Premier, Inc. Reports Financial Results for Q2 of Fiscal Year 2025

Premier, Inc., a Delaware-based company (NASDAQ: PINC), recently disclosed its financial performance for the three and six months ended December 31, 2024. The company issued a press release on February 4, 2025, detailing its results and held a conference call and webcast on the same day to discuss these outcomes.

According to the press release, Premier, Inc. reported a conference call where supplemental slides were referenced, and these materials are available on the company’s website. The transcript of the call and webcast, along with the slides, have been attached to Premier, Inc.’s Form 8-K filing.

The company also conducted a Regulation FD Disclosure, sharing details about the conference call, webcast, and financial results for the specified periods. It provided information on accessing the call, webcast, and a recorded playback.

For the fiscal 2025 second quarter, Premier, Inc. reported certain financial metrics compared to the same period in the prior year. Consolidated net revenue decreased by 14%, with the Performance Services segment experiencing a 19% drop in net revenue. Additionally, GAAP net loss from continuing operations decreased by 191%, largely due to goodwill impairment.

Premier, Inc. emphasized its efforts to maintain a strong financial position, citing cash flow from operations of $193.7 million for the six-month period ending December 31, 2024. The company highlighted its free cash flow of $73.9 million and its flexible balance sheet, which includes a repurchase of over 29 million shares of Class A common stock since February 2024.

The company reaffirmed its guidance for fiscal year 2025, with specific ranges for total net revenue excluding Contigo Health, Supply Chain Services segment revenue, Performance Services revenue, adjusted EBITDA, adjusted net income, and adjusted EPS.

Premier, Inc. also provided reconciliations and additional financial information related to adjusted EBITDA, adjusted net income, adjusted EPS, and free cash flow in their supplemental materials attached to the Form 8-K filing. These materials offer insights into various non-GAAP measures and strategic initiatives affecting the company’s financial performance.

The information shared in the report under Items 2.02 and 7.01, along with the attached exhibits, provides key insights into Premier, Inc.’s financial standing, operational performance, and strategic direction. Please note that the content of the report should be reviewed in its entirety for comprehensive details on Premier, Inc.’s recent financial activities.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Premier’s 8K filing here.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.