Premier (PINC) Misses Q4 EPS by 2c, Offers FY17 Guidance

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Go back to Premier (PINC) Misses Q4 EPS by 2c, Offers FY17 Guidance

Premier Inc. Reports Fiscal 2016 Fourth-Quarter and Full-Year Results

August 22, 2016 4:01 PM EDT

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2016 fourth quarter and full fiscal year ended June 30, 2016.

Full-Year Highlights:

Net revenue of $1.16 billion increased 15% from the prior year; Supply Chain Services segment revenue rose 12% and Performance Services segment revenue increased 24%. Net income of $235.2 million remained relatively unchanged from the prior year. Earnings per share attributable to stockholders totaled $1.33 per fully diluted share, compared with a loss of $24.25 per share the prior year. Non-GAAP adjusted EBITDA* increased 12%... More