Insperity, Inc. (NYSE:NSP) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Paul Sarvadi - Chairman and CEO Douglas Sharp - EVP of Finance, CFO and Treasurer Jim Allison - EVP, Comprehensive Benefits Solution and CPO Conference Call Participants Andrew Nicholas - William Blair Tobey Sommer - Truist Mark Marcon - Baird Jeff Martin - Roth Capital Partners Andrew Polkowitz - JP Morgan Operator Good morning. My name is Jenny, and I will be your conference operator today. I would ...

Insperity, Inc. (NSP) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 21.88%. A quarter ago, it was expected that this company would post earnings of $0.73 per share when it actually produced earnings of $0.86, delivering a surprise of 17.81%. Over the last four quarters, the company ...

Exhibit 99.1 Insperity Announces Third Quarter Results HOUSTON – October 31, 2024 – Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America's best businesses, today reported results for the third quarter ended September 30, 2024. Insperity will be hosting a conference call today at 8:30 a.m. ET to discuss these results and our updated 2024 outlook and will be posting an accompanying presentation to its investor website at http://ir.insperity.com. • Q ...

Insperity (NSP) witnesses significant top-line growth due to its diversified revenue base and benefits from the growing Professional Employer Organization (PEO) industry. However, rising expenses are expected to keep the bottom line under pressure. The company's revenues for 2024 and 2025 are expected to increase 2.1% and 7.5%, respectively, year over year. The company has an expected long-term (three to five years) earnings per share growth rate of 15%. Factors That Auger Well Insperity's diversified reven ...

Insperity, Inc. (NSP) reported mixed second-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, while revenues missed the same. NSP shares have declined 4.1% since its earnings release on Aug 1 despite an earnings beat. Adjusted earnings (excluding 38 cents from non-recurring items) of 86 cents per share outpaced the consensus estimate by 17.8% and increased 34.4% year over year. Revenues of $1.6 billion missed the Zacks Consensus Estimate by a slight margin but increased 1.3% fro ...

Financial Performance - Revenues for Q2 2024 were $1,605 million, a 1.3% increase from $1,585 million in Q2 2023[9] - Gross profit for Q2 2024 was $260 million, up 15.6% from $225 million in Q2 2023[9] - Net income for the six months ended June 30, 2024, was $97 million, compared to $107 million for the same period in 2023, reflecting a decrease of 9.3%[10] - Operating income for Q2 2024 was $23 million, an increase from $16 million in Q2 2023, representing a 43.8% growth[9] - The company reported a basic net income per share of $0.48 for Q2 2024, compared to $0.34 for Q2 2023, marking a 41.2% increase[9] - Net income for the three months ended June 30, 2024, was $18 million, compared to $12 million for the same period in 2023, representing a 50% increase[51] - Adjusted net income decreased by 7% to $119 million in the first six months of 2024, compared to $128 million in the same period of 2023[95] Cash Flow and Liquidity - Cash flows from operating activities for the six months ended June 30, 2024, were $51 million, a significant improvement from a cash outflow of $70 million in the same period of 2023[10] - Cash and cash equivalents at the end of Q2 2024 were $676 million, down from $693 million at the end of 2023[6] - As of June 30, 2024, the total cash, cash equivalents, and marketable securities amounted to $694 million, a decrease from $746 million on December 31, 2023[34] - The company reported cash and cash equivalents of $676 million as of June 30, 2024, compared to $580 million for the same period in 2023, reflecting a year-over-year increase of 16.5%[38] - The outstanding balance on the revolving credit facility was $369 million as of June 30, 2024, with an available borrowing capacity of $280 million[44] - The revolving credit facility has a current borrowing capacity of $650 million, which is available for working capital and general corporate purposes[89] Revenue and Billing - Total revenue for the second quarter of 2024 was $1,605 million, a 1% increase from $1,585 million in the same period of 2023[32] - Revenue for the first six months of 2024 reached $3,407 million, up 2% from $3,355 million in the first half of 2023[32] - Gross billings for the second quarter of 2024 were $10,361 million, compared to $10,245 million in the second quarter of 2023[33] - Revenues per WSEE per month increased by 3%, or $46, in Q2 2024[59] - Revenues per WSEE per month increased by $50 due to a 3% rise in average pricing[69] Expenses and Costs - Operating expenses for Q2 2024 increased 13% to $237 million compared to $209 million in Q2 2023[74] - Salaries for corporate and sales staff increased 15% to $126 million in Q2 2024, primarily due to a 6% increase in headcount[75] - General and administrative expenses for Q2 2024 rose 30% to $57 million, driven by increased software licensing and professional services fees[76] - The cost of group health insurance and related employee benefits decreased by $18 per WSEE per month in Q2 2024 compared to Q2 2023[66] - Workers' compensation costs decreased by 5%, or $1 per WSEE per month, in YTD 2024 compared to YTD 2023[70] Shareholder Returns - The company paid dividends totaling $44 million in the first half of 2024, compared to $42 million in the same period of 2023[10] - Total dividends declared and paid during the six months ended June 30, 2024, amounted to $44 million, up from $42 million in the same period of 2023[50] - The company repurchased 203,744 shares of common stock under its Repurchase Program during the six months ended June 30, 2024[48] Assets and Liabilities - Total current assets as of June 30, 2024, were $1,621 million, slightly up from $1,595 million at the end of 2023[7] - Total liabilities decreased to $1,007 million as of June 30, 2024, from $1,013 million at the end of 2023[7] - As of June 30, 2024, unbilled accounts receivable amounted to $727 million, up from $669 million at December 31, 2023[31] - Payroll taxes and other payroll deductions payable were $504 million as of June 30, 2024, down from $566 million at the end of 2023[40] Health Insurance and Claims - The estimated incurred but not reported claims for health insurance were based on claims processed, completion rates, and participant demographics[21] - The company recorded a decrease of $26 million in benefits costs for the first six months of 2024 due to changes in estimated run-off related to prior periods[22] - Workers' compensation costs were reduced by $17 million for the first six months of 2024 due to changes in estimated losses related to prior periods[25] - The accumulated cash surplus required to be maintained in the health insurance plan is $9 million, with a surplus of $18 million as of June 30, 2024[22] - Premiums owed to United at June 30, 2024, were $35 million, included in accrued health insurance costs[94] Tax and Regulatory - Effective income tax rate for the first six months of 2024 was 29%, up from 24% in the same period of 2023[80] - The company had $97 million in funds received from the IRS related to employee retention tax credits, which were distributed to clients in early July 2024[37] Adjusted Metrics - Adjusted EBITDA increased by 29% to $66 million in Q2 2024[58] - Adjusted EBITDA for the six months ended June 30, 2024, was $208 million, compared to $114 million for the same period in 2023, marking an 83% increase[86] - Total non-GAAP adjustments for net income in the three months ended June 30, 2024, amounted to $15 million, leading to an adjusted net income of $33 million, a 32% increase year-over-year[87]

Insperity, Inc. (NYSE:NSP) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Douglas Sharp - Executive Vice President of Finance, Chief Financial Officer & Treasurer Paul Sarvadi - Chairman of the Board & Chief Executive Officer Conference Call Participants Andrew Nicholas - William Blair Mark Marcon - Robert W Baird & Company Jeff Martin - Roth Capital Partners Jack Wilson - Truist Securities Operator Good morning. My name is Jenny, and I will be your conference operator today ...

r y Insperity. HR that Mokes a Difference" Earnings Call and Webcast Q2 2024 August 1, 2024 Safe Harbor Statement The statements contained herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify such forward-looking statements by the words "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "likely," "possibly," "probably," "could ...

Insperity, Inc. (NSP) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 17.81%. A quarter ago, it was expected that this company would post earnings of $2.11 per share when it actually produced earnings of $2.27, delivering a surprise of 7.58%. Over the last four quarters, the company h ...

Exhibit 99.1 Insperity Announces Second Quarter Results HOUSTON – August 1, 2024 – Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America's best businesses, today reported results for the second quarter ended June 30, 2024. Insperity will be hosting a conference call today at 8:30 a.m. ET to discuss these results and our updated 2024 outlook and will be posting an accompanying presentation to its investor website at http://ir.insperity.com. • Q2 ave ...