Core Insights - TeleVox has secured a national group purchasing agreement for AI chatbots with Premier, Inc., allowing Premier members to access special pricing and terms for TeleVox's products [1][2] - The agreement aims to extend the reach of TeleVox's conversational AI platform, Iris, to thousands of hospitals and healthcare facilities across the U.S. [2][3] - Iris, introduced in 2023, offers advanced AI capabilities for self-service, answering inquiries, and connecting patients to staff, enhancing patient-provider relationships [2][4] Company Overview - TeleVox is a leading provider of omnichannel digital patient relationship management technology, trusted by over 7,000 healthcare organizations [4] - The company integrates its solutions with electronic health records (EHRs) to facilitate automated, personalized interactions with patients [4] - TeleVox has been operational for 30 years, focusing on preserving care continuity, reducing staff operational burdens, and driving revenue [4] Industry Context - Premier, Inc. is a significant healthcare improvement company, representing approximately 4,350 U.S. hospitals and 325,000 other providers [3] - Premier's services include integrated data and analytics, supply chain solutions, and consulting, aimed at improving care and outcomes while lowering costs [3]

Core Insights - Premier, Inc. reported a revenue of $248.14 million for the quarter ended September 2024, reflecting a decline of 22.2% year-over-year, with an EPS of $0.34 compared to $0.54 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $230.2 million by 7.79%, while the EPS surpassed the consensus estimate of $0.26 by 30.77% [1] Financial Performance Metrics - Net Revenue from Supply Chain Services (Services and software licenses) was $132.63 million, exceeding the average estimate of $120.95 million, but down 11% year-over-year [3] - Net Revenue from Supply Chain Services (Software licenses, other services and support) reached $18.76 million, surpassing the average estimate of $15.88 million, marking a significant increase of 67.7% year-over-year [3] - Net Revenue from Performance Services was $96.75 million, slightly above the estimated $93.44 million, but down 10.4% compared to the previous year [3] - Total Net Revenue from Supply Chain Services was $151.39 million, exceeding the average estimate of $136.83 million, but down 28.2% year-over-year [3] - Adjusted EBITDA for Supply Chain Services was $77.51 million, significantly higher than the estimated $58.16 million [3] - Adjusted EBITDA for Performance Services was $14.95 million, below the estimated $19.75 million [3] - Adjusted EBITDA for Corporate was -$30.03 million, worse than the estimated -$22.52 million [3] Stock Performance - Premier's shares have returned +4.9% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

Premier, Inc. (PINC) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30.77%. A quarter ago, it was expected that this company would post earnings of $0.49 per share when it actually produced earnings of $0.69, delivering a surprise of 40.82%.Over the last four quarters, the company ha ...

Financial Performance - Total net revenue decreased by 8% to $248.1 million compared to the fiscal 2024 first quarter[10] - Supply Chain Services segment net revenue decreased 7% to $151.4 million[10] - GPO net administrative fees revenue decreased 12%[10] - Performance Services segment net revenue decreased 9% to $96.8 million[10] - Adjusted EBITDA decreased 33% to $62.4 million, and adjusted net income decreased 38% to $34.7 million[10] - Adjusted EPS decreased 28% to $0.34[10] - Cash flow from operations was $80.0 million and free cash flow was $16.2 million for the quarter ended September 30, 2024[11] Capital Allocation - The company completed a $400 million accelerated share repurchase transaction in July, resulting in the retirement of approximately 19.9 million Class A common shares[11] - The company repurchased 2.9 million Class A common shares for $58 million in market transactions in August and September[11] - Dividends of $21.3 million were paid to stockholders in the fiscal 2025 first quarter[11] Fiscal 2025 Guidance - The company reaffirmed its fiscal 2025 guidance, with total net revenue excluding Contigo Health expected to be between $930 million and $1.02 billion[5, 13]

Toronto, Ontario, Canada, Nov. 04, 2024 (GLOBE NEWSWIRE) -- With a well-earned reputation as a global technology and innovation hub, the City of Markham was the clear winner when it came to choosing a location for the first new university campus in York Region. Today, York University’s President and Vice-Chancellor Rhonda Lenton, Ontario Premier Doug Ford, Markham Mayor Frank Scarpitti, and honoured guests gathered to officially mark the grand opening of York University’s Markham Campus. With technology ri ...

PITTSBURGH, Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) today announced it has entered a definitive agreement to acquire Ascent LLC., a privately held company headquartered in St. Louis, Missouri and a premier provider of data center facility management services for a cash-free, debt-free purchase price of $185 million.Ascent, known for its specialized data center facility and property management services, has $115 million in trailing twelve-month sales and a 30% three-year sales compound a ...

At the release of Q3 2024 the market did not react well, but after a few days the price per share recovered and again put its head above $26 per share.Hi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was the spark that introduced me to a new world, but over time I ...

I last covered First Solar (NASDAQ: FSLR ) in August, assigning a Strong Buy rating. Since that analysis, the stock has declined by over 5% in price. However, given the robust medium- to long-term potential for First Solar, I still consider this anOliver Rodzianko is an investment analyst specializing in the technology sector, with a focus on artificial intelligence, semiconductors, software, and renewable energy. He has earned a strong reputation on Seeking Alpha, where he is frequently featured in the pla ...

PITTSBURGH, Oct. 15, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that in accordance with the terms of its tender offer, since the tender offer was oversubscribed, it will purchase 32% of its issued and outstanding common shares on a pro rata basis, with appropriate adjustment to avoid purchase of fractional shares (the "proration factor"). The purchase price is $12.67 per common share, which is 99% of the net asset value per common share determined as of t ...

PITTSBURGH, Oct. 14, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that its tender offer for 3,679,390 of its issued and outstanding common shares, representing approximately 32% of its outstanding common shares, expired at 5 p.m. Eastern on Oct. 11, 2024. The offer was oversubscribed. Because the number of shares tendered exceeded the number of shares the fund offered to purchase, the fund will purchase the maximum percentage of outstanding shares it previo ...