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Sep 30, 2020
Insperity Q3 2020 Earnings Report
Reported results for the third quarter ended Sep. 30, 2020.
Key Takeaways
Insperity's Q3 2020 results showed a decrease in revenue by 3% to $1.0 billion, but an increase in gross profit by 8% to $185.0 million. Net income was $20 million, with diluted EPS at $0.51. Adjusted EPS increased by 21% to $0.91, and adjusted EBITDA increased by 13% to $57.6 million.
Q3 net income and diluted EPS of $20 million and $0.51, respectively
Q3 adjusted EPS up 21% to $0.91
Q3 adjusted EBITDA up 13% to $58 million
Average number of worksite employees paid per month in Q3 2020 increased 1.7% sequentially over the Q2 period to 231,750.
Insperity
Insperity
Forward Guidance
The company also announced its updated guidance for 2020, including the fourth quarter of 2020.