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Mar 31, 2021
Premier Q3 2021 Earnings Report
Premier Q3 2021 financial results reported with increased fiscal year 2021 financial guidance.
Key Takeaways
Premier, Inc. reported a 40% increase in GAAP net revenue to $469.9 million compared to the previous year. However, GAAP net income decreased to $51.4 million from $73.2 million a year ago. The company raised its fiscal year 2021 guidance.
GAAP net revenue increased 40% to $469.9 million.
Supply Chain Services segment revenue increased 56% to $371.2 million.
Performance Services segment revenue increased 3% to $98.7 million.
GAAP diluted earnings per share (EPS) of $0.39 compared to $0.54 per share a year ago.
Premier
Premier
Premier Revenue by Segment
Revenue by Segment
Supply Chain Services Revenue
CapyFin.comPerformance Services Revenue
CapyFin.com Forward Guidance
Premier increased its financial guidance for fiscal year 2021. The company expects total net revenue to be in the range of $1.671 billion to $1.711 billion, adjusted EBITDA to be in the range of $460 million to $475 million, and adjusted EPS to be in the range of $2.42 to $2.51.
Positive Outlook
- Total net revenue to be in the range of $1.671 billion to $1.711 billion
- Adjusted EBITDA to be in the range of $460 million to $475 million
- Adjusted EPS to be in the range of $2.42 to $2.51
- Net administrative fees revenue of $565 million to $580 million
- Direct sourcing products revenue of $700 million to $720 million
Challenges Ahead
- Capital expenditures of $100 million to $105 million
- Effective tax rate of 22%
- Does not include the effect of any potential future significant acquisitions
- Lower net administrative fees revenue as a result of the amended GPO agreements
- Non-cash amortization of prepaid contract administrative fees from the Acurity/Nexera asset acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income