Insperity Inc. News Release (11/01/12)
Insperity Inc. today reported results for the third quarter and nine months ended Sept. 30, 2012. For the third quarter, the company reported net income of $11.5 million and diluted earnings per share of $0.45. For the nine months ended Sept. 30, 2012, the company reported net income of $31.0 million and diluted earnings per share of $1.20.
Revenues for the third quarter of 2012 increased 8.5% over the third quarter of 2011 due to a 7.5% increase in the average number of work site employees paid per month and a 1.0% increase in revenues per work site employee per month. Gross profit increased 13.1% over the third quarter of 2011 to $98.4 million. The average gross profit per work site employee per month increased $13, or 5.3%, to $258 in the third quarter of 2012 from $245 in the 2011 period, primarily due to lower benefits costs.
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