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Revenue rises 4% at largest PEO

November 03, 2014

Insperity Inc. (NYSE: NSP), the largest PEO in the US, reported revenue rose 3.8 percent in the third quarter to $560.3 million. The Houston-based company attributed the increase to a 1.8 percent increase in the average number of worksite employees paid per month and a 2.0 percent increase in revenues per worksite employee per month.

Quote

“We are pleased with our recent financial results and the growth acceleration that has unfolded over the past two quarters,” said Chairman and CEO Paul Sarvadi. “A continuation of these trends, combined with a successful year-end transition, would result in double-digit unit growth in 2015.”

Revenue

  Q3 2014 ($000s) Q3 2013 ($000s) % growth
Revenue $560,303 $539,869 3.8%

Gross margin

  Q3 2014 Q3 2013
Gross margin 18.0% 18.0%

Net income

  Q3 2014 ($000s) Q3 2013 ($000s) % growth
Net income $8,385 $10,082 -16.8%

Share price and market cap

Insperity shares rose 0.29 percent in early afternoon trading to $31.65. The company had a market cap of $806.70 million.