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CHARLOTTE, N.C. - On Tuesday, Premier, Inc. (NASDAQ:PINC) reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.46 beating estimates by $0.12 and revenue of $262.9 million surpassing the $247.13 million consensus.
Premier’s shares edged up 0.25% in after hours trading following the results announcement.
The healthcare improvement company’s total net revenue decreased 12% from the prior-year period but came in better than the company had expected. Excluding Contigo Health, revenue was $258 million. Adjusted EBITDA of $68.9 million decreased 34% from the prior-year period.
"I’m pleased to report that we had a strong finish to the year despite the contract renewal headwinds, which are now mostly behind us," said Michael J. Alkire, Premier’s President and CEO. "Our overall revenue and profitability for the year exceeded our expectations largely due to better-than-anticipated results in our Supply Chain Services segment."
The company’s Supply Chain Services segment net revenue decreased 8% to $170 million, primarily due to lower net administrative fees revenue. Meanwhile, Performance Services segment net revenue fell 20% to $92.9 million.
For fiscal 2026, Premier expects adjusted earnings per share between $1.33 and $1.43, in line with the analyst consensus of $1.39. The company anticipates total net revenue excluding Contigo Health to be between $940 million and $1 billion.
Premier generated free cash flow of $180.5 million for the full year, which was better than the company anticipated. The company also completed a $200 million accelerated share repurchase program and continues to return capital to shareholders through its quarterly cash dividend of $0.21 per share.
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