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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.
Revenue by Segment
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
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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