Insperity, Inc. (NSP) reported lower-than-expected first-quarter 2025 results.The stock has declined 17% since the earnings release on April 29 in response to dismal earnings and a weak earnings-per-share guidance.For 2025, the company lowered the adjusted earnings per share (EPS) guidance to $2.23-$3.28 from the previous quarter’s view of $3.10-$3.95. The mid-point ($2.76) of the company’s guidance range is higher than the Zacks Consensus Estimate for earnings of $2.48 per share.Adjusted earnings (excludin ...

Financial Performance - Revenues for Q1 2025 were $1,863 million, a 3.4% increase from $1,802 million in Q1 2024[12] - Gross profit decreased to $310 million in Q1 2025, down 10.1% from $345 million in Q1 2024[12] - Operating income fell to $68 million in Q1 2025, a decline of 37.0% compared to $108 million in Q1 2024[12] - Net income for Q1 2025 was $51 million, down 35.4% from $79 million in Q1 2024[12] - Basic net income per share decreased to $1.37 in Q1 2025 from $2.11 in Q1 2024, a decline of 35.0%[12] - Total revenue for Q1 2025 was $1,863 million, a 3% increase from $1,802 million in Q1 2024[34] - Revenues from the Northeast region increased by 3% to $526 million in Q1 2025 compared to $509 million in Q1 2024[34] - Basic earnings per share (EPS) for Q1 2025 was $1.34, compared to $2.14 in Q1 2024[57] Cash Flow and Liquidity - Cash flows from operating activities showed a net cash used of $443 million in Q1 2025, compared to $31 million provided in Q1 2024[13] - The company reported a decrease in cash, cash equivalents, and restricted cash to $846 million at the end of Q1 2025, down from $978 million at the end of Q1 2024[13] - Cash and cash equivalents totaled $1,039 million as of March 31, 2025, compared to $693 million in 2024, indicating a significant increase[43] - The outstanding balance on the revolving credit facility was $369 million as of March 31, 2025, with an available borrowing capacity of $280 million[48] - As of March 31, 2025, the company had outstanding borrowings totaling $370 million under its Facility, which bears interest at a variable market rate[115] - The average interest rate for the three-month period ended March 31, 2025, was 6.2%[50] Operating Expenses - Total operating expenses increased to $242 million in Q1 2025, up from $237 million in Q1 2024[12] - Accrued workers' compensation costs were reduced by $7 million in Q1 2025 and $9 million in Q1 2024 due to changes in estimated losses related to prior periods[26] - The ending balance for incurred but not paid workers' compensation claims was $196 million as of March 31, 2025, down from $215 million in 2024, representing an 8.8% decrease[27] - The average discount rate for workers' compensation cost estimates was 4.0% in Q1 2025, down from 4.5% in Q1 2024[26] Shareholder Returns - The company declared and paid dividends totaling $23 million in Q1 2025, up from $21 million in Q1 2024, with a dividend per share of $0.60 compared to $0.57[55] - The company repurchased 45,000 shares under its Repurchase Program during the three months ended March 31, 2025, with an additional 1,407,764 shares authorized for repurchase[53] - The company withheld 179,065 shares to satisfy tax withholding obligations for long-term incentive and restricted stock unit awards during Q1 2025[54] Strategic Initiatives and Risks - The company plans to develop a joint solution with Workday, Inc., which may enhance future product offerings[10] - The company has faced challenges related to data security and third-party provider failures, which could impact future operations[10] - The company believes that the outcome of ongoing litigation will not have a material adverse effect on its financial position or results of operations[58] Accounts Receivable - The company reported unbilled accounts receivable of $819 million as of March 31, 2025, compared to $810 million at the end of 2024[32]

Insperity (NSP) Q1 2025 Earnings Call April 29, 2025 01:48 PM ET Speaker0 morning. My name is Paul, and I will be your conference operator today. I would like to welcome everyone to the Insperity First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. At this time, I would like to introduce today's speakers. Joining us are Paul Sarvadi ...

Earnings Call and Webcast Q1 2025 Q1 results reflecting macroeconomic turbulence and healthcare cost volatility in stark contrast with the solid execution of our game plan for building the foundation for future growth acceleration Three initiatives expected to mitigate the recent healthcare trend effects in 2026 include recently implemented pricing plan, 2026 health plan design changes, and early contract renewal negotiations with UnitedHealthcare. Continued focus on the Insperity/Workday strategic partners ...

Insperity, Inc. (NSP) came out with quarterly earnings of $1.57 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -21.89%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.05, delivering a surprise of 150%.Over the last four quarters, the company ha ...

Insperity (NSP) Q1 2025 Earnings Call April 29, 2025 08:30 AM ET Company Participants James Allison - EVP & CFOPaul Sarvadi - Chairman and CEOTobey Sommer - Managing DirectorAndrew Polkowitz - Vice President Conference Call Participants Andrew Nicholas - Equity Research AnalystMark Marcon - Senior Research AnalystJeff Martin - Director of Research & Senior Research Analyst Operator morning. My name is Paul, and I will be your conference operator today. I would like to welcome everyone to the Insperity First ...

Exhibit 99.1 Insperity Announces First Quarter Results HOUSTON – April 29, 2025 – Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America's best businesses, today reported results for the first quarter ended March 31, 2025. Insperity will be hosting a conference call today at 8:30 a.m. ET to discuss these results and our updated 2025 outlook and will be posting an accompanying presentation to its investor website at http://ir.insperity.com. Cash outl ...

It has been about a month since the last earnings report for Insperity, Inc. (NSP) . Shares have added about 4.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Insperity due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It tu ...

Insperity, Inc. (NSP) reported impressive fourth-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.See Zacks Earnings Calendar to stay ahead of market-making news.The better-than-expected results impressed the market as the stock gained 26% since the release of results on Feb 10, 2025.Adjusted earnings (excluding 27 cents from non-recurring items) of 5 cents per share outpaced the consensus estimate by more than 100% but decreased 93.3% year over year. Revenues of $1 ...

Insperity, Inc. (NSP) reported impressive fourth-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.See Zacks Earnings Calendar to stay ahead of market-making news.The company’s earnings and revenue beat failed to impress the market as the stock declined 11.3% since the release of results on Feb 10, 2025.Adjusted earnings (excluding 27 cents from non-recurring items) of 5 cents per share outpaced the consensus estimate by more than 100% but decreased 93.3% year over y ...