TriNet faced a challenging 2024 with low customer hiring and rising healthcare costs impacting their business. However, strong customer retention, strategic repricing, and a plan to exit non-core businesses indicate a focused approach towards future growth and profitability. Despite the challenges, TriNet's efforts to improve its business model and financial performance appear promising.
Company Guidance
During the TriNet fourth quarter 2024 earnings call, the company provided its guidance for 2025, outlining a transition year as they work through strategic changes. TriNet expects total revenues to range between $4.9 billion and $5.1 billion, with a focus on repricing insurance cost ratios to 92% to 90% and driving margins through expense management. The company aims for adjusted EBITDA margins of 7% to 9% and adjusted earnings per diluted share between $3.25 and $4.75. Additionally, TriNet plans to exit its HRIS SaaS-only business, impacting 2025 revenues by $15 million to $20 million, and anticipates a modest price increase contributing $25 million to $30 million. The company is also targeting a medium-term value creation rate of 13% to 15%, driven by revenue growth of 4% to 6% and margin expansion.
Strong Customer Retention
TriNet drove record retention for 2024 even while renewing business at higher rates. This demonstrates the value customers see in TriNet's services.
Revenue Growth Despite Challenges
Total revenues grew 1% year-over-year in both the fourth quarter and full year, in line with guidance, despite a challenging environment.
Successful Repricing Strategy
TriNet began repricing its insurance cost ratio and expects to exit 2025 in an improved position, with a targeted insurance cost ratio of 92% to 90%.
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TriNet Group (TNET) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TNET Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 13, 2025
$92.13
$78.49
-14.81%
Oct 25, 2024
$91.38
$80.09
-12.36%
Jul 26, 2024
$108.27
$110.40
+1.97%
Apr 26, 2024
$125.79
$104.89
-16.61%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TriNet Group (TNET) report earnings?
TriNet Group (TNET) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is TriNet Group (TNET) earnings time?
TriNet Group (TNET) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.