- Premier press release ( NASDAQ: PINC ): Q1 GAAP EPS of $0.36 misses by $0.06 .
- Revenue of $313.88M (-14.0% Y/Y) misses by $12.96M .
- Premier reaffirmed its fiscal year 2023 full-year guidance for all guidance metrics as previously communicated on August 16, 2022. Refer to the table in the Fiscal 2023 Guidance section in this release for details.
- Supply Chain Services segment revenue declined quarter over quarter, as the company expected, primarily due to ongoing normalization of direct sourcing products revenue to pre-COVID-19 pandemic levels.
- The company’s adjacent markets businesses grew 40% over the prior-year quarter and remains on track to achieve 30%-to-40% growth in fiscal 2023 compared with fiscal 2022.
- GAAP net income and adjusted net income declined 65% and 21%, respectively, quarter over quarter. Refer to "Results of Operations for the Three Months Ended September 30, 2022"
- GAAP EPS and adjusted EPS declined 63% and 19%, respectively, quarter over quarter. Refer to "Results of Operations for the Three Months Ended September 30, 2022" for more details.
- During the three months ended September 30, 2022, Premier paid aggregate dividends of approximately $25.2 million to holders of its Class A common stock.
For further details see:
Premier GAAP EPS of $0.36 misses by $0.06, revenue of $313.88M misses by $12.96M