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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
PITTSBURGH, Aug. 30, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) today announced that (subject to certain conditions) it will commence a cash tender offer for up to 32% of its outstanding common shares. The tender offer will provide all shareholders the opportunity to tender some or all of their common shares at a price per common share of 99% of the fund's net asset value (NAV) per share as determined on the day the tender offer expires or the preceding business day. The ...
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) - 2024 Q4 - Annual Report
2024-08-20 22:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 001-36092 Premier, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of inco ...
Premier(PINC) - 2024 Q4 - Earnings Call Transcript
2024-08-20 14:53
Premier Inc. (NASDAQ:PINC) Q4 2024 Earnings Conference Call August 20, 2024 8:00 AM ET Company Participants Michael Alkire - President, Chief Executive Officer Craig McKasson - Chief Administrative Officer, Chief Financial Officer Ben Krasinski - Senior Director, Investor Relations Conference Call Participants Eric Percher - Nephron Research Stephanie Davis - Barclays Dan Clark - Leerink Partners Jessica Tassan - Piper Sandler Richard Close - Canaccord Genuity Operator Good day and welcome to Premier’s fisc ...
Premier (PINC) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-20 14:31
Premier, Inc. (PINC) reported $350.27 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 2.9%. EPS of $0.69 for the same period compares to $0.68 a year ago. The reported revenue represents a surprise of +12.33% over the Zacks Consensus Estimate of $311.82 million. With the consensus EPS estimate being $0.49, the EPS surprise was +40.82%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...
Premier, Inc. (PINC) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2024-08-20 12:45
Premier, Inc. (PINC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 40.82%. A quarter ago, it was expected that this company would post earnings of $0.47 per share when it actually produced earnings of $0.55, delivering a surprise of 17.02%. Over the last four quarters, the company ...