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Dec 31, 2023
Insperity Q4 2023 Earnings Report
Insperity's Q4 2023 results were announced, showcasing a solid year despite a challenging environment for small businesses, with revenues increasing by 6% and average WSEEs paid rising by 2.5%.
Key Takeaways
Insperity reported a 6.1% increase in revenues to $1.6 billion and a 2.5% increase in average worksite employees (WSEEs) paid, totaling 315,072. Net income was $19.6 million, with diluted EPS at $0.52. The company also highlighted a new strategic partnership with Workday.
Q4 average number of WSEEs paid and revenues up 2.5% and 6%, respectively
Q4 net income of $19.6 million; diluted EPS of $0.52
Q4 adjusted EBITDA of $56.0 million; adjusted EPS of $0.75
Announced new strategic partnership with Workday
Insperity
Insperity
Forward Guidance
The company will be discussing both Q1 and full year 2024 guidance, including the impact of the new strategic partnership with Workday, on its earnings conference call.