Insperity, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 08:00 am EDT
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Insperity, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,550.89 million compared to USD 1,439.16 million a year ago. Net income was USD 44.33 million compared to USD 37.67 million a year ago. Basic earnings per share from continuing operations was USD 1.17 compared to USD 0.99 a year ago. Diluted earnings per share from continuing operations was USD 1.16 compared to USD 0.98 a year ago.
For the nine months, sales was USD 4,905.67 million compared to USD 4,449.1 million a year ago. Net income was USD 151.82 million compared to USD 141.15 million a year ago. Basic earnings per share from continuing operations was USD 4 compared to USD 3.7 a year ago. Diluted earnings per share from continuing operations was USD 3.94 compared to USD 3.66 a year ago.
Insperity, Inc. provides an array of human resources (HR) and business solutions designed to help improve business performance. The Companyâs HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, PEO HR Outsourcing Solutions). PEO HR Outsourcing Solutions encompasses a range of human resources functions, including payroll and employment administration, employee benefits, worker's compensation, government compliance, performance management, and training and development services, along with its Insperity Premier platform, which is a cloud-based human capital management platform. Workforce Optimization is the Companyâs primary HR outsourcing solution. Workforce Synchronization, which is generally offered only to its middle market client segment, offers a typically longer commitment that includes the same compliance and administrative services as Workforce Optimization.