Insperity, Inc. provides an array of 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 offering through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions, including 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 other busi...
19001 Crescent Springs Drive
Kingwood, TX 77339
Founded in 1986
Insperity, Inc. Raises Quarterly Dividend Payable on June 29, 2015
May 29 15
Insperity, Inc. announced that its board of directors has approved an increase in its quarterly cash dividend to $0.22 per share. The cash dividend, representing an increase of $0.03 per share over the prior quarter, will be paid on June 29, 2015 to all stockholders of record as of June 15, 2015.
Insperity, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
May 1 15
Insperity, Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $699,479,000 compared with $636,999,000 for the same period last year. Operating income was $23,520,000 compared with $16,591,000 for the same period last year. Income before income tax expense was $23,527,000 compared with $16,612,000 for the same period last year. Net income allocated to common shares was $13,432,000 or $0.54 diluted per share compared with $9,282,000 or $0.37 diluted per share for the same period last year. EBITDA was $28,912,000 compared with $21,935,000 for the same period last year. Adjusted EBITDA was $42,290,000 compared with $24,335,000 for the same period last year. Adjusted earnings per share were $0.86, an increase of 105% over the first quarter of the prior year.
As for the full year, the company continued to expect a 10% to 12% increase in average paid worksite employees over 2014. It is forecasting significantly higher adjusted EBITDA from initial guidance based upon the strong first quarter results and some further improvement in gross profit and operating leverage over the remainder of the year. So its is now forecasting an increase in adjusted EBITDA of 33% to 38% over 2014 to a range of $112 million to $116 million. The company is forecasting 2015 adjusted EPS of $2.15 to $2.24, an increase of 48% to 54% over '14.
As for the second quarter, the company is forecasting adjusted EBITDA of $20 million to $22 million, which is down sequentially from first quarter of this year due to the typical seasonality in gross profit. Adjusted EPS is projected in the range of $0.36 to $0.40 or an increase of 71% to 90% over second quarter of the prior year.
Insperity, Inc. Appoints Michelle McKenna-Doyle as New Independent Director to Board
Apr 24 15
Insperity, Inc. announced that its board of directors has appointed Michelle McKenna-Doyle as a new Independent Director. Michelle McKenna-Doyle currently serves as Chief Information Officer (CIO) and Senior Vice President (SVP) of the National Football League (NFL). Ms. McKenna-Doyle has been appointed as a Class I director.