Insperity Q4 EPS $0.52 (adj $0.75); FY23 rev $6.5B; announces Workday partnership

INSPERITY, INC.

Q4 2023 revenue $1.6B (+6% YoY), net income $19.6M, diluted EPS $0.52; adjusted EPS $0.75.
FY2023 revenue $6.5B (+9% YoY), diluted EPS $4.47; adjusted EPS $5.52; adjusted EBITDA $353.6M.
Average paid WSEEs up 2.5% in Q4 and 5.8% for FY; macro headwinds led to net reductions in Q4.
Returned $215.7M to shareholders in 2023 via buybacks ($131.5M) and dividends ($84.2M).
Exclusive strategic partnership with Workday to jointly develop and sell a full-service HR solution for SMBs; details to follow.

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 quarter and year ended December 31, 2023 results: revenue $1.6 billion, net income $19.6 million, EPS $0.52.

Period: the quarter and year ended December 31, 2023
Revenue: $1.6 billion
Net income: $19.6 million
EPS: $0.52
Result: reported results

Exact text from the filing

Fourth Quarter Results The average number of worksite employees (“WSEE”) paid per month increased 2.5% over Q4 2022 to 315,072 WSEEs. Revenues in Q4 2023 increased 6.1% to $1.6 billion on the 2.5% increase in paid WSEEs and a 3.5% increase in revenue per WSEE. Macro-economic headwinds continued to impact worksite employee growth in our client base as a minimum

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Source: SEC EDGAR

accession 0001000753-24-000007

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