Premier (PINC) Tops Q3 EPS by 3c, Updates FY Guidance
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Premier Inc. Reports Fiscal 2016 Third-Quarter Results
May 9, 2016 4:03 PM EDTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2016 third quarter ended March 31, 2016.
Third-Quarter Highlights:
Net revenue increased 14% to $298.7 million from the same period last year; Supply Chain Services segment revenue rose 11% and Performance Services segment revenue increased 24%. Adjusted EBITDA* increased 16% to $119.9 million from the same period last year. Adjusted fully distributed net income* increased 16% to $63.9 million, or $0.44 on a fully diluted per-share basis, from the same period a year ago. GAAP net income totaled $71.6... More