- Premier Inc (NASDAQ:PINC) has reported Q4 FY22 revenue of $340.7 million, down 29% Y/Y, exceeding the consensus of $333.43 million.
- Supply Chain Services segment revenue decreased 40% to $232.7 million, primarily reflecting lower product revenue.
- Products revenue of $69.7 million declined 70%, primarily driven by lower demand and pricing, as the company expected, for pandemic-related supplies, which was partially offset by ongoing demand for commodity products.
- Adjusted EBITDA of $122.8 million increased 5% Y/Y. Adjusted EPS improved 2% to $0.61.
- The company’s GAAP net income of $30.7 million decreased 39% from $50.7 million a year ago, primarily due to the impairment of certain capitalized software assets.
- Guidance: Premier expects FY233 adjusted EPS of $2.63 – $2.75, versus the analysts’ consensus of $2.67.
- It sees FY23 sales of $1.38-$1.45 billion, down 1.25% Y/Y at the midpoint, compared to the consensus of $1.42 billion.
- The company forecasts adjusted EBITDA of $510-$530 million.
- Price Action: PINC shares traded lower by 0.48% at $38.31 on the last check Tuesday.
Earnings Preview For Edgio
Edgio (NASDAQ:EGIO) is set to give its latest quarterly earnings report on Tuesday, 2023-09-12. Here’s what investors need…
