earnings
confidence high
sentiment positive
materiality 0.75
Insperity Q1 net income $79M, adj. EPS $2.27, WSEEs down 1% YoY, guidance updated
INSPERITY, INC.
2024-Q1 EPS reported
$2.08
revenue$1,802,000,000
- Average WSEEs down 1% YoY to 303,904; revenue up 2% to $1.8B on 3% higher pricing per WSEE.
- Gross profit up 4% to $345M; net income $79M ($2.08 diluted EPS); adjusted EPS $2.27.
- Adjusted EBITDA $142M, exceeding high end of guided range; operating expenses up 12% on investments.
- Returned $44M to shareholders via $23M share repurchases and $21M dividends in Q1.
- 2024 guidance reaffirms earnings outlook; Q2 expectations consistent with initial forecast despite economic uncertainty.