- Premier press release ( NASDAQ: PINC ): Q2 Non-GAAP EPS of $0.72 beats by $0.06 .
- Revenue of $359.64M (-5.2% Y/Y) beats by $3.63M .
- FY23 guidance: Lowering Supply Chain Services net revenue guidance to a range of $930 million to $980 million; Increasing Performance Services net revenue guidance to a range of $450 million to $470 million; Lowering adjusted earnings per share ( EPS ) guidance to a range of $2.53 to $2.65 vs. consensus of $2.63.
- Net administrative fees revenue of $600 million to $620 million (previously: $620 million to $640 million).
- Direct sourcing products revenue of $285 million to $315 million (previously: $315 million to $345 million).
- Capital expenditures of $90 million to $95 million (previously: $90 million to $100 million).
- Effective income tax rate in the range of 26% to 27%.
- Free cash flow of 45% to 55% of adjusted EBITDA.
For further details see:
Premier reports Q2 earnings beat; updates FY23 guidance