Premier, Inc. (PINC) Tops Q1 EPS by 3c; Boosts Outlook

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Go back to Premier, Inc. (PINC) Tops Q1 EPS by 3c; Boosts Outlook

Premier, Inc. Reports Fiscal 2016 Second-Quarter Results

February 8, 2016 4:04 PM EST

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier, Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2016 second quarter ended December 31, 2015.

Second-Quarter Highlights:

Net revenue increased 17% to $291.7 million from the same period last year; Supply Chain Services segment revenue rose 13% and Performance Services segment revenue increased 27%. Adjusted EBITDA* increased 17% to $116.1 million from the same period last year. Adjusted fully distributed net income* increased 18% to $61.7 million, or $0.42 on a fully diluted per-share basis, from the same period a year ago. GAAP net income totaled $61.0... More