Premier Inc · Q2 2022 earnings

Briefing

Premier's fiscal year 2022 second quarter results reflected continued operational execution.

Premier, Inc. reported a decrease in GAAP net revenue by 10% to $379.2 million compared to the previous year, but an increase in GAAP net income by 72% to $77.2 million. GAAP diluted earnings per share (EPS) increased 72% to $0.62. The company is increasing its total net revenue guidance range to $1.40 billion to $1.44 billion from a range of $1.32 billion to $1.43 billion.

• GAAP net revenue decreased 10% to $379.2 million.
• Supply Chain Services segment revenue decreased 18% to $271.5 million.
• Performance Services segment revenue increased 15% to $107.7 million.
• GAAP net income increased 72% to $77.2 million.

Headline financials

Revenue & EPS history

Premier is increasing its total net revenue guidance range to $1.40 billion to $1.44 billion from a range of $1.32 billion to $1.43 billion. The company continues to expect fiscal 2022 adjusted EBITDA to be in the range of $483 million to $500 million. Premier is revising its previous guidance range of $2.56 to $2.66 for adjusted EPS to a range of $2.45 to $2.55.