NASDAQ$PINC
Premier Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Premier's Q4 2022 performance reflected its focus on improving community health and advancing its long-term strategy.
Premier, Inc. reported a 29% decrease in GAAP net revenue to $340.7 million, a 39% decrease in GAAP net income to $30.7 million, and a 38% decrease in GAAP diluted EPS to $0.25. However, adjusted EBITDA increased by 5% to $122.8 million, and adjusted EPS increased by 2% to $0.61.
- GAAP net revenue decreased 29% to $340.7 million.
- Supply Chain Services segment revenue decreased 40% to $232.7 million.
- Performance Services segment revenue increased 18% to $108.0 million.
- GAAP net income decreased 39% to $30.7 million.
Headline financials
Revenue & EPS history
Premier · Revenue · Quarterly
$341M
Revenue by segment
Premier · $341M total across 2 segments · Q4 2022
- Supply Chain Services$233M-40.3%68.3%
- Performance Services$108M+17.7%31.7%
Forward guidance
In fiscal 2023, the company expects total net revenue to be in the range of $1.38 billion to $1.45 billion, adjusted EBITDA to be in the range of $510 million to $530 million, and adjusted EPS to be in the range of $2.63 to $2.75.
Tailwinds
- Net administrative fees revenue of $620 million to $640 million
- Direct sourcing products revenue of $315 million to $345 million
- Net revenue available under contract that represents approximately 80% to 86% of the fiscal-2023 guidance range
- Effective income tax rate in the range of 26% to 27%
- Free cash flow of 45% to 55% of adjusted EBITDA
Headwinds
- Capital expenditures of $90 million to $100 million
- Does not include the effect of any potential future significant acquisitions
- Does not include the effect of share repurchases
- Adjusted for the impact of the COVID-19 pandemic
- Premier’s fiscal-2023 growth expectations are in line with its previously communicated multi-year, compound annual growth rate targets of 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
-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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