TriNet Group (TNET) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.03%. A quarter ago, it was expected that this human resources services outsourcing company would post earnings of $1.24 per share when it actually produced earnings of $1.53, delivering a surprise of 23.39%.Over t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Emerging growth company ☐ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36373 TRINET GROUP, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 95-3359658 ...

TriNet Announces Third Quarter 2024 Results Q4 2024 Full Year 2024 Low High Low High Total Revenues (1)% 2% 1% 2% Professional Service Revenues (8)% (5)% —% 1% Insurance Cost Ratio 96.5% 93.5% 90.3% 89.6% Diluted net income per share of common stock $(0.19) $0.31 $3.70 $4.20 Adjusted Net Income per share - diluted $0.06 $0.57 $4.95 $5.45 DUBLIN, Calif. — October 25, 2024 — TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, tod ...

Core Insights - TriNet Group, Inc. reported a 1% increase in total revenues to $1.2 billion for Q3 2024 compared to the same period last year, with net income decreasing to $45 million from $94 million in Q3 2023 [1][10][12] - The company faced challenges due to higher healthcare costs impacting profitability, but managed to maintain strong customer retention [2][10] - TriNet's average Worksite Employees (WSEs) increased by 7% year-over-year to approximately 356,000, indicating growth in its client base [1][10] Financial Performance - Total revenues for Q3 2024 were $1.237 billion, a 1% increase from $1.222 billion in Q3 2023 [10][12] - Professional service revenues remained flat at $184 million compared to the previous year [1][12] - Net income for Q3 2024 was $45 million, or $0.89 per diluted share, down from $94 million, or $1.63 per diluted share in Q3 2023 [1][10][12] - Adjusted Net Income decreased to $59 million, or $1.17 per diluted share, from $109 million, or $1.91 per diluted share in the same period last year [1][10][20] - Adjusted EBITDA was $109 million, down from $172 million in Q3 2023 [1][10][19] Operational Metrics - Average WSEs increased by 7% year-over-year to approximately 356,000, including about 20,000 PEO Platform Users [1][10] - Average HRIS Users decreased to approximately 183,000, down 13% from the previous year [10][12] - The Insurance Cost Ratio increased to 90% from 84% in the same quarter last year, reflecting rising healthcare costs [10][12] Guidance - For Q4 2024, TriNet anticipates total revenues to increase by 1% to 2% compared to the prior year [3][4] - The company expects diluted net income per share to range from $(0.19) to $0.31 for Q4 2024 [4][23] - Full-year 2024 guidance projects total revenues to increase by 1% to 2% [4][23] Cash and Debt Position - As of September 30, 2024, TriNet had unrestricted cash and cash equivalents of $251 million and total debt of $1.1 billion [1][10][12] - The company reported a working capital of $165 million, up 43% from the previous year [10][11]

Core Insights - TriNet has appointed Varsha Kakati as Vice President and India Country Leader to enhance operations at its Global Capabilities Center in Hyderabad, which currently employs around 600 team members [1][2] - Kakati brings over 24 years of experience in business and technology leadership, having previously led significant transformations at Saks OFF 5TH and held senior roles at Deloitte, Mercedes-Benz, GE, and Oracle [1][2] - The company aims to leverage Hyderabad's technological ecosystem to drive growth and expand global operations under Kakati's leadership [2] Company Overview - TriNet provides comprehensive HR solutions tailored for small and medium-sized businesses (SMBs), including PEO and HRIS services [2] - The company offers a range of services such as human capital expertise, benefits, risk mitigation, compliance, payroll, and R&D tax credit services, supported by advanced technology [2] - With over 30 years of experience, TriNet focuses on empowering SMBs to concentrate on business growth and employee development [2]

New Book Provides Guidance for SMBs to Create Positive Employee Experiences and Navigate HR Challenges with Ease DUBLIN, Calif., Oct. 7, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the launch of a new book, From Hire to Retire: A Guide to the Employee Life Cycle. Authored by Michael Mendenhall, Senior Vice President, Chief Marketing Officer and Chief Communications Officer at TriNet, the ...

DUBLIN, Calif., Oct. 4, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the third quarter ended September 30, 2024, before U.S. market hours on Friday, October 25, 2024. TriNet will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on October 25, 2024, to discuss the financial results. A live webcast of the conference call can be accessed on the Inves ...

DUBLIN, Calif., Sept. 5, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), has announced the appointment of Sidney Majalya as Senior Vice President, Chief Legal Officer and Secretary, effective September 16. Majalya succeeds Samantha Wellington, Executive Vice President, Business Affairs, Chief Legal Officer and Secretary who is departing after eight years with the Company to pursue another opportunity. TriNet ...

Core Points - TriNet is opening a new office in Hyderabad, India, on August 13, 2024, to enhance its operations and meet customer needs [1][2] - The new office is located in the Commerzone building in HITEC City, supporting approximately 600 employees and plans for future growth [3] - The expansion reflects TriNet's commitment to innovation and collaboration, strengthening its competitive position in the market [4] Company Overview - TriNet provides comprehensive HR solutions for small and medium-sized businesses, including PEO and HRIS services [5] - The company offers a range of services such as human capital expertise, benefits, risk mitigation, compliance, payroll, and R&D tax credit services, all supported by advanced technology [5] - With over 30 years of experience, TriNet aims to empower SMBs to focus on business growth and employee development [5]

DCF Calculator Tutorial @ Excel Template with Add-In ■ Download Input to Excel(.xlsx) & Business Predictability ଡ Saved Fair Values Recent surveys of small businesses have indicated that owners consider inflation to be their biggest challenge, resulting in greater hesitancy to take on new employes and a desire to reduce benefits through cost efficiencies, substitution, or outright benefit cuts. 5Y Compare + Value Investment Outlook The company's sales model is a combination of direct sales and marketing as ...