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Insperity’s Q4 revenue up 17% on increase in worksite employees

February 11 2019

Professional employer organization Insperity Inc. (NYSE: NSP) reported fourth-quarter revenue rose 17.0%. The Houston-based firm reported the average number of worksite employees paid per month also rose by 17.0% in the fourth quarter.

(US$ thousands) Q4 2018 Q4 2017 % change
Revenue $966,756 $826,494 17.0%
Gross profit $161,591 $142,866 13.1%
Gross margin 16.7% 17.3%  
Net income $24,655 $15,554 58.5%


“As a result of our successful fall selling and retention campaign, we are starting 2019 with 15% worksite employee growth and are well positioned to continue our strong financial performance,” Chairman and CEO Paul Sarvadi said.

Full-year results

(US$ thousands) 2018 2017 % change
Revenue $3,828,549 $3,300,223 16.0%
Gross profit $681,909 $572,731 19.1%
Gross margin 17.8% 17.4%  
Net income $135,413 $84,402 60.4%


Insperity forecast the average number of worksite employees paid per month to increase 14.5% to 15.5% year over year in the first quarter.

Share price and market cap

Shares in Insperity were up 16.06% to $128.71 at 11:35 a.m. Eastern time; the company had a market cap of $4.64 billion, according to FT.com.


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