Insperity Inc (NYSE:NSP)
$ 81.32 2.47 (3.13%) Market Cap: 3.04 Bil Enterprise Value: 2.90 Bil PE Ratio: 25.82 PB Ratio: 23.71 GF Score: 83/100
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Q3 2022 Insperity Inc Earnings Call Transcript

Oct 31, 2022 / 02:00PM GMT
Release Date Price: $118.02 (+10.15%)
Operator

Welcome to this conference call. (Operator Instructions) At this time, I would like to introduce today's speakers. Joining us are Paul Sarvadi, Chairman of the Board and Chief Executive Officer; and Douglas Sharp, Executive Vice President of Finance, Chief Financial Officer and Treasurer.

At this time, I'd like to turn the call over to Douglas Sharp. Doug, please go ahead.

Douglas S. Sharp
Insperity, Inc. - Executive VP of Finance, CFO & Treasurer

Paul will then comment on the key drivers behind our Q3 results and our plan over the remainder of the year. We will then end the call with a question-and-answer session. Now let's discuss our strong third-quarter results in which we achieved a 38% increase in adjusted EPS and a 33% increase in adjusted EBITDA over Q3 of 2021 on 18% growth in the average number of paid worksite employees.

Paid worksite employee growth was at the high end of our forecasted range and was driven by an improvement in both worksite employees paid from new client sales and client retention coming in improved also

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