Premier (PINC) Tops Q1 EPS by 2c, Revenues Beat

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Premier Inc. Reports Fiscal 2020 First-Quarter Results

November 5, 2019 7:00 AM EST

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2020 first quarter ended Sept. 30, 2019.

All results presented in the following release reflect those of continuing operations.

Q1 2020 Highlights:

GAAP net revenue increased 3% to $302.4 million from $292.6 million a year ago; Supply Chain Services segment revenue increased 8% to $223.1 million from $206.9 million a year ago; and Performance Services segment revenue decreased 7% to $79.3 million from $85.7 million a year ago. GAAP net income was $70.9 million,... More