TriNet reports Q4 adjusted EPS 44c, consensus 24c

Reports Q4 revenue $1.3B, consensus $225.28M. “We closed out 2024 by delivering Q4 results in line with our guidance, excluding a strategic restructuring charge,” said CEO Mike Simonds. “I am pleased that we drove strong retention in 2024 and returned over $200M in capital to shareholders through share repurchases and dividends evidencing the strength of our business model. As we enter 2025, we have a clear strategy in place and have begun executing on a number of actions that position TriNet (TNET) for growth, margin expansion, and value creation over the medium-term. We expect momentum to build through the year as we continue to reprice our insurance book and our investments in our benefits offering, go-to-market approach, and increasingly tech-enabled service model begin to yield tangible results.”