Premier, Inc. - PINC STOCK NEWS

Premier Inc (NASDAQ: PINC) reported fiscal-year 2025 first-quarter results, with net revenue declining 8% to $248.1 million. The company's Supply Chain Services revenue decreased 7% to $151.4 million, while Performance Services revenue fell 9% to $96.8 million. Despite revenue declines, net income from continuing operations increased 75% to $72.9 million, with diluted EPS rising 95% to $0.72. Adjusted EBITDA decreased 33% to $62.4 million, and adjusted EPS fell 28% to $0.34. The company announced the divestiture of its S2S Global direct sourcing business and reaffirmed its fiscal 2025 financial guidance.

Premier Inc (NASDAQ: PINC) announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per share of Class A common stock. The dividend will be paid on December 15, 2024, to stockholders of record as of December 1, 2024. Premier operates as a technology-driven healthcare improvement company.

Premier, Inc. (NASDAQ: PINC) has announced the release of its fiscal 2025 first-quarter financial results on Tuesday, November 5, 2024, at approximately 6:30 a.m. ET. The company will follow this with a conference call at 8:00 a.m. ET to discuss the results. Interested parties can access the live webcast and replay in the Investors section of Premier's website under Events & Presentations. For those without internet access, the call can be joined via telephone using the following numbers:

• Domestic (toll-free): (833) 953-2438
• International: (412) 317-5767

The webcast should be accessed 10 minutes before the call starts, and the replay will be available for one year after the live broadcast concludes.

Premier, Inc. (NASDAQ: PINC) has entered into a partnership with Prestige Ameritech, , exchanging its holdings in S2S Global for a 20% minority interest in Prestige. This increases Premier's total ownership in Prestige to approximately 24.2%. Prestige, a major domestic manufacturer of PPE, is certified as a Native American Owned Business. The combination with S2S has the potential to create one of the largest diverse medical sourcing companies in the U.S.

This move aligns with Premier's strategy to focus on core technology-enablement and smarter supply chain solutions while supporting supply chain resiliency for U.S. healthcare providers. The partnership aims to expand into product categories needing additional competition and U.S. supply to prevent shortages and enhance supply chain resilience.

Premier, Inc. (NASDAQ: PINC) has announced a significant leadership change. Glenn Coleman, CPA, will be appointed as the new Chief Administrative and Financial Officer, effective November 11, 2024. Coleman, currently the EVP and CFO at Dentsply Sirona, brings over 30 years of financial and industry expertise. He will succeed Craig McKasson, who is set to retire on December 31, 2024, but will continue as a strategic advisor through 2026.

Coleman's extensive experience includes leadership roles at Integra LifeSciences, Curtiss-Wright , and Alcatel-Lucent. Premier's CEO, Michael J. Alkire, expressed confidence in Coleman's ability to lead the organization forward. McKasson, who joined Premier in 1997, was praised for his contributions in transforming the company from a hospital buying group into a key player in the U.S. healthcare system.

Premier, Inc. (NASDAQ: PINC) reported its fiscal-year 2024 Q4 and full-year results, showing growth in consolidated net revenue. Key highlights include:

- Q4 net revenue increased 3% to $350.3 million
- Full-year net revenue grew 1% to $1.35 billion
- Q4 net income rose 221% to $60.6 million
- Full-year net income decreased 39% to $106.7 million
- Q4 adjusted EBITDA declined 9% to $118.7 million
- Full-year adjusted EBITDA fell 8% to $445.8 million

The Board approved an additional $200 million share repurchase under the existing $1 billion authorization. Supply Chain Services saw 1% Q4 revenue growth, while Performance Services revenue increased 7%. The company remains focused on advancing its strategy and returning capital to stockholders.

Premier, Inc. (NASDAQ: PINC) has been chosen by AllSpire Health GPO, as its primary national GPO, supporting over $3.5 billion in annual GPO purchasing volume. The partnership will cover 54 acute care hospitals with more than 12,200 licensed acute beds. Premier will provide supply chain management services, performance improvement technology, and a procure-to-pay platform to AllSpire members.

The collaboration aims to drive operational efficiency, supply chain innovation, and value for AllSpire members. Premier will leverage its scale and data to evaluate products and services, supporting the development of a best-in-class contract portfolio. The anticipated GPO go-live date is January 2025, with the financial impact undisclosed.

Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, has announced a quarterly cash dividend of $0.21 per share of Class A common stock. The dividend will be payable on September 15, 2024, to stockholders of record as of the close of business on September 1, 2024. This announcement demonstrates Premier's commitment to returning value to shareholders and maintaining a consistent dividend policy.

Premier, Inc. (NASDAQ: PINC) has announced the release date for its fiscal 2024 fourth-quarter and full-year financial results. The company will disclose these results on Tuesday, August 20, 2024, at approximately 6:30 a.m. ET. Following this, Premier will host a conference call at 8:00 a.m. ET to discuss the financial outcomes.

Investors and interested parties can access the live webcast and replay in the Investors section of Premier's website under Events & Presentations. For those without internet access, the conference call can be joined via telephone using specific dial-in numbers for domestic and international participants.