NASDAQ$PINC
Premier Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a 6% increase in total net revenue and reaffirmed fiscal year 2024 financial guidance, despite a GAAP net loss due to a significant impairment charge.
Premier, Inc. reported a 6% increase in total net revenue for the third quarter of fiscal year 2024, driven by growth in both Supply Chain Services and Performance Services segments. However, the company experienced a GAAP net loss due to a $140.1 million impairment charge related to its Contigo Health business. Adjusted earnings per share remained flat compared to the prior-year period. The company reaffirmed its fiscal year 2024 financial guidance and executed a $400 million accelerated share repurchase transaction.
- Total net revenue increased by 6% year-over-year to $342.6 million.
- GAAP net loss was $49.2 million, or $(0.36) per fully diluted share, impacted by a $140.1 million impairment charge.
- Adjusted earnings per share were $0.55, remaining flat compared to the prior-year period.
- The company reaffirmed its fiscal year 2024 financial guidance and executed a $400 million accelerated share repurchase transaction.
Headline financials
Revenue & EPS history
Premier · Revenue · Quarterly
$343M
Revenue by segment
Premier · $319M total across 2 segments · Q1 2024
- Supply Chain Services$211M-4.0%66.1%
- Performance Services$108M+14.7%33.9%
Forward guidance
Premier, Inc. reaffirmed its fiscal 2024 guidance ranges, expecting Supply Chain Services net revenue between $840 million and $880 million, Performance Services net revenue between $425 million and $445 million, total net revenue between $1.265 billion and $1.325 billion, adjusted EBITDA between $405 million and $425 million, and adjusted EPS between $2.06 and $2.18.
Tailwinds
- Net administrative fees revenue of $588 million to $603 million
- Direct sourcing products revenue of $207 million to $222 million
- Supply Chain Services segment software licenses, other services and support revenue of $45 million to $55 million
- Effective income tax rate in the range of 26-28%
- Free cash flow of 45% to 55% of adjusted EBITDA, excluding the impact of tax payments related to the sale of non-healthcare GPO operations
Headwinds
- Capital expenditures of $93 million to $103 million
- Guidance does not include the impact of any significant acquisitions or divestitures
- Potential volatility or disruptions in the capital markets could impact the accelerated share repurchase transaction
- Uncertainties related to future events and trends affecting the business
- Forward-looking statements are subject to risks and uncertainties outside of Premier’s control
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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