β€’
Sep 30, 2024

Insperity Q3 2024 Earnings Report

Insperity's Q3 2024 financial performance reflected a mix of revenue growth and profitability challenges.

Key Takeaways

Insperity reported a 1% increase in revenue to $1.6 billion, driven by a 3% increase in revenue per WSEE, offset by a 2% decrease in paid WSEEs. Net income was $3 million, with diluted EPS at $0.07, while adjusted EPS was $0.39. The average number of WSEEs paid decreased by 2% year-over-year to 309,088.

Q3 average number of WSEEs paid decreased 2% year-over-year.

Q3 net income was $3 million; diluted EPS was $0.07.

Q3 adjusted EPS was $0.39; adjusted EBITDA was $39 million.

Revenues in Q3 2024 increased 1% to $1.6 billion.

Total Revenue
$1.56B
Previous year: $1.55B
+0.6%
EPS
$0.39
Previous year: $1.46
-73.3%
Average WSEEs Paid
309.09K
Previous year: 315.34K
-2.0%
Gross Profit
$229M
Previous year: $258M
-11.2%
Cash and Equivalents
$470M
Previous year: $679M
-30.7%
Free Cash Flow
-$164M
Previous year: $201M
-181.4%
Total Assets
$1.93B
Previous year: $2B
-3.2%

Insperity

Insperity

Forward Guidance

Insperity provided its updated guidance for 2024, including the fourth quarter of 2024.