Premier (PINC) Tops Q4 EPS by 4c, Revenues Beat; Offers FY19 EPS/Revenue Guidance
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Premier Inc. Reports Fiscal 2018 Fourth-Quarter and Full-Year Results
August 21, 2018 6:55 AM EDTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2018 fourth quarter and full fiscal year ended June 30, 2018.
Full-Year 2018 Highlights:
Net revenue increased 14% to $1.66 billion from the prior year; Supply Chain Services segment revenue rose 18% to $1.30 billion and Performance Services segment revenue increased 2% to $360.7 million. Due to a one-time re-measurement of deferred taxes related to tax reform, income tax expense increased more than 200%, resulting in a 43% decline in net income to $257.6 million from the prior... More