Administaff Inc. (ASF, Financial) filed Quarterly Report for the period ended 2011-09-30.
Administaff Inc. has a market cap of $700.44 million; its shares were traded at around $0 with a P/E ratio of 15.4. The dividend yield of Administaff Inc. stocks is 1.8%.
Gross profit for the third quarter of 2011 increased 18.1% over the third quarter of 2010 to $87.0 million. The average gross profit per worksite employee increased 7.9% to $245 per month in the 2011 period from $227 per month in the 2010 period. Also included in gross profit in 2011 is a $12 per worksite employee per month contribution from our Adjacent Businesses compared to $7 per worksite employee per month in the 2010 period, primarily due to the OrgPlus acquisition that closed in the first quarter 2011. Our pricing objectives attempt to maintain or improve the gross profit per worksite employee by increasing revenue per worksite employee to match or exceed changes in primary direct costs and operating expenses.
While our revenues increased 4.5% per worksite employee per month, our direct costs, which primarily include payroll taxes, benefits and workers compensation expenses, increased 3.7% to $1,085 per worksite employee per month in the third quarter of 2011 versus $1,046 in the third quarter of 2010.
Gross profit for the first nine months of 2011 increased 20.3% over the 2010 period to $261.8 million. The average gross profit per worksite employee increased 10.5% to $253 per month in the 2011 period from $229 per month in the 2010 period. Also included in gross profit in 2011 is an $11 per worksite employee per month contribution from our Adjacent Businesses compared to $5 per worksite employee per month in the 2010 period, due to acquisitions that closed during 2010 and 2011. Our pricing objectives attempt to maintain or improve the gross profit per worksite employee by increasing revenue per worksite employee to match or exceed changes in primary direct costs and operating expenses.
While our revenues increased 5.8% per worksite employee per month, our direct costs, which primarily include payroll taxes, benefits and workers compensation expenses, increased 4.9% to $1,177 per worksite employee per month in the first nine months of 2011 versus $1,122 in the first nine months of 2010.
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Administaff Inc. has a market cap of $700.44 million; its shares were traded at around $0 with a P/E ratio of 15.4. The dividend yield of Administaff Inc. stocks is 1.8%.
Highlight of Business Operations:
Our revenues for the third quarter of 2011 increased 13.9% over the 2010 period, primarily due to a 9.0% increase in the average number of worksite employees paid per month and a 4.5%, or $57 increase in revenues per worksite employee per month.Gross profit for the third quarter of 2011 increased 18.1% over the third quarter of 2010 to $87.0 million. The average gross profit per worksite employee increased 7.9% to $245 per month in the 2011 period from $227 per month in the 2010 period. Also included in gross profit in 2011 is a $12 per worksite employee per month contribution from our Adjacent Businesses compared to $7 per worksite employee per month in the 2010 period, primarily due to the OrgPlus acquisition that closed in the first quarter 2011. Our pricing objectives attempt to maintain or improve the gross profit per worksite employee by increasing revenue per worksite employee to match or exceed changes in primary direct costs and operating expenses.
While our revenues increased 4.5% per worksite employee per month, our direct costs, which primarily include payroll taxes, benefits and workers compensation expenses, increased 3.7% to $1,085 per worksite employee per month in the third quarter of 2011 versus $1,046 in the third quarter of 2010.
Gross profit for the first nine months of 2011 increased 20.3% over the 2010 period to $261.8 million. The average gross profit per worksite employee increased 10.5% to $253 per month in the 2011 period from $229 per month in the 2010 period. Also included in gross profit in 2011 is an $11 per worksite employee per month contribution from our Adjacent Businesses compared to $5 per worksite employee per month in the 2010 period, due to acquisitions that closed during 2010 and 2011. Our pricing objectives attempt to maintain or improve the gross profit per worksite employee by increasing revenue per worksite employee to match or exceed changes in primary direct costs and operating expenses.
While our revenues increased 5.8% per worksite employee per month, our direct costs, which primarily include payroll taxes, benefits and workers compensation expenses, increased 4.9% to $1,177 per worksite employee per month in the first nine months of 2011 versus $1,122 in the first nine months of 2010.
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