NASDAQ$PINC

Premier Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Premier reported solid first-quarter results, driven by revenue growth in both Supply Chain Services and Performance Services segments.

Premier, Inc. reported a 15% increase in GAAP net revenue to $346.9 million for the fiscal year 2021 first quarter. GAAP net income increased to $180.7 million, with diluted earnings per share of $1.42. Revenue growth was driven by Supply Chain Services and Performance Services segments.

  • GAAP net revenue increased 15% to $346.9 million.
  • Supply Chain Services segment revenue increased 14% to $253.7 million.
  • Performance Services segment revenue increased 18% to $93.2 million.
  • GAAP net income was $180.7 million, with GAAP diluted EPS of $1.42.

Headline financials

Total Revenue

$347M

Previous: $302M+14.7%
EPS (adj)

$0.57

Previous: $0.68-16.2%
Adjusted EBITDA

$111M

Previous: $140M-21.1%
Adjusted Net Income

$70.2M

Previous: $86M-18.4%
Capital Expenditures

$25M

Previous: $22M+13.6%
Free Cash Flow

$5.8M

Previous: $85.3M-93.2%
Net Income

$181M

Previous: $29.4M+514.2%
Operating Income

$57M

Previous: $84M-32.2%
Gross Profit

$195M

Previous: $211M-7.9%
Cash & Equivalents

$120M

Previous: $125M-3.9%
Total Assets

$3.44B

Previous: $2.59B+32.6%
Stock-Based Comp

$7.23M

Previous: $3.7M+95.2%

Revenue & EPS history

Premier · Revenue · Quarterly

$347M

Q1 2021+14.7%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Premier · $347M total across 2 segments · Q1 2021

  • Supply Chain Services
    $254M+13.7%
  • Performance Services
    $93.2M+17.5%

Forward guidance

Due to continued uncertainty caused by the COVID-19 pandemic, Premier is currently unable to accurately estimate the effect of the pandemic on its business for fiscal 2021. Therefore, the company is not providing fiscal 2021 annual guidance at this time. Beginning in fiscal year 2022, Premier expects to target a multi-year, compound annual growth rate in the mid-to-high single digits for consolidated net revenue, adjusted EBITDA and adjusted EPS.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 2 quarterly earnings reports

Historical avg

-0.6%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-0.3%

Avg return

30 days after

44%

24 / 54 earnings

Positive

+16.6%

Q1 2025

Best reaction

-18.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-0.1%-0.1%
Q4 2025+7.3%+2.9%+8.1%
Q3 2025+11.8%+12.4%+12.7%
Q2 2025-14.7%-16.3%-21.7%
Q1 2025+16.6%
Q4 2024+0.4%
Q3 2024-5.4%
Q2 2024+1.3%
Q1 2024+1.1%
Q4 2023-12.0%
Q3 2023-18.7%
Q2 2023-0.2%
Q1 2023-8.4%
Q4 2022-2.1%
Q3 2022+4.3%
Q2 2022-1.8%
Q1 2022+5.4%
Q4 2021+6.6%
Q3 2021-0.5%
Q2 2021+3.6%
Q1 2021+4.7%
Q4 2020-6.9%
Q3 2020-3.5%
Q2 2020-9.4%
Q1 2020+11.6%
Q4 2019-1.7%
Q3 2019+8.4%
Q2 2019-9.4%
Q1 2019-6.8%
Q4 2018+11.2%
Q3 2018-5.3%
Q2 2018-1.2%
Q1 2018-6.0%
Q4 2017+1.4%
Q3 2017+0.4%
Q2 2017-3.4%
Q1 2017-2.6%
Q4 2016-4.9%
Q3 2016-7.0%
Q2 2016+4.6%
Q1 2016+1.1%
Q4 2015-6.4%
Q3 2015+7.2%
Q2 2015+7.7%
Q1 2015-4.5%
Q1 2013-0.8%
Q4 2012-0.8%
Q4 2014+7.8%
Q3 2013-7.9%
Q3 2014+1.0%
Q4 2013-3.4%
Q2 2013-3.4%
Q2 2014+1.8%
Q1 2014+0.1%

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