Insperity, Inc. provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR business services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising benefits and payroll administration, health and workers’ compensation insurance programs, personnel records management, employer liability management, assistance with government compliance, general HR advice, employee recruiting and support, employee performance management, and training and development services. It also provides Employee Service Cente...
19001 Crescent Springs Drive
Kingwood, TX 77339
Founded in 1986
Insperity, Inc Announces the Resignation of Peter Feld from the Board of Directors of the Company
May 11 17
On May 9, 2017, Peter Feld notified Insperity, Inc. that he had resigned from the Board of Directors of the company effective immediately in light of the aggregate beneficial ownership of the Company’s common stock by Starboard Value, LP and certain of its affiliates (collectively, “Starboard”) being below the Minimum Ownership Threshold specified in the prior agreements between the company and Starboard.
Insperity, Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter and Full Year of 2017
May 1 17
Insperity, Inc. announced unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company's revenues were $882,664,000 compared with $802,408,000 a year ago. Operating income was $53,492,000 compared with $53,043,000 a year ago. Income before income tax expense was $53,334,000 compared with $52,705,000 a year ago. Net income allocated to common shares was $34,847,000 or $1.69 per basic and diluted share compared with $32,029,000 or $1.53 per basic and diluted share a year ago. EBITDA was $58,211,000 compared with $57,613,000 a year ago. Adjusted EBITDA was $62,714,000 compared with $61,188,000 a year ago. Adjusted net income was $38,636,000 compared with $34,911,000 a year ago. Adjusted diluted net income per share of common stock was $1.84 against $1.63 a year ago.
For the second quarter, the company expects net income to be in the range of $10 million to $11 million, Depreciation and amortization of $4 million, EBITDA of $21 million to $23 million, adjusted EBITDA of $27 million to $29 million, Diluted net income per share of common stock of $0.49 to $0.55, and Adjusted EPS of $0.65 to $0.71 per share.
For the full year, the company expects net income to be in the range of $78 million to $81 million, Depreciation and amortization of $17 million, EBITDA of $142 million to $146 million, adjusted EBITDA of $162 million to $166 million, Diluted net income per share of common stock of $3.70 to $3.84, and Adjusted EPS of $4.30 to $4.44 per share. For the remaining quarters, the company continues to estimate a tax rate of 38%, which then equates to a full year rate of 36%.
Insperity Declares Quarterly Dividend, Payable on May 30, 2017
May 1 17
Insperity, Inc. announced that its board of directors has approved an increase in its quarterly cash dividend to $0.30 per share. The cash dividend, representing an increase of $0.05 per share over the prior quarter, will be paid on May 30, 2017 to all stockholders of record as of May 15, 2017.