Premier Inc (NAS:PINC)

$ 19.89 -0.46 (-2.26%) Market Cap: 1.99 Bil Enterprise Value: 1.98 Bil PE Ratio: 19.89 PB Ratio: 1.06 GF Score: 75/100

Q4 2024 Premier Inc Earnings Call Transcript

Aug 20, 2024 / 12:00PM GMT

Release Date Price: $20.23 (+1.05%)

Transcript 8-K10-K

Key Points

Positve

Premier Inc (PINC) exceeded expectations for both fourth quarter and full-year fiscal 2024 results.
The company achieved a 97% GPO retention rate and a 95% SaaS institutional renewal rate for core informatics and technology products.
Premier Inc (PINC) secured five new supply chain co-management agreements with health systems in fiscal 2024.
The company onboarded 32 new health systems into its healthcare-specific enterprise resource planning solution.
Premier Inc (PINC) announced a $200 million share repurchase as part of its $1 billion share repurchase authorization.

Negative

Revenue in the direct sourcing business declined due to lower pricing and demand for certain products.
Adjusted EBITDA for supply chain services declined due to increased expenses and higher performance-related compensation expenses.
Free cash flow for fiscal 2024 decreased significantly from the prior year, primarily due to tax payments.
The company expects aggregate blended member fee share to increase to the low 60% range for fiscal 2025, impacting profitability.
Premier Inc (PINC) does not anticipate any member termination payments in fiscal 2025, which had positively impacted fiscal 2024 results.

Operator

Good day and welcome to Premier's fiscal 2024 fourth quarter and full-year conference call. (Operator Instructions) Please note this event is being recorded.

I would now like to turn the call over to Ben Krasinski, Senior Director, Investor Relations. Please go ahead.

Ben Krasinski

Premier Inc - Director, Investor Relations

Thank you, and welcome to Premier's fiscal 2024 fourth quarter and full-year conference call. Our speakers this morning are Mike Alkire, Premier's President and CEO; and Craig McKasson, our Chief Administrative and Financial Officer.

Before we get started, I want to remind everyone that our earnings release and the supplemental presentation accompanying this call are available in the Investors section of our website at investors.premierinc.com. Please be advised that management's remarks today contain certain forward-looking statements such as statements regarding our strategies, plans, prospects, expectations, and future performance, and actual results could differ materially from those discussed today. These forward

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.