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Jun 30, 2020
Premier Q4 2020 Earnings Report
Premier's Q4 performance was consistent with expectations and demonstrated solid execution during the COVID-19 pandemic, though impacted by lower healthcare utilization and delayed decision-making.
Key Takeaways
Premier, Inc. reported an 8% increase in GAAP net revenue to $342.8 million for the fourth quarter of fiscal year 2020. Net income was $55.4 million, and adjusted fully distributed earnings per share decreased to $0.58.
GAAP net revenue increased by 8% to $342.8 million.
Supply Chain Services segment revenue increased by 14% to $258.4 million.
Performance Services segment revenue decreased by 5% to $84.3 million.
GAAP net income was $55.4 million compared to $70.2 million a year ago.
Premier
Premier
Premier Revenue by Segment
Revenue by Segment
Supply Chain Services Revenue
CapyFin.comPerformance Services Revenue
CapyFin.com Forward Guidance
Due to the continued uncertainty caused by the Covid-19 pandemic, Premier is currently unable to accurately estimate the effect of the pandemic on its business in fiscal year 2021. Therefore, the company is not establishing fiscal 2021 annual guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income