Insperity, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 08:16 am
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Insperity, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,580.2 million compared to USD 1,489.71 million a year ago. Net income was USD 19.56 million compared to USD 38.2 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.99 a year ago.
For the full year, sales was USD 6,485.87 million compared to USD 5,938.82 million a year ago. Net income was USD 171.38 million compared to USD 179.35 million a year ago. Basic earnings per share from continuing operations was USD 4.53 compared to USD 4.7 a year ago. Diluted earnings per share from continuing operations was USD 4.47 compared to USD 4.64 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.