Douglas S. Sharp
On August 27, 2024, Insperity, Inc. (the “Company”) announced the retirement of Douglas S. Sharp, Executive Vice President of Finance, Chief Financial Officer and Treasurer, effective November 15, 2024.
Highest-materiality recent filing
Insperity Q1 EPS $0.88, adj EPS $1.31; revenue $1.9B +2%
Q1 revenue $1.9B (+2% YoY); avg paid WSEEs 303,049 (-1% YoY).
Insperity Q4 net loss $33M, diluted EPS ($0.88); announces layoffs of 4% of non-sales staff
Q4 revenues $1.7B (+3% YoY); average paid WSEEs up 1% to 312,377.
Insperity ups revolving credit facility to $750M, extends maturity to Dec 2028
Revolving facility increased from $650M to $750M; accordion feature raised to $800M.
Insperity Q3 net loss $20M, adj EPS ($0.20); extends UHC deal with $500k pooling cap through 2028
Q3 revenues $1.6B (+4% YoY); net loss $20M; GAAP EPS ($0.53); adjusted EPS ($0.20).
Insperity Q2 net loss $5M; revenue up 3%; lowers FY2025 guidance; launches HRScale with Workday
Q2 net loss of $5M, diluted EPS $(0.14); adjusted EPS $0.26.
CEO Paul Sarvadi granted up to 400,000 PSUs; COO A. Steve Arizpe up to 100,000 PSUs, vesting over 5 years.
Insperity Q1 EPS $1.35 (adj. $1.57); healthcare costs drive gross profit down 10%
Revenue $1.9B (+3% YoY); avg. worksite employees 306,023 (+1%).
Insperity Q4 net loss $9M, FY 2024 net income $91M; provides 2025 guidance
Q4 net loss of $9M; diluted EPS $(0.22); adjusted EPS $0.05; adjusted EBITDA $23M.
Insperity Q3 net income $3M ($0.07), adjusted EPS $0.39; WSEE down 2% YoY
Net income $3M, diluted EPS $0.07; adjusted EPS $0.39, adjusted EBITDA $39M.
Insperity Q2 adjusted EPS $0.86 (+34% YoY); revenue $1.6B (+1%)
Q2 net income $18M, diluted EPS $0.48; adjusted EPS $0.86, adjusted EBITDA $66M (+29% YoY).
Insperity Q1 net income $79M, adj. EPS $2.27, WSEEs down 1% YoY, guidance updated
Average WSEEs down 1% YoY to 303,904; revenue up 2% to $1.8B on 3% higher pricing per WSEE.
On August 27, 2024, Insperity, Inc. (the “Company”) announced the retirement of Douglas S. Sharp, Executive Vice President of Finance, Chief Financial Officer and Treasurer, effective November 15, 2024.
On August 26, 2024, Douglas S. Sharp notified Insperity, Inc. (“Insperity”) of his decision to retire from Insperity, effective November 15, 2024.
James D. Allison, age 55, will assume the role of Executive Vice President of Finance, Chief Financial Officer and Treasurer, effective as of Mr. Sharp’s retirement.
Sean P. Duffy, age 52, will be promoted to the role of Senior Vice President of Finance and Accounting, effective as of Mr. Sharp’s retirement.
Effective May 22, 2024, the Board of Directors of Insperity, Inc. (the “Company”) appointed W. Philip Wilmington to the Board of Directors.
Max materiality 0.80 · Median 0.70 · Most common event earnings