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Sep 30, 2024
Premier Q1 2025 Earnings Report
Premier's first quarter results slightly exceeded expectations for revenue and profitability, and reaffirmed fiscal 2025 financial guidance.
Key Takeaways
Premier, Inc. reported financial results for the fiscal year 2025 first quarter ended September 30, 2024. The company's first quarter results slightly exceeded expectations for revenue and profitability. The company is reaffirming its previously released fiscal 2025 financial guidance ranges.
Net revenue decreased 8% from the prior-year period.
Net income from continuing operations increased 75% from the prior-year period.
Diluted earnings per share from continuing operations increased 95% from the prior-year period.
Adjusted EBITDA decreased 33% from the prior-year period.
Revenue by Segment
Forward Guidance
Based on results for the first quarter of fiscal 2025 and its current outlook for the remainder of the fiscal year, the company is reaffirming the following: Guidance Metric Fiscal 2025 Guidance Range
Positive Outlook
- Net administrative fees revenue of $495 million to $525 million, which includes $60 million to $75 million in revenue related to non-healthcare member purchasing
- Supply Chain Services segment software licenses, other services and support revenue of $65 million to $85 million
- Capital expenditures of $90 million to $100 million
- Effective income tax rate in the range of 25% to 27%
- Cash income tax rate of less than 5%
Challenges Ahead
- Free cash flow of 45% to 55% of adjusted EBITDA
- Does not include the impact of any significant acquisitions or share repurchases subsequent to the completion of the $400 million accelerated share repurchase transaction (“ASR”) in July 2024
- Adjusted EBITDA, adjusted EPS and free cash flow presented in this financial guidance are forward-looking non-GAAP measures.
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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