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Sep 30, 2022
Insperity Q3 2022 Earnings Report
Insperity's Q3 2022 results reflected strong growth and profitability, driven by demand and execution.
Key Takeaways
Insperity reported a strong third quarter with a 19% increase in revenues and a 38% increase in adjusted EPS. The average number of worksite employees paid per month increased by 17.8%. The company is focused on achieving a strong start to 2023.
Q3 average number of WSEEs paid and revenues up 18% and 19%, respectively
Q3 net income and diluted EPS of $37.7 million and $0.98, respectively
Q3 adjusted EBITDA up 33% to $79.8 million and adjusted EPS up 38% to $1.23
Client retention remained strong, averaging 99% per month for the quarter
Forward Guidance
Insperity updated its guidance for 2022, including the fourth quarter of 2022.
Positive Outlook
- Q4 2022 Average WSEEs paid: 308,000—310,700
- Q4 2022 Year-over-year increase: 14.5%—15.5%
- Q4 2022 Adjusted EPS: $0.87—$0.98
- Q4 2022 Year-over-year increase: 156%—188%
- Q4 2022 Adjusted EBITDA (in millions): $62—$68
Historical Earnings Impact
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Avg. Return Before/After Earnings
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