2024-02-15 23:10:03 ET
TriNet Group, Inc. (TNET)
Q4 2023 Earnings Conference Call
February 15, 2024 05:00 PM ET
Company Participants
Alex Bauer - Head, IR
Burton Goldfield - CEO
Kelly Tuminelli - CFO
Mike Simonds - Incoming CEO
Conference Call Participants
Kevin McVay - UBS
Kyle Peterson - Needham
Jared Levine - TD Cowen
Andrew Nicholas - William Blair
David Grossman - Stifel
Presentation
Operator
Good day and welcome to the TriNet Fourth Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Alex Bauer, Head of Investor Relations. Please go ahead.
Alex Bauer
Thank you, operator. Good afternoon. My name is Alex Bauer and I am TriNet’s Head of Investor Relations. Thank you for joining us and welcome to TriNet’s 2023 fourth quarter conference call. I am joined today by our current CEO, Burton M. Goldfield; our CFO, Kelly Tuminelli; and future President and CEO effective tomorrow, Mike Simonds.
Before we begin, I would like to address our use of forward-looking statements and non-GAAP financial measures. Please note that today’s discussion will include our 2023 fourth quarter and full year financial outlook and other statements that are not historical in nature or 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 considered forward-looking.
These forward-looking statements are based on management’s current expectations and assumptions and are inherently subject to risks, uncertainties and changes in circumstances that are difficult to predict and that may cause actual results to differ materially from statements being made today or in the future.
Except as may be required by law, we do not undertake to update any of these statements in light of new information, future events or otherwise. We encourage you to review our most recent public filings with the SEC, including our 10-K and 10-Q filings for a more detailed discussion of the risks, uncertainties, and changes in circumstances that may affect our future results or the market price of our stock.
In addition, our discussion today will include non-GAAP financial measures, including our forward-looking guidance for adjusted net income per diluted share. For reconciliations of our non-GAAP financial measures to our GAAP financial results, please see our earnings release, 10-Q filings, or our 10-K filing, which are available on our website or through the SEC website.
With that, I will turn the call over to Burton. Burton?
Burton Goldfield
Thank you, Alex. Fiscal year 2023, including the fourth quarter was highlighted by strong and accelerating new sales growth near record customer retention and prudent expense management....
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TriNet Group, Inc. (TNET) Q4 2023 Earnings Call Transcript