Insperity Q2 2024 Earnings Report
Key Takeaways
Insperity reported a 1% increase in revenue to $1.6 billion and a 16% increase in gross profit to $260 million for Q2 2024. Adjusted EPS increased by 34% to $0.86, and adjusted EBITDA increased by 29% to $66 million. The average number of worksite employees paid per month decreased by 1% year-over-year.
Average number of WSEEs paid decreased 1% year-over-year.
Gross profit increased 16% due to strong pricing and lower benefits costs.
Net income was $18 million, with a diluted EPS of $0.48.
Adjusted EPS increased 34% to $0.86, and adjusted EBITDA increased 29% to $66 million.
Insperity
Insperity
Forward Guidance
Insperity provided updated guidance for Q3 and full year 2024, projecting adjusted EPS of $0.21-$0.45 for Q3 and $3.33-$3.88 for the full year, along with adjusted EBITDA of $32-$45 million for Q3 and $261-$290 million for the full year.