Premier Q3 FY2024: Revenue $342.6M (+6% YoY), GAAP loss $(0.36)/share due to $140.1M impairment, reaffirms FY outlook

Premier, Inc.

2024-Q3 EPS reported $0.50 revenue$996,093,000

Total net revenue $342.6M (+6% YoY); Supply Chain Services $227.7M (+5%), Performance Services $115.0M (+9%).
GAAP net loss $49.2M ($(0.36) diluted EPS) due to $140.1M impairment on Contigo Health business.
Adjusted EPS $0.55, flat YoY; fiscal 2024 guidance reaffirmed.
Executed $400M accelerated share repurchase, expected to fully settle by Q1 fiscal 2025.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Premier, Inc. reported the fiscal-year 2024 third quarter ended March 31, 2024 results: revenue Total net revenue of $342.6 million, net income GAAP net loss of $49.2 million, or $(0.36) per fully diluted share. Guidance reaffirmed.

Period: the fiscal-year 2024 third quarter ended March 31, 2024
Revenue: Total net revenue of $342.6 million
Net income: GAAP net loss of $49.2 million, or $(0.36) per fully diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

healthcare improvement company, today reported financial results for the fiscal-year 2024 third quarter ended March 31, 2024. Third-quarter results: • Total net revenue of $342.6 million; growth of 6% over the prior-year period • GAAP net loss of $49.2 million, or $(0.36) per fully diluted share, which includes a $140.1 million goodwill, intangible and other

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Source: SEC EDGAR

accession 0001193125-24-134184

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