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CHARLOTTE - Premier, Inc. (NASDAQ:PINC) reported better-than-expected fiscal third quarter results on Tuesday.
The company’s shares were up 2.39% in early trading.
The healthcare improvement company posted adjusted earnings per share of $0.46, surpassing analyst estimates of $0.30. Revenue came in at $261.4 million, also beating expectations of $240.45 million.
"Our overall revenue and profitability grew sequentially and exceeded our expectations for the third quarter largely due to better-than-anticipated results in our Supply Chain Services segment," said Michael J. Alkire, Premier’s President and CEO.
Total (EPA:TTEF) net revenue decreased 9% year-over-year to $261.4 million, but increased 9% from the previous quarter. Net income from continuing operations was $27.6 million, or $0.32 per share, compared to a net loss of $48.9 million, or $0.36 per share, in the prior year period.
Adjusted EBITDA fell 25% year-over-year to $71.7 million, but rose 43% sequentially. The company attributed the annual decline primarily to lower net administrative fees revenue and decreased Performance Services segment revenue.
For fiscal year 2025, Premier raised its adjusted EBITDA guidance to a range of $247 million to $255 million, up from its previous outlook of $237 million to $253 million. The company also increased its adjusted EPS forecast to $1.37-$1.43, up from $1.26-$1.34 previously.
Premier maintained its total net revenue guidance excluding Contigo Health at $955 million to $995 million for the full fiscal year.
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