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 Q2 net income up 180% to $4M; adjusted EPS up 31% to $0.34; updates 2026 guidance
Q2 revenues up 2% YoY to $1.7B; average paid WSEEs down 1% to 305,764.
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.
Insperity Q4 EPS $0.52 (adj $0.75); FY23 rev $6.5B; announces Workday partnership
Q4 2023 revenue $1.6B (+6% YoY), net income $19.6M, diluted EPS $0.52; adjusted EPS $0.75.
Insperity Q3 EPS $1.16, adjusted $1.46; revenues up 8% to $1.6B; updates FY2023 guidance
Q3 net income $44.3M ($1.16 diluted EPS); adjusted EPS $1.46, up 19% YoY; adjusted EBITDA $94.3M.
Insperity Q2 net income plunges 62%, adjusted EPS $0.64 vs $1.16 prior year; healthcare costs spike
Q2 net income $12.9M ($0.33 EPS) down 62% YoY; adjusted EPS $0.64 down 45%.
Insperity Q1 EPS $2.45, adjusted EPS $2.67; WSEEs up 10% to 306,691
Net income $94.6M, diluted EPS $2.45; adjusted EPS $2.67 (+34% YoY).
Insperity reports record Q4 and FY2022; adjusted EPS $1.21 and $5.59; WSEEs up 14% and 18%
Q4 net income $38.2M ($0.99 EPS); adjusted EPS $1.21, adjusted EBITDA $78.9M.
Insperity Q3 net income $37.7M; adjusted EPS up 38% to $1.23; WSEEs up 18%
Q3 revenues $1.4B, up 19% YoY; average paid WSEEs 303,347, up 17.8%.
Insperity Q2 adjusted EPS $1.16, up 27%; WSEE growth 19%; raises 2022 outlook
Q2 net income $33.6M ($0.87 diluted EPS); adjusted EPS $1.16, up 27.5% YoY.
Insperity Q1 net income $69.9M ($1.80 EPS); adjusted EPS $1.99, revenue up 22.6%
Q1 diluted EPS $1.80 (GAAP); adjusted EPS $1.99 (+9% YoY).
Q4 revenue $1.3B (+22% YoY); net income $9.7M, diluted EPS $0.25; adjusted EPS $0.34.
Insperity extends UnitedHealthcare medical coverage through 2026 with administrative cost savings
Medical coverage extended through 2026, dental through 2024.
Insperity Q3 net income $27.3M ($0.70 EPS); WSEE up 11%, revenue up 20% to $1.2B
Average paid worksite employees 257,560, up 11% YoY; client retention at 99%.
Insperity Q2 rev $1.2B (+19%), adjusted EPS $0.91 (-41% YoY), updates 2021 guidance
Q2 avg paid worksite employees 243,270 (+7% YoY); client retention at 99%.
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.
On October 31, 2023, Insperity, Inc. (the “Company”) announced the retirement of Daniel D. Herink, Executive Vice President of Legal, General Counsel and Secretary.
Max materiality 0.85 · Median 0.70 · Most common event earnings