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Stock impact report

TriNet Announces Fourth Quarter, Fiscal Year 2019 Results, $300 Million Increase to Stock Repurchase Program and CFO Transition

TriNet Group, Inc (TNET)  More Company Research Source: PR Newswire
Last trinet group, inc earnings: 2/13 04:20 pm Check Earnings Report
PDF DUBLIN, Calif., Feb. 13, 2020 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small to midsize businesses, today announced financial results for the fourth quarter and fiscal year ended December 31, 2019. The fourth quarter and fiscal year highlights below include non-GAAP financial measures which are reconciled later in this release.Fourth quarter highlights include:Total revenues increased 11% to $1.0 billion and Net Service Revenues remained flat at $226 million, as compared to the same period last year. Net income was $48 million, or $0.68 per diluted share, compared to net income of $29 million, or $0.40 per diluted share, in the same period last year. Adjusted Net Income was $59 million, or $0.84 per diluted share, compared to Adjusted Net Income of $42 million, or $0.59 per diluted share, in the same period last year. Adjusted EBITDA was $92 million, representing an Adjusted EBITDA Margin of 41%. Average Worksit [Read more]
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