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Sep 30, 2023
Premier Q1 2024 Earnings Report
Premier's financial performance reflected progress in technology-enabled healthcare strategy and better-than-anticipated profitability amid macroeconomic challenges.
Key Takeaways
Premier, Inc. reported a 2% increase in GAAP net revenue, driven by strong growth in the Performance Services segment, which was partially offset by a decline in direct sourcing products revenue. The company's profitability exceeded expectations due to active management in a challenging economic environment.
Consolidated net revenue increased by 2% year-over-year, driven by growth in the Performance Services segment.
GAAP net income decreased slightly by 1% compared to the prior-year period.
GAAP diluted EPS increased by 3% from $0.36 to $0.37.
Adjusted EBITDA increased by 5% compared to the prior-year period.
Revenue by Segment
Forward Guidance
Premier will not be providing fiscal year 2024 guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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