billion
Net income: $44.3 million
EPS: $1.16
Result: reported results

Exact text from the filing

Third Quarter Results The average number of worksite employees (“WSEE”) paid per month increased 4.0% over Q3 2022 to 315,340 WSEEs. Revenues in Q3 2023 increased 7.8% to $1.6 billion on the 4.0% increase in paid WSEEs and a 3.7% increase in revenue per WSEE. Sales and client retention over the course of the year have continued to drive the growth in paid

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Source: SEC EDGAR

accession 0001000753-23-000048

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