Premier reports Q3 adjusted EPS 46c, consensus 30c

Reports Q3 revenue $261.4M, consensus $242.07M. “Our overall revenue and profitability grew sequentially and exceeded our expectations for the third quarter largely due to better-than-anticipated results in our Supply Chain Services segment,” said Michael Alkire, Premier’s (PINC) President and CEO. “As a result, we are increasing our adjusted EBITDA and adjusted EPS guidance and reaffirming the midpoint of our consolidated revenue guidance range. In addition, adjusted EPS also benefited from share repurchases under our $1 billion share repurchase authorization, including the initiation of a $200 million accelerated share repurchase program announced in February as we continue to return capital to stockholders.”