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Jun 30, 2022
Insperity Q2 2022 Earnings Report
Reported strong results driven by impressive growth in paid worksite employees and strong demand for services.
Key Takeaways
Insperity reported a strong second quarter with a 20.8% increase in revenues to $1.4 billion and a 19.4% increase in average worksite employees paid. Adjusted EPS increased by 27.5% to $1.16, and adjusted EBITDA increased by 24.6% to $75.0 million.
Q2 average number of WSEEs paid and revenues up 19% and 21%, respectively
Q2 net income and diluted EPS of $33.6 million and $0.87, respectively
Q2 adjusted EBITDA up 25% to $75.0 million
Q2 adjusted EPS up 27% to $1.16
Forward Guidance
The company updated its guidance for 2022, including the third quarter of 2022. Q3 2022 Average WSEEs paid 301,300—303,900, Adjusted EPS $0.83—$1.06, Adjusted EBITDA (in millions) $59—$71. Full Year 2022 Average WSEEs paid 294,600—297,200, Adjusted EPS $4.68—$5.25, Adjusted EBITDA (in millions) $305—$335.
Positive Outlook
- Q3 2022 Average WSEEs paid 301,300—303,900
- Q3 2022 Adjusted EPS $0.83—$1.06
- Q3 2022 Adjusted EBITDA (in millions) $59—$71
- Full Year 2022 Average WSEEs paid 294,600—297,200
- Full Year 2022 Adjusted EPS $4.68—$5.25
Challenges Ahead
- Full Year 2022 Adjusted EBITDA (in millions) $305—$335
- Q3 2022 Year-over-year increase (decrease) Adjusted EPS (7)%—19%
- Q3 2022 Year-over-year increase (decrease) Adjusted EBITDA (2)%—18%
- Closely monitor the impact of the pandemic
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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