Premier, Inc. reported fiscal‑year 2026 first‑quarter results with net revenue of $240.0 million, a 3 % decline from $248.1 million a year earlier. Net income from continuing operations was $15.3 million, translating to earnings per share of $0.21. Adjusted earnings per share, excluding Contigo Health, were $0.32, and adjusted EBITDA was $55.0 million, down 12 % from $62.4 million a year earlier.
Supply Chain Services revenue was $152.1 million, essentially flat versus $151.4 million a year ago, while Performance Services revenue fell 9 % to $87.9 million from $96.8 million. The revenue decline was driven by the divestiture of the S2S Global direct‑sourcing business and the ongoing wind‑down of Contigo Health, which reduced the company’s overall service mix. The performance‑services drop reflects lower demand in the healthcare‑technology segment during the quarter.
Cash and liquidity metrics were modest: cash and cash equivalents stood at $43.4 million, and the revolving credit facility had an outstanding balance of $280 million. Net cash provided by operating activities was $15.9 million, net cash used in investing activities was $19.5 million, and net cash used in financing activities was $36.7 million. Non‑GAAP free cash flow for the quarter was $(14.0) million.
Premier suspended dividend payments and withdrew its fiscal‑year 2026 guidance following the pending acquisition by Patient Square Capital. The $2.6 billion deal is expected to close in the first quarter of 2026 and will take Premier private. The company also noted a $57.0 million derivative lawsuit settlement that was recorded in the prior year’s results, underscoring the transition phase and the impact of the acquisition on its financial outlook.
In the prior fiscal‑year 2025 first‑quarter, Premier reported net revenue of $248.14 million and adjusted earnings per share of $0.34. Net income from continuing operations was $72.9 million, or $0.72 per share, providing a benchmark for the current quarter’s performance.
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