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Premier Diversified Holdings Inc. Provides Update on Annual General and Special Meeting of Shareholders
GlobeNewswire News Room· 2024-09-12 22:55
Not for dissemination in the United States of America VANCOUVER, British Columbia, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Premier Diversified Holdings Inc. ("PDH" or the "Company") (TSXV:PDH) announces that, further to the Notice of Meeting dated August 9, 2024 regarding the Company's annual general and special meeting of shareholders (the "Meeting") to be held on September 13, 2024 at 3:00PM (Vancouver time), shareholders of the Company are invited to virtually attend the Meeting by visiting the URL: meetnow.g ...
Premier Graphene Inc. (BIEI), HGI Industrial Technologies, and Defense Atomics Announce Strategic Partnership for Advanced Graphene Solutions in Ballistic Protection
Prism Media Wire· 2024-09-10 12:30
Premier Graphene Inc. (BIEI), HGI Industrial Technologies, and Defense Atomics Announce Strategic Partnership for Advanced Graphene Solutions in Ballistic Protection Revenue Potential from the Partnership Exceeds $50,000,000 for Publicly Traded Premier Graphene El Centro, California, September 10, 2024 – PRISM MediaWire – Premier Graphene Inc. (OTC: BIEI) ("Premier"), HGI Industrial Technologies S.A. de P.I. de CV. ("HGI"), and Defense Atomics are pleased to announce a strategic partnership aimed at advanci ...
Federated Hermes Premier Municipal Income Fund announces tender offer
Prnewswire· 2024-08-30 20:17
Core Viewpoint - Federated Hermes Premier Municipal Income Fund plans to initiate a cash tender offer for up to 32% of its outstanding common shares, allowing shareholders to tender shares at 99% of the fund's net asset value (NAV) per share [1][2]. Group 1: Tender Offer Details - The tender offer is set to commence on September 13, 2024, and conclude on October 11, 2024 [1]. - If the number of shares tendered exceeds 32%, purchases will be made on a pro rata basis, meaning not all tendered shares may be bought [2]. - Shareholders who tender their shares may receive a better price than the market, while those who do not tender will benefit from an anticipated increase in NAV due to the tender price being below NAV [3]. Group 2: Fund Operations and Management - The fund's investment advisor expects the tender offer will not impact the fund's ability to maintain total annual operating expenses at or below 0.99% [4]. - The tender offer is part of an agreement with Saba Capital Management, L.P., which includes compliance with standstill covenants and voting in line with the fund's Board of Trustees [5]. Group 3: Company Overview - Federated Hermes, Inc. manages $782.7 billion in assets as of June 30, 2024, providing a range of investment solutions to over 10,000 institutions and intermediaries globally [8].
Premier Graphene's Proprietary Graphene-Modified Asphalt Demonstrates Substantial Stability and Performance Improvements Compared to Conventional Asphalt in Laboratory Tests
GlobeNewswire News Room· 2024-08-29 12:30
EL CENTRO, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Premier Graphene Inc. (OTC: BIEI), formerly Premier Biomedical Inc., announced today a groundbreaking technical report with significant implications for the road and highway construction industries. Building on our successful integration of our high-grade, efficacious graphene in cement, the testing conducted by Baja California Test S.A. de R.L. de C.V., highlights that the integration of graphene into asphalt mixtures, demonstrates again substantial enha ...
Premier(PINC) - 2024 Q4 - Annual Results
2024-08-21 20:01
Financial Performance - For the fiscal year 2024, Premier, Inc. reported a GAAP net revenue of $1,346.4 million, reflecting a 1% increase from $1,336.1 million in the prior year[14]. - The fourth-quarter GAAP net revenue was $350.3 million, up 3% from $340.4 million in the prior-year period[8]. - Net income for the fourth quarter was $60.6 million, a significant increase of 221% from $18.9 million in the prior-year period[9]. - Adjusted EBITDA for the fourth quarter decreased by 9% to $118.7 million from $131.1 million in the prior-year period[10]. - Adjusted EPS for the fourth quarter was $0.69, a 3% increase from $0.67 in the prior-year period[10]. - Adjusted net income decreased 6% to $270.4 million from $288.1 million in the prior year, impacted by the decrease in adjusted EBITDA and an increase in the effective income tax rate[15]. - Net income for the year ended June 30, 2024, was $106,719, a decrease of 39% compared to $174,887 for the year ended June 30, 2023[36]. - Adjusted EBITDA for the year ended June 30, 2024, was $445,842, a decrease of 8% compared to $483,715 for the year ended June 30, 2023[39]. - The company reported a diluted earnings per share of $0.57 for the three months ended June 30, 2024, compared to $0.18 in the same period of 2023, indicating improved profitability[34]. Revenue Segments - The Supply Chain Services segment net revenue was $230.0 million, a 1% increase from $228.1 million in the prior-year period[11]. - Performance Services segment net revenue increased by 7% to $120.4 million from $112.3 million in the prior-year period[13]. - Supply Chain Services segment net revenue decreased 2% to $886.3 million from $900.0 million year-over-year, while Performance Services segment net revenue increased 6% to $460.3 million from $436.2 million[16]. Cash Flow and Liquidity - Net cash provided by operating activities decreased to $296.6 million from $444.5 million in the prior year, primarily due to $162.3 million in tax payments related to the sale of non-healthcare GPO operations[17]. - Free cash flow for the year ended June 30, 2024, was $115.7 million, down from $264.4 million in the prior year, mainly due to the same factors impacting operating cash flow[19]. - Cash and cash equivalents increased to $125.1 million as of June 30, 2024, compared to $89.8 million as of June 30, 2023[18]. - Total current liabilities decreased to $746,563,000 as of June 30, 2024, from $815,463,000 in the prior year, indicating improved liquidity[35]. - Cash and cash equivalents increased to $125,146,000 as of June 30, 2024, compared to $89,793,000 in the same period of 2023, showing enhanced cash position[35]. Shareholder Returns and Repurchases - The company plans to execute an additional $200 million share repurchase under its $1 billion authorization[2]. - The company paid aggregate dividends of $95.2 million to holders of its Class A common stock during the year ended June 30, 2024[19]. - The company repurchased $400,000 of Class A common stock during the year ended June 30, 2024[36]. Guidance and Future Outlook - The company expects total net revenue for fiscal 2025 to be between $930 million and $1.02 billion, excluding contributions from Contigo Health and S2S Global[7]. - The guidance for fiscal 2025 includes an expected adjusted EBITDA range of $235 million to $255 million[7]. - Forward-looking guidance excludes financial contributions from divested businesses, including Contigo Health and S2S Global, and will be updated to reflect the sale of the non-healthcare GPO in fiscal 2025[32]. Expenses and Liabilities - Research and development expenses for the three months ended June 30, 2024, were $663,000, down from $1,564,000 in the same period of 2023, reflecting a focus on cost management[34]. - The company incurred acquisition- and disposition-related expenses of $4,117,000 for the three months ended June 30, 2024, compared to $5,559,000 in 2023, reflecting a decrease of 25.9%[40]. - The company reported an impairment of assets totaling $140,053 for the year ended June 30, 2024, compared to $56,718 in the previous year[39]. - The company’s total liabilities increased to $1,439,218,000 as of June 30, 2024, from $1,037,132,000 in the prior year, suggesting a rise in financial obligations[35].
Arch Resources and CONSOL Energy to Combine in All-Stock Merger of Equals to Create Core Natural Resources, a Premier North American Natural Resource Company Focused on Global Markets
Prnewswire· 2024-08-21 11:00
Brings Together Two Best-in-Sector Operating Platforms with a World-Class Portfolio of High-Quality, LowCost, Long-Lived Longwall Coal Mining Assets and Strong Distribution Networks Creates Diversified Coal Producer Serving Global Steel, Industrial, and Power Generation Customers with ~12 Mtpa of Metallurgical Grade Coals and More than 25 Mtpa of High Calorific Value Thermal Coal Creates a Leading North American Coal Export Business with ~25 Mtpa of Export Capacity via Ownership Interests in Two East Coast ...
Premier (PINC) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-20 14:31
Core Insights - Premier, Inc. reported revenue of $350.27 million for the quarter ended June 2024, marking a year-over-year increase of 2.9% and a surprise of +12.33% over the Zacks Consensus Estimate of $311.82 million [1] - The EPS for the same period was $0.69, compared to $0.68 a year ago, with an EPS surprise of +40.82% against the consensus estimate of $0.49 [1] Revenue Performance - Net Revenue from Supply Chain Services - Products was $50.77 million, which is -17.6% year-over-year and below the average estimate of $55.63 million [3] - Net Revenue from Supply Chain Services - Services and software licenses - Net administrative fees was $165.42 million, representing a +4.6% year-over-year increase and exceeding the average estimate of $141.30 million [4] - Net Revenue from Supply Chain Services - Services and software licenses was $179.22 million, surpassing the average estimate of $152.73 million [5] - Net Revenue from Performance Services was $120.36 million, which is +7.2% year-over-year and above the average estimate of $103.53 million [6] - Total Net Revenue from Supply Chain Services was $229.98 million, reflecting a +0.9% year-over-year change and exceeding the average estimate of $208.36 million [8] Adjusted EBITDA - Adjusted EBITDA for Supply Chain Services was $123.45 million, significantly higher than the average estimate of $98.21 million [9] - Adjusted EBITDA for Performance Services was $33.67 million, also above the average estimate of $24.57 million [10] - Adjusted EBITDA for Corporate was -$38.42 million, worse than the average estimate of -$30.71 million [11] Stock Performance - Shares of Premier have returned +1.6% over the past month, compared to the Zacks S&P 500 composite's +1.9% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [11]
Premier, Inc. (PINC) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2024-08-20 12:45
Company Performance - Premier, Inc. reported quarterly earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.49 per share, and showing a slight increase from $0.68 per share a year ago, resulting in an earnings surprise of 40.82% [1] - The company achieved revenues of $350.27 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 12.33% and up from $340.36 million year-over-year [2] - Over the last four quarters, Premier has consistently surpassed consensus EPS estimates four times and topped revenue estimates three times [2] Market Performance - Premier shares have declined approximately 10.5% since the beginning of the year, contrasting with the S&P 500's gain of 17.6% [3] - The current Zacks Rank for Premier is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.53 on revenues of $311.96 million, while the estimate for the current fiscal year is $2.17 on revenues of $1.29 billion [7] - The outlook for the Medical Services industry, where Premier operates, is currently in the bottom 42% of over 250 Zacks industries, which may impact stock performance [8]
Premier (PINC) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-08-15 14:16
Wall Street analysts forecast that Premier, Inc. (PINC) will report quarterly earnings of $0.49 per share in its upcoming release, pointing to a year-over-year decline of 27.9%. It is anticipated that revenues will amount to $311.82 million, exhibiting a decline of 8.4% compared to the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial p ...
New Unlimited Features Make Princess Cruises' Premier Package the Best Value in Cruising
Prnewswire· 2024-08-15 12:00
Unlimited Drinks, Unlimited Specialty Dining, Unlimited Internet and More Make an All-Inclusive Princess Vacation Easy FT. LAUDERDALE, Fla., Aug. 15, 2024 /PRNewswire/ -- Imagine a vacation where your glass is never empty, and you can indulge in unlimited beverages - both alcoholic and non-alcoholic - without a second thought. Now add in world class meals at the best specialty restaurants every night of your cruise if you choose and have the best connectivity at sea. This kind of luxury and convenience, and ...