Premier(US:PINC)2024-11-05 13:28Financial 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]