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Jun 30, 2022
Premier Q4 2022 Earnings Report
Premier's Q4 2022 performance reflected its focus on improving community health and advancing its long-term strategy.
Key Takeaways
Premier, Inc. reported a 29% decrease in GAAP net revenue to $340.7 million, a 39% decrease in GAAP net income to $30.7 million, and a 38% decrease in GAAP diluted EPS to $0.25. However, adjusted EBITDA increased by 5% to $122.8 million, and adjusted EPS increased by 2% to $0.61.
GAAP net revenue decreased 29% to $340.7 million.
Supply Chain Services segment revenue decreased 40% to $232.7 million.
Performance Services segment revenue increased 18% to $108.0 million.
GAAP net income decreased 39% to $30.7 million.
Revenue by Segment
Forward Guidance
In fiscal 2023, the company expects total net revenue to be in the range of $1.38 billion to $1.45 billion, adjusted EBITDA to be in the range of $510 million to $530 million, and adjusted EPS to be in the range of $2.63 to $2.75.
Positive Outlook
- Net administrative fees revenue of $620 million to $640 million
- Direct sourcing products revenue of $315 million to $345 million
- Net revenue available under contract that represents approximately 80% to 86% of the fiscal-2023 guidance range
- Effective income tax rate in the range of 26% to 27%
- Free cash flow of 45% to 55% of adjusted EBITDA
Challenges Ahead
- Capital expenditures of $90 million to $100 million
- Does not include the effect of any potential future significant acquisitions
- Does not include the effect of share repurchases
- Adjusted for the impact of the COVID-19 pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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