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Premier Q4 net revenue increased 13% to $266.6 million

Staff writer ▼ | August 26, 2015
Premier reported financial results for the fiscal 2015 fourth quarter and full fiscal year ended June 30, 2015. Q4 net revenue increased 13% to $266.6 million from the same period last year.
Premier
Premier   Adjusted EBITDA increased 7% to $100.1 million
Supply Chain Services segment revenue rose 14% and Performance Services segment revenue increased 12%. Adjusted EBITDA increased 7% to $100.1 million from the same period last year.

Adjusted fully distributed net income increased 6% to $53 million, or $0.36 on a fully diluted per-share basis, from the same period a year ago. GAAP net income attributable to shareholders was $8 million, compared with $8.9 million in the prior year.

Full-year highlights

Net revenue of $1,007 million increased 16% from non-GAAP pro forma results and 11% from GAAP net revenue for the prior year.

Supply Chain Services segment revenue rose 16% from non-GAAP pro forma results and 9% from GAAP results a year ago. Performance Services segment revenue increased 16% from the prior year.

Adjusted EBITD rose 12% to $393.2 million, and adjusted fully distributed net income increased 10% to $208.2 million, or $1.43 per diluted share, compared with non-GAAP pro forma results for fiscal 2014.

Excluding the year ago pro forma adjustment, adjusted EBITDA was unchanged and GAAP net income attributable to shareholders increased to $38.7 million from $28.3 million.

For the fiscal year ended June 30, 2015, the company generated cash flow from operations of $364.1 million.

At June 30, 2015, the company's cash, cash equivalents and short- and long-term marketable securities totaled $561.9 million, compared with $540.4 million at June 30, 2014, and the company had access to its entire unsecured $750.0 million, five-year revolving credit facility.


 

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