Premier Inc ( (PINC) ) has released its Q2 earnings. Here is a breakdown of the information Premier Inc presented to its investors.
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Premier, Inc. is a technology-driven healthcare improvement company that offers integrated data and analytics, supply chain solutions, consulting, and other services to healthcare providers in the U.S., aiming to enhance healthcare delivery through innovative technology solutions.
In its fiscal-year 2025 second-quarter earnings report, Premier, Inc. announced a total net revenue of $240.3 million, with a GAAP net loss from continuing operations of $45.8 million. The company highlighted an impairment charge of $126.8 million related to goodwill in its Performance Services segment and adjusted earnings per share of $0.27, excluding Contigo Health.
Premier’s financial performance was marked by a 14% decline in net revenue compared to the previous year, attributed mainly to decreased administrative fees revenue in the Supply Chain Services segment and reduced demand in the Performance Services segment. Despite these challenges, the company reaffirmed its guidance midpoints for total net revenue and adjusted EBITDA, while also increasing its adjusted earnings per share guidance.
The company experienced a significant decrease in adjusted EBITDA, which fell by 48% year-over-year due to lower revenue in its segments. However, Premier maintained strong liquidity with net cash from continuing operations at $193.7 million, supported by strategic efforts such as share repurchases aimed at returning capital to stockholders.
Looking forward, Premier remains committed to its fiscal 2025 guidance, with a focus on enhancing its supply chain services and managing ongoing challenges in its performance services segment. The company continues to seek opportunities to improve its financial performance and deliver value to its stakeholders.
