Insperity, Inc. provides an array of human resources (HR) and business solutions to help enhance business performance for small and medium-sized businesses. The company provides its HR business offering through its Workforce Optimization solution, which encompasses a range of human resource functions, including payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services. It also offers human capital management, payroll services, time and attendance, performance management, organizational planning, recruiting services, employment screening, financial services, expense management, retireme...
19001 Crescent Springs Drive
Kingwood, TX 77339
Founded in 1986
Insperity, Inc. Declares Quarterly Cash Dividend, Payable on December 18, 2013
Nov 13 13
Insperity, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.17 per share. The dividend will be paid on December 18, 2013, to all stockholders of record as of December 2, 2013.
Insperity, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Effective Income Tax Rate Guidance for the Fourth Quarter of 2013; Updates Earnings Guidance for 2013
Nov 1 13
Insperity, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenues of $539,869,000 against $511,953,000 a year ago. Revenues for the third quarter of 2013 increased 5.5% over the third quarter of 2012 due to a 1.7% increase in the average number of worksite employees paid per month and a 3.6% increase in revenues per worksite employee per month. Operating income was $17,112,000 against $19,140,000 a year ago. Income before income tax expense was $17,137,000 against $19,279,000 a year ago. Net income allocated to common shares was $9,793,000 or $0.39 per diluted share against $11,118,000 or $0.45 per diluted share a year ago. EBITDA was $22,527,000 against $24,027,000 a year ago. Adjusted EBITDA was $25,276,000 against $26,456,000 a year ago. Adjusted net income was $10,082,000 against $11,452,000 a year ago. Adjusted diluted net income per share of common stock was $0.39 against $0.45 a year ago. The company reported third quarter earnings of $0.39 per share, a higher-than-expected number, and associated cost of large health care claims contributed to these results being just below the low end of the implied EPS range from key metrics guidance. As for key metrics, paid worksite employees averaged 129,248 for the quarter, which was a sequential increase of 2% over second quarter of 2013, however, below forecasted rate of 130,000 to 130,500. Gross profit per worksite employee per month averaged $251, which was below its third quarter forecasted range of $260 to $262 on a higher-than-expected deficit in benefits direct cost center. The impact of the shortfall on these 2 metrics on third quarter earnings was partially offset by lower operating expenses, which totaled $80.3 million.
For the nine months, the company reported revenues of $1,698,979,000 against $1,626,386,000 a year ago. Operating income was $49,349,000 against $51,601,000 a year ago. Income before income tax expense was $46,836,000 against $52,204,000 a year ago. Net income allocated to common shares was $25,974,000 or $1.04 per diluted share against $30,059,000 or $1.20 per diluted share a year ago. EBITDA was $62,792,000 against $65,805,000 a year ago. Adjusted EBITDA was $73,822,000 against $73,190,000 a year ago. Adjusted net income was $29,422,000 against $30,957,000 a year ago. Adjusted diluted net income per share of common stock was $1.14 against $1.20 a year ago. Capital expenditures were $9 million.
For the fourth quarter of 2013, the company expects an effective income tax rate of 41%. This estimated tax rate excludes an expected tax credit associated with investments in software development as allowed under a recent interpretation of IRS guidelines.
The company’s updated key metrics guidance implies a range of 2013 full year earnings per share of $1.35 to $1.40 or approximately $0.20 per share below previous guidance. This expected shortfall is generally split evenly between the forecasted lower level of paid worksite employees and the higher deficit in health care plan.
Insperity, Inc. Releases Insperity Pulse Check
Oct 31 13
Insperity, Inc. announced the release of Insperity Pulse Check, an interactive health care reform assessment tool specifically designed to help business leaders understand and prepare for the impact of the Affordable Care Act (ACA). Insperity Pulse Check features an intuitive online questionnaire that covers company-specific information, such as the total number of part-time and full-time employees, general workforce demographics and basic information about current health coverage options. Insperity Pulse Check uses the business leader's responses to generate a customized assessment that provides comprehensive information about the potential impact of health care reform. The assessment categorizes critical considerations into the areas of complexity, compliance and cost to help businesses create and implement an actionable strategy to address health care reform in 2014 and beyond.