Insperity ( (NSP) ) has released its Q4 earnings. Here is a breakdown of the information Insperity presented to its investors.
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Insperity, Inc. is a renowned provider of human resources and business performance solutions, catering primarily to American businesses with a comprehensive suite of scalable HR services. The company is recognized for its premium HR service and technology offerings, aiding thousands of businesses across the United States.
In its latest earnings report for the fourth quarter and full year 2024, Insperity reported a mixed financial performance. The company experienced a decrease in the average number of worksite employees (WSEEs) paid, with a slight increase in revenues, driven by higher pricing per employee. Despite these revenue gains, the fourth quarter ended with a net loss, though the full year still showed a net income.
Key financial highlights include a 2% increase in fourth-quarter revenues to $1.6 billion, although the company reported a net loss of $9 million for the quarter, with an adjusted EBITDA of $23 million. For the full year, Insperity achieved a net income of $91 million, revenues of $6.6 billion, and an adjusted EBITDA of $270 million. The company also invested significantly in its strategic partnership with Workday and returned $152 million to shareholders through share repurchases and dividends.
Looking ahead, Insperity’s management is optimistic about 2025, expecting growth acceleration through strategic initiatives and continued investments in technology and services. The company aims to build on its current momentum and enhance its growth trajectory in the coming years, while maintaining a strong balance sheet to support its business strategy and shareholder returns.
