Insperity(NSP)

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Insperity(NSP) - 2025 Q2 - Earnings Call Transcript
2025-08-01 13:32
Financial Data and Key Metrics Changes - The company reported Q2 2025 EPS of $0.26 and adjusted EBITDA of $32 million, slightly below the forecasted range due to higher than expected benefits costs [5][6] - Average paid worksite employees increased by 0.7% year-over-year to 309,115, with new sales contributing to a 2% increase in worksite employees [5][6] - Gross profit per worksite employee decreased to $240 per month from $282 in Q2 2024, primarily due to increased benefits costs [6][9] Business Line Data and Key Metrics Changes - Client retention averaged 99% per month, consistent with prior year results, while net hiring within the client base showed slight improvement [5][6] - Benefits costs per covered employee increased by 9.6% year-over-year in Q2, with pharmacy costs being a significant contributor [8][9] Market Data and Key Metrics Changes - The company noted that large claim frequency remains elevated, particularly for cancer and heart-related conditions, but did not observe adverse selection among new clients [8][9] - The overall economic environment for small and medium-sized businesses is showing signs of stabilization, which may lead to improved hiring trends [26][30] Company Strategy and Development Direction - The company is focused on executing a pricing plan and implementing plan design changes to address elevated benefits cost trends [34][30] - A strategic partnership with Workday is being leveraged to enhance HR solutions, with a new product architecture aimed at expanding the total addressable market [17][19] - The company plans to launch a fall sales campaign earlier than previous years, with strong incentives to drive sales and retention [25][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving accelerated growth and improved profitability in 2026 despite current challenges [14][30] - The company is optimistic about the potential for recovery in gross profit margins and operating expense management [27][30] Other Important Information - Operating expenses decreased by 3% year-over-year, with significant reductions in travel and professional fees [12] - The company returned $22 million in cash dividends to shareholders during Q2 2025, with a total of $45 million year-to-date [12] Q&A Session Summary Question: What is the expected financial impact of the Workday partnership in 2026? - Management indicated it is too early to predict the exact revenue and profitability impact from the Workday partnership, but they are excited about the progress [38][39] Question: Has there been improvement in net client hiring? - Management noted that underlying hiring has improved, although it remains below historical levels, and they expect further improvement [44][46] Question: Is the $150 million investment in Workday still appropriate? - Management believes the investment will exceed $150 million over five years, but the impact on the income statement will reduce significantly as they move closer to launch [49][50] Question: How will pricing and plan design changes affect healthcare costs? - Management stated that pricing changes will be the primary method to manage rising healthcare costs, with plan design changes serving to limit overall cost trends [67][68] Question: When will broad marketing efforts for Workday begin? - Management indicated that broad marketing efforts will likely occur in 2026, following the beta testing phases [71][72]
Insperity(NSP) - 2025 Q2 - Earnings Call Transcript
2025-08-01 13:30
Financial Data and Key Metrics Changes - The company reported Q2 2025 EPS of $0.26 and adjusted EBITDA of $32 million, slightly below the forecasted range due to higher than expected benefits costs [5][6] - Average paid worksite employees increased by 0.7% year-over-year to 309,115, with new sales contributing to a 2% increase in worksite employees [5][6] - Gross profit per worksite employee decreased to $240 per month from $282 in 2024, primarily due to increased benefits costs [6][7] - Benefits costs per covered employee increased by 9.6% year-over-year in Q2 and by 9% year-to-date [7][8] Business Line Data and Key Metrics Changes - Client renewals averaged 99% per month, consistent with prior year results, indicating strong client retention [5][6] - Net hiring within the client base showed improvement, slightly exceeding expectations and Q2 2024 levels, but still below historical norms [6][7] Market Data and Key Metrics Changes - The company noted that large claim frequency remains elevated, particularly for cancer and heart-related conditions, but did not observe adverse selection among new clients [7][8] - The overall economic environment for small and medium-sized businesses is showing signs of stabilization, which may lead to improved hiring trends [25][28] Company Strategy and Development Direction - The company is focused on executing plans to improve profitability in 2026 through pricing increases, plan design changes, and contract negotiations with UHC [9][10] - A new HR solution portfolio was announced, including Insperity HR 360, Insperity HR Core, and Insperity HR Scale, aimed at expanding the total addressable market [17][18] - The company is investing in AI capabilities to enhance service delivery and operational efficiency [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving accelerated growth and improved profitability in 2026 despite current challenges [14][25] - The company is optimistic about the potential for recovery in gross profit margins and operating expense management [26][30] - Recent federal legislation is seen as a catalyst for expansion in the SMB community, potentially improving hiring trends [25][28] Other Important Information - Operating expenses decreased by 3% year-over-year, with significant reductions in travel and professional fees [12] - The company returned $22 million in cash dividends to shareholders during the quarter and repurchased 224,000 shares at a cost of $19 million [12] Q&A Session Summary Question: Financial impact of Workday partnership in 2026 - Management indicated it is too early to predict the exact revenue and profitability impact from the Workday partnership, but they are excited about the progress [35][36] Question: Net client hiring dynamics - There has been an improvement in underlying hiring levels, although still below historical norms, with expectations for continued improvement [42][43] Question: Investment visibility and expenses related to Workday - The original $150 million investment is still considered appropriate, with expectations that some expenses will become capitalizable as the product nears launch [47][48] Question: Healthcare cost management strategies - Pricing changes are the primary method to manage rising healthcare costs, with plan design changes and contract negotiations as secondary strategies [65][66] Question: Timing for broader marketing efforts - Broader marketing efforts are expected to ramp up in 2026, following the beta testing phases [71][72]
Insperity(NSP) - 2025 Q2 - Earnings Call Presentation
2025-08-01 12:30
Q2 2025 Financial Performance - Average paid worksite employees increased by 1%[10] - Worksite employees paid from new client sales increased by 2% compared to Q2 2024[10] - Adjusted EBITDA decreased by 52%[14] - Adjusted EPS decreased by 70%[14] - Operating expenses decreased by 3% compared to Q2 2024[14] YTD June 2025 Financial Performance - Average paid worksite employees increased by 1%[17] - Worksite employees paid from new client sales increased by 2% compared to 2024[17] - Adjusted EBITDA decreased by 36%[20] - Adjusted EPS decreased by 42%[20] 2025 Outlook - The company expects average WSEEs paid to be between 310,300 and 313,400, representing a year-over-year increase of 1% to 2%[25] - The company expects adjusted EPS to be between $181 and $251, representing a year-over-year decrease of 49% to 30%[25] - The company expects adjusted EBITDA to be between $170 million and $205 million, representing a year-over-year decrease of 37% to 24%[25]
Insperity(NSP) - 2025 Q2 - Quarterly Results
2025-08-01 12:15
[Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) Insperity's Q2 2025 revenue grew 3% to $1.7 billion, but higher benefits costs led to a 14% gross profit decrease and a $5 million net loss, with year-to-date net income down 53% Q2 2025 Key Metrics vs. Q2 2024 (in millions, except WSEEs and EPS) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Average Paid WSEEs | 309,115 | 306,958 | +1% | | Revenues | $1.7 billion | $1.605 billion | +3% | | Gross Profit | $223 million | $260 million | -14% | | Net Income (Loss) | ($5 million) | $18 million | -128% | | Diluted EPS | ($0.14) | $0.48 | -129% | | Adjusted EBITDA | $32 million | $66 million | -52% | | Adjusted EPS | $0.26 | $0.86 | -70% | Year-to-Date (YTD) 2025 Key Metrics vs. YTD 2024 (in millions, except WSEEs and EPS) | Metric | YTD 2025 | YTD 2024 | Change | | :--- | :--- | :--- | :--- | | Average Paid WSEEs | 307,569 | 305,431 | +1% | | Revenues | $3.5 billion | $3.407 billion | +3% | | Gross Profit | $533 million | $605 million | -12% | | Net Income | $46 million | $97 million | -53% | | Diluted EPS | $1.22 | $2.56 | -52% | | Adjusted EBITDA | $134 million | $208 million | -36% | | Adjusted EPS | $1.83 | $3.13 | -42% | - The primary reason for the **14% decrease** in Q2 gross profit was higher-than-expected benefits costs, driven by elevated pharmacy trends and a high frequency of large healthcare claims[4](index=4&type=chunk) - During the first six months of 2025, Insperity returned **$64 million** to shareholders, consisting of **$19 million** in share repurchases (225,000 shares) and **$45 million** in cash dividends[8](index=8&type=chunk)[10](index=10&type=chunk) [Business Outlook & Strategy](index=1&type=section&id=Business%20Outlook%20%26%20Strategy) Management is implementing pricing and benefit plan changes to address rising costs and drive accelerated growth in 2026, with a Workday partnership beta launch planned for early next year, despite reduced 2025 guidance - Management is executing a plan focused on pricing adjustments and benefit plan design changes to address the elevated benefits cost trend and lay the foundation for **accelerated growth in 2026**[4](index=4&type=chunk)[6](index=6&type=chunk) - The strategic partnership with Workday, named "**Insperity HRScale**," has a targeted go-live date with beta clients early next year, and sales and marketing efforts have already commenced[4](index=4&type=chunk) Updated 2025 Guidance | Metric | Q3 2025 Guidance | Full Year 2025 Guidance | | :--- | :--- | :--- | | Avg. WSEEs Paid (YoY Growth) | 312,200 - 315,300 (1% - 2%) | 310,300 - 313,400 (1% - 2%) | | Adjusted EPS (YoY Change) | $0.06 - $0.49 ( (85)% - 26% ) | $1.81 - $2.51 ( (49)% - (30)% ) | | Adjusted EBITDA (YoY Change) | $24M - $44M ( (38)% - 13% ) | $170M - $205M ( (37)% - (24)% ) | [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) This section presents Insperity's unaudited consolidated financial statements as of June 30, 2025, reflecting revenue growth offset by increased costs and lower profitability [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets decreased to $2.02 billion due to lower cash, while total liabilities also fell to $1.91 billion, and stockholders' equity rose to $112 million Balance Sheet Summary (in millions) | Account | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $441 | $1,039 | | Total current assets | $1,517 | $2,085 | | **Total assets** | **$2,018** | **$2,597** | | **Liabilities & Equity** | | | | Total current liabilities | $1,357 | $1,930 | | Long-term debt | $369 | $369 | | **Total liabilities** | **$1,906** | **$2,500** | | **Total stockholders' equity** | **$112** | **$97** | [Consolidated Statements of Operations](index=8&type=section&id=Consolidated%20Statements%20of%20Operations) Q2 2025 revenues rose 3% to $1.66 billion, but a 7% cost increase led to a 14% gross profit decline, resulting in a $7 million operating loss and a $5 million net loss for the quarter Statement of Operations Summary (in millions) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Revenues | $1,658 | $1,605 | $3,521 | $3,407 | | Gross Profit | $223 | $260 | $533 | $605 | | Operating Income (Loss) | ($7) | $23 | $61 | $131 | | Net Income (Loss) | ($5) | $18 | $46 | $97 | [Key Financial and Statistical Data](index=9&type=section&id=Key%20Financial%20and%20Statistical%20Data) Q2 2025 per WSEE per month, revenues increased 3% to $1,788, but gross profit declined 15% to $240, and operating income shifted to an $8 loss, indicating significant margin compression Key Metrics Per WSEE Per Month | Metric | Q2 2025 ($) | Q2 2024 ($) | Change (%) | | :--- | :--- | :--- | :--- | | Revenues | $1,788 | $1,743 | +3% | | Gross profit | $240 | $282 | -15% | | Operating income (loss) | ($8) | $25 | -132% | [Non-GAAP Financial Measures & Reconciliations](index=10&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) This section defines and reconciles non-GAAP financial measures like Adjusted EBITDA and Adjusted EPS, providing greater transparency into core operational performance by excluding non-cash items - The company uses non-GAAP measures like **Adjusted EBITDA** and **Adjusted EPS** to provide investors with a view of performance similar to that used by management, primarily by excluding non-cash stock-based compensation[24](index=24&type=chunk)[25](index=25&type=chunk) Reconciliation of Net Income (Loss) to Adjusted EBITDA (in millions) | Line Item | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net income (loss) (GAAP)** | **($5)** | **$18** | **$46** | **$97** | | Adjustments (Taxes, Interest, D&A, etc.) | $17 | $28 | $57 | $81 | | **EBITDA** | **$12** | **$46** | **$103** | **$178** | | Stock-based compensation | $20 | $20 | $31 | $30 | | **Adjusted EBITDA (Non-GAAP)** | **$32** | **$66** | **$134** | **$208** | Reconciliation of Diluted EPS to Adjusted EPS | Line Item | Q2 2025 ($) | Q2 2024 ($) | YTD 2025 ($) | YTD 2024 ($) | | :--- | :--- | :--- | :--- | :--- | | **Diluted EPS (GAAP)** | **($0.14)** | **$0.48** | **$1.22** | **$2.56** | | Non-GAAP adjustments, net | $0.40 | $0.38 | $0.61 | $0.57 | | **Adjusted EPS (Non-GAAP)** | **$0.26** | **$0.86** | **$1.83** | **$3.13** | Reconciliation of 2025 Guidance (GAAP to Non-GAAP) | Metric | Q3 2025 Guidance ($) | Full Year 2025 Guidance ($) | | :--- | :--- | :--- | | **Diluted EPS (GAAP)** | **$(0.25) - $0.18** | **$0.59 - $1.29** | | Total non-GAAP adjustments, net | $0.31 | $1.22 | | **Adjusted EPS (Non-GAAP)** | **$0.06 - $0.49** | **$1.81 - $2.51** | [Other Information](index=3&type=section&id=Other%20Information) This section provides administrative and legal information, including conference call details, a corporate overview, and a safe harbor statement regarding forward-looking statements and associated risks [Conference Call and Webcast](index=3&type=section&id=Conference%20Call%20and%20Webcast) Insperity held a conference call and webcast on August 1, 2025, at 8:30 a.m. ET to discuss Q2 results and updated 2025 guidance, with replay options available - A conference call was held at 8:30 a.m. ET on the day of the release to discuss results and guidance, with details provided for live access and replay[15](index=15&type=chunk) [About Insperity](index=3&type=section&id=About%20Insperity) Insperity offers comprehensive HR solutions, combining service and technology to provide administrative relief and improved benefits, generating $6.6 billion in 2024 revenues with over 100 U.S. sales offices - Insperity offers comprehensive HR solutions to businesses, focusing on driving performance and growth. The company had 2024 revenues of **$6.6 billion** and operates over 100 sales offices in the U.S[16](index=16&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) This standard disclaimer cautions that forward-looking statements are subject to various risks, including economic conditions, healthcare costs, competition, and the Workday partnership, which could cause actual results to differ materially - The report contains forward-looking statements that are subject to risks and uncertainties. Key risk factors include: - Adverse economic conditions - Increases in health insurance and workers' compensation costs - Competition in the HR services industry - Ability to realize benefits from the strategic partnership with Workday, Inc - Disruptions of IT systems or data security breaches[17](index=17&type=chunk)[20](index=20&type=chunk)
Insperity Partners with Wingspan to Launch First Contractor Management Solution, Enabling Seamless Onboarding and Payments for 1099 Workers
Prnewswire· 2025-07-22 13:00
Insperity Contractor Management powered by Wingspan automates the entire contractor engagement lifecycle NEW YORK, July 22, 2025 /PRNewswire/ -- Wingspan, the first modern payments platform purpose-built for independent contractors, today announced a new strategic partnership with Insperity, Inc. (NYSE: NSP), a leading national provider of human resources and business performance solutions. The new solution, Insperity Contractor Management powered by Wingspan, is an all-in-one contractor management platform ...
Insperity Stock Declines 17% After Reporting Q1 Earnings Miss
ZACKS· 2025-05-08 16:05
Insperity, Inc. (NSP) Q1 2025 Results Summary Core Viewpoint - Insperity, Inc. reported lower-than-expected first-quarter 2025 results, leading to a 17% decline in stock price since the earnings release on April 29 due to disappointing earnings and weak EPS guidance [1] Financial Performance - Adjusted earnings per share (EPS) were 1.57 cents, missing the consensus estimate by 21.9% and decreasing 30.8% year over year [2] - Revenues totaled $1.9 billion, slightly missing the Zacks Consensus Estimate but increasing 3.4% from the previous year [2] - Gross profit declined 10% year over year to $310 million, with a gross margin of 16.6%, down 250 basis points from Q1 2024 [4] - Operating income fell 37% year over year to $68 million, with operating income per worksite employee (WSEE) per month at $74 compared to $118 in the prior year [5] Employee Metrics - The average number of worksite employees paid per month increased by 1% year over year to 306,023 [3] - Revenue per worksite employee (WSEE) per month rose 3% from the year-ago quarter to $2,029 [3] Guidance and Outlook - For 2025, the adjusted EPS guidance was lowered to $2.23-$3.28 from the previous range of $3.10-$3.95, with the mid-point of $2.76 exceeding the Zacks Consensus Estimate of $2.48 [1] - Q2 guidance for EPS is set at 29-67 cents per share, with the mid-point of 48 cents above the Zacks Consensus Estimate of 41 cents [7] - Adjusted EBITDA guidance for 2025 was reduced to $190-$245 million from $240-$285 million [7] Balance Sheet and Cash Flow - As of the end of Q1 2025, cash and cash equivalents stood at $551 million, down from $1 billion in the previous quarter [6] - Long-term debt remained flat at $369 million, and the company distributed $23 million in cash dividends during the quarter [6]
Insperity(NSP) - 2025 Q1 - Quarterly Report
2025-04-29 20:37
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) - 2025 Q1 - Earnings Call Transcript
2025-04-29 17:48
Financial Data and Key Metrics Changes - The company reported Q1 2025 adjusted EPS of $1.57 and adjusted EBITDA of $102 million, which fell below guidance due to higher than expected benefits costs [5][6] - The average number of paid worksite employees increased by 0.7% year-over-year to 306,023, but growth was slightly below guidance due to delays and cancellations in new client starts [5][6] - Gross profit per worksite employee decreased to $338 per month from $378 in Q1 2024, attributed to an 8.4% increase in benefits costs per covered employee [6][9] Business Line Data and Key Metrics Changes - Client retention improved to 91% in Q1 2025 from 88% in Q1 2024, indicating strong client loyalty despite market challenges [20] - Client net hiring was slightly positive but significantly weaker compared to historical norms [6][20] - The company experienced a 3% increase in worksite employees paid from new client sales compared to Q1 2024, despite overall hiring challenges [5][6] Market Data and Key Metrics Changes - A client survey indicated that 66% of respondents expect the economic climate to negatively affect their business, up from 29% in January [16] - The percentage of clients expecting to add employees in the coming quarter decreased to 34% from 43% [16] - The Northeast region showed better results compared to other areas, but overall trends were consistent across the nation [70] Company Strategy and Development Direction - The company is focusing on mitigating benefits cost challenges through pricing adjustments and plan design changes, with a forecasted benefits cost per covered employee range of 6.5% to 7.5% for the full year [10][35] - The strategic partnership with Workday is a key focus, with a go-to-market plan established to target mid-market businesses, which is expected to significantly drive growth starting in 2026 [30][31] - The company aims to leverage the Workday partnership to enhance service offerings and client engagement, particularly for businesses with 150 to 5,000 employees [88] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over the unexpected rise in benefits costs but remains optimistic about future profitability improvements in 2026 [10][64] - The company anticipates a modest improvement in worksite employee growth throughout the year, barring significant changes in the macroeconomic environment [36] - Management noted that the current period of uncertainty is less likely to be a temporary spike, suggesting a more cautious approach to forecasting [86] Other Important Information - Operating expenses were managed slightly below budget, with a 2% increase year-over-year, primarily due to investments in the Workday partnership [11][12] - The company returned $23 million in cash dividends and repurchased 224,000 shares at a cost of $19 million in Q1 [12] - The effective tax rate for the quarter was 29%, consistent with the previous year [12] Q&A Session Summary Question: Can you elaborate on the onboarding pauses mentioned in Q1? - Management noted a dramatic reversal in small business optimism due to government actions, leading to delays and cancellations in onboarding new clients [40][41] Question: What is the expected cadence of spending for the Workday partnership? - The company anticipates stable spending throughout the year, with costs expected to decrease in subsequent years as the project matures [45][48] Question: What actions from Washington could improve customer sentiment? - Management believes that stabilizing the tax system and regulatory environment could significantly boost confidence among clients [53][54] Question: How quickly can pricing adjustments be made in response to healthcare costs? - Pricing changes are already being implemented, with expectations for improved margins as the year progresses [63][64] Question: Are there regional or industry differences in healthcare costs and hiring hesitancy? - The company has observed better results in the Northeast, but overall trends are consistent across the nation [70] Question: What is the expected profitability from the Workday partnership? - Management anticipates higher upfront pricing and ongoing revenue contributions from the new joint solution, though specific figures are still being analyzed [78][79]
Insperity(NSP) - 2025 Q1 - Earnings Call Presentation
2025-04-29 17:10
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) Lags Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-29 14:15
分组1 - Insperity, Inc. reported quarterly earnings of $1.57 per share, missing the Zacks Consensus Estimate of $2.01 per share, and down from $2.27 per share a year ago, representing an earnings surprise of -21.89% [1] - The company posted revenues of $1.86 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.43%, compared to year-ago revenues of $1.8 billion [2] - Insperity has surpassed consensus EPS estimates three times over the last four quarters, but has topped consensus revenue estimates only once in the same period [2] 分组2 - The stock's immediate price movement will depend on management's commentary during the earnings call, with Insperity shares having added about 1.4% since the beginning of the year, contrasting with the S&P 500's decline of -6% [3] - The current consensus EPS estimate for the coming quarter is $0.71 on $1.68 billion in revenues, and for the current fiscal year, it is $3.46 on $6.91 billion in revenues [7] - The Staffing Firms industry, to which Insperity belongs, is currently in the bottom 7% of the Zacks Industry Rank, indicating potential underperformance compared to higher-ranked industries [8]