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Insperity, Inc. (NSP) is a leading provider of human resources and business solutions, trusted by America's top businesses for over 27 years. Headquartered in Houston, Texas, Insperity offers a broad array of services aimed at improving business performance. Its core offerings include human capital management, payroll services, time and attendance, performance management, organizational planning, recruiting services, employment screening, financial services, expense management, retirement services, and insurance services.
The company was founded in April 1986 and operates from multiple locations across the United States, with 57 offices serving over 100,000 businesses and more than 2 million employees. Its workforce optimization™ and synchronization solutions provide comprehensive support in areas such as payroll and employment administration, employee benefits and compensation, and government compliance. These services help businesses enhance productivity, reduce liabilities, and offer better benefits.
In 2014, Insperity reported revenues of $2.4 billion and employed around 2,200 corporate employees. The company continues to innovate and expand its service offerings to meet the evolving needs of small and midsize enterprises. By focusing on these businesses, Insperity generates all of its revenue domestically within the United States.
Recent projects and achievements highlight Insperity's commitment to helping businesses navigate complex human resources landscapes. The company's advisors provide customized solutions to address specific challenges, ensuring improved business outcomes.
For more detailed information and the latest updates about Insperity, explore the current developments, news, and performance metrics on our site.
Insperity (NYSE: NSP) announced that CFO Douglas S. Sharp will retire on November 15, 2024, after 21 years in the role. James D. Allison, currently executive VP of comprehensive benefit solutions and chief profitability officer, will succeed Sharp as CFO. Allison, who joined Insperity in 1997, has extensive experience in finance and operations within the company. CEO Paul J. Sarvadi expressed confidence in Allison's leadership for the future of the business.
Additionally, Sean P. Duffy will be promoted to senior VP of finance and accounting, overseeing various financial functions. These changes reflect Insperity's succession planning and aim to consolidate gross profit operations and finance departments under a single executive officer.
Insperity (NYSE: NSP), a leading provider of HR and business performance solutions, has announced a quarterly cash dividend of $0.60 per share. The dividend will be paid on September 19, 2024 to stockholders of record as of September 5, 2024. This announcement demonstrates Insperity's commitment to returning value to shareholders and reflects the company's financial stability. The regular dividend payment suggests confidence in the company's cash flow and future prospects.
Insperity (NYSE: NSP) reported Q2 2024 results with a 1% decrease in average worksite employees (WSEEs) paid per month to 306,958. Despite this, the company saw a 16% increase in gross profit to $260 million, driven by strong pricing and lower benefits costs. Q2 net income was $18 million, with diluted EPS of $0.48. Adjusted EPS rose 34% to $0.86, and adjusted EBITDA increased 29% to $66 million.
For the first half of 2024, Insperity returned $81 million to shareholders through share repurchases and dividends. The company updated its 2024 guidance, projecting a year-over-year decrease in average WSEEs paid between 0.5% and 1.5%, and adjusted EPS between $3.33 and $3.88.
Insperity (NYSE: NSP), a leading provider of HR and business performance solutions, has announced its upcoming second quarter earnings release and conference call. The earnings will be released before the NYSE opening on Thursday, August 1, 2024. A teleconference hosted by management will follow at 8:30 a.m. ET to discuss quarterly results and business trends.
Investors and interested parties can access the call at 888-506-0062 (conference ID: 470125) or via webcast at http://ir.insperity.com. A replay will be available for one week at 877-481-4010 (conference ID: 50892), and the webcast will be archived for a year. The company will also post the conference call script and updated guidance for Q3 and full-year 2024 on its Investor Relations website.
Insperity (NYSE: NSP), a leading provider of HR and business performance solutions for small and medium-sized businesses in America, has appointed Phil Wilmington as a new independent director on its board. Wilmington, who previously served as Vice Chairman of Workday, brings extensive experience in the HR services and software sector. He will serve as a Class I director on the Compensation Committee, with his term expiring in 2026. Chairman and CEO Paul J. Sarvadi emphasized Wilmington's potential to contribute to Insperity’s strategic growth and innovation.
Insperity (NSP) has announced an increase in its quarterly cash dividend from $0.57 to $0.60 per share.
This decision was approved by the company's board of directors, and the dividend will be paid on June 21, 2024, to all shareholders of record as of June 7, 2024.
Insperity is recognized for providing HR and business performance solutions to leading American businesses.
Insperity, Inc. (NYSE: NSP) reported Q1 results showing a 1% decrease in worksite employees, 4% increase in gross profit, and revenues up 2% to $1.8 billion. The company repurchased 233,000 shares and paid dividends of $21 million in Q1 2024. The adjusted EPS was $2.27, and adjusted EBITDA was $142 million.
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