Insperity Q2 revenue up 1%, gross profit up 16%; 2024 adjusted EPS guided to $3.33-$3.88
Insperity reported second-quarter 2024 revenue up 1% to $1.6 billion and net income of $18 million, up from $12 million a year earlier, and issued updated 2024 guidance. The outlook calls for full-year adjusted EPS of $3.33 to $3.88 (down 30% to 40% year over year) and Q3 adjusted EPS of $0.21 to $0.45 (down 69% to 86%), so quarterly gains are offset by a much weaker expected earnings trend for the rest of the year.
Key points
- Q2 2024 gross profit rose 16% to $260 million; net income was $18 million versus $12 million, and diluted EPS was $0.48 versus $0.33
- Average paid worksite employees fell 1% to 306,958 in Q2 2024, with client retention at 99%
- Full-year 2024 guidance: adjusted EPS of $3.33 to $3.88 and adjusted EBITDA of $261 million to $290 million
- Year-to-date net income fell 9% to $97 million; the company cited a $19 million Workday partnership cost in operating expenses
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.