NASDAQ$PINC
Premier Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Premier's Q3 2022 results reflected the continued normalization of Supply Chain Service revenue and Performance Services segment was affected by the timing of revenue.
Premier, Inc. reported a decrease in GAAP net revenue by 26% to $347.8 million compared to the same period last year. GAAP net income decreased by 24% to $39.1 million, and GAAP diluted EPS decreased by 18% to $0.32. The company is increasing its full-year adjusted earnings per share guidance to a range of $2.48 to $2.58.
- GAAP net revenue decreased 26% to $347.8 million.
- GAAP net income decreased 24% to $39.1 million.
- GAAP diluted earnings per share (EPS) decreased 18% to $0.32.
- Adjusted EPS decreased 11% to $0.57.
Headline financials
Revenue & EPS history
Premier · Revenue · Quarterly
$348M
Revenue by segment
Premier · $348M total across 2 segments · Q3 2022
- Supply Chain Services$251M-32.4%72.1%
- Performance Services$96.9M-1.8%27.9%
Forward guidance
Premier is increasing its Supply Chain Services segment net revenue guidance to a range of $1.02 billion to $1.03 billion, raising its guidance for total net revenue to a range of $1.41 billion to $1.45 billion, raising the bottom end of and narrowing the range for adjusted EBITDA guidance to $490 million to $500 million, and increasing adjusted EPS guidance to a range of $2.48 to $2.58.
Tailwinds
- Supply Chain Services segment net revenue guidance increased to $1.02B - $1.03B
- Total net revenue guidance raised to $1.41B - $1.45B
- Adjusted EBITDA guidance raised to $490M - $500M
- Adjusted EPS guidance increased to $2.48 - $2.58
- Net administrative fees revenue of $580 million to $600 million
Headwinds
- Guidance does not include the effect of any potential future significant acquisitions
- Direct sourcing products revenue of $385 million to $405 million
- Capital expenditures of $85 million to $90 million
- Effective income tax rate in the range of 24% to 26%
- Free cash flow of 45% to 55% of adjusted EBITDA
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 2 quarterly earnings reports
-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
| Quarter | Report date | Reaction (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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