Daily News
View All NewsInsperity’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 | $15,554 | 58.5% |
Quote
“As a result of our successful fall selling and retention campaign, we are starting 2019 with 15% worksite employee growth and are well positioned to continue our strong financial performance,” Chairman and CEO Paul Sarvadi said.
Full-year results
| (US$ 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% |
Guidance
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.