Premier Q1 2021 Earnings Report
Key Takeaways
Premier, Inc. reported a 15% increase in GAAP net revenue to $346.9 million for the fiscal year 2021 first quarter. GAAP net income increased to $180.7 million, with diluted earnings per share of $1.42. Revenue growth was driven by Supply Chain Services and Performance Services segments.
GAAP net revenue increased 15% to $346.9 million.
Supply Chain Services segment revenue increased 14% to $253.7 million.
Performance Services segment revenue increased 18% to $93.2 million.
GAAP net income was $180.7 million, with GAAP diluted EPS of $1.42.
Premier
Premier
Premier Revenue by Segment
Forward Guidance
Due to continued uncertainty caused by the COVID-19 pandemic, Premier is currently unable to accurately estimate the effect of the pandemic on its business for fiscal 2021. Therefore, the company is not providing fiscal 2021 annual guidance at this time. Beginning in fiscal year 2022, Premier expects to target a multi-year, compound annual growth rate in the mid-to-high single digits for consolidated net revenue, adjusted EBITDA and adjusted EPS.
Revenue & Expenses
Visualization of income flow from segment revenue to net income