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TriNet Group, Inc. (TNET) This fall 2024 Earnings Call Transcript

TriNet Group, Inc. (NYSE:TNET) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET

Company Participants

Alex Bauer – Head, IR
Mike Simonds – CEO
Kelly Tuminelli – CFO

Conference Call Participants

Jared Levine – TD Cowen
Kyle Peterson – Needham
Andrew Nicholas – William Blair
David Grossman – Stifel

Operator

Hello, everyone and welcome to the TriNet’s Fourth Quarter 2024 Financial Results Medium-Term Outlook. My name is Lydia and I’ll be your operator today. After the prepared remarks, there will be an opportunity for you to ask question. [Operator Instructions]

I’ll now hand you over to Alex Bauer to begin. Please go ahead.

Alex Bauer

Thank you, operator. Good morning. My name is Alex Bauer, TriNet’s Head of Investor Relations. Thank you for joining us and welcome to TriNet’s fourth quarter conference call and webcast. I’m joined today by our President and CEO, Mike Simonds; and our CFO, Kelly Tuminelli.

Before we begin, I’d like to preview this morning’s call, which will be a bit longer than usual as we will provide a strategy update along with our earnings-related content and outlook. I will first pass the call to Mike for a few introductory comments regarding our strategy and medium-term outlook, as well as our fourth quarter and full-year performance. Kelly will then review our Q4 and full-year financial performance in greater detail and provide our 2025 financial guidance and outlook. Mike will then return to review in greater detail our strategy and medium-term outlook, including our value creation targets, leaving plenty of time for Q&A.

Please note that today’s discussion will include our 2025 full-year financial outlook, our medium-term outlook, and other statements that are not historical in nature, are predictive in nature, or depend upon or refer to future events or conditions, such as our expectations, estimates, predictions, strategies, beliefs, or other statements that might be

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