Loading...
•
Jun 30, 2023
Premier Q4 2023 Earnings Report
Premier's Q4 2023 financial results reflected a mix of growth in certain areas and declines in others.
Key Takeaways
Premier, Inc. reported its fiscal year 2023 fourth-quarter results, revealing flat GAAP net revenue compared to the previous year. While net administrative fees and Performance Services segment revenue grew, a decline in direct sourcing products revenue partially offset these gains. GAAP net income decreased due to increased asset impairment, though this was partially mitigated by lower stock-based compensation and cost-saving measures.
GAAP net revenue remained flat year-over-year.
GAAP net income decreased due to impairment of assets.
Adjusted EBITDA increased due to Supply Chain Services and lower corporate expenses.
The company closed on the sale of its non-healthcare GPO operations.
Revenue by Segment
Forward Guidance
The company will not be providing fiscal-2024 guidance at this time.
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
Loading earnings performance data...
Loading earnings reaction data...