Premier, Inc. (NASDAQ:PINC) Q2 2023 Earnings Conference Call February 7, 2023 8:00 AM ET

Company Participants

Angie McCabe - Vice President of Investor Relations

Mike Alkire - President & Chief Executive Officer

Craig McKasson - Chief Administrative & Financial Officer

Conference Call Participants

Eric Percher - Nephron Research

Michael Cherny - Bank of America

Stephanie Davis - SVB Securities

Jessica Tassan - Piper Sandler

Richard Close - Canaccord Genuity

Eric Coldwell - Baird

Jack Wallace - Guggenheim

Kevin Caliendo - UBS

Operator

Good morning and welcome to Premier's Fiscal 2023 Second Quarter Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Angie McCabe, Vice President, Investor Relations. Please, go ahead.

Angie McCabe

Thank you. Welcome to Premier's fiscal 2023 second quarter conference call. Our speakers this morning are Mike Alkire, Premier's President and CEO; and Craig McKasson, our Chief Administrative and Financial Officer.

Before we get started, I want to remind everyone that our earnings release and the supplemental slides accompanying this conference call are available in the Investors section of our website at investors.premierinc.com.

Management's remarks today contain certain forward-looking statements, and actual results could differ materially from those discussed today. These forward-looking statements speak as of today, and we undertake no obligation to update them. Factors that might affect future results are discussed in our filings with the SEC, including our most recent Form 10-K and our Form 10-Q for the quarter, which we expect to file soon. We encourage you to review these detailed safe harbor and risk factor disclosures.

Also, where appropriate, we will refer to adjusted or other non-GAAP financial measures, such as free cash flow to evaluate our business. Reconciliations of non-GAAP financial measures to GAAP financial measures are included in our earnings release, in the appendix of the supplemental slides accompanying this presentation and in our earnings Form 8-K, which we expect to furnish to the SEC soon.

I will now turn the call over to Mike Alkire. Mike?

Mike Alkire

Thanks, Angie. Good morning, everyone, and thank you for joining us. A short time ago we reported our second quarter results, which I am pleased to share, were largely in line with our expectations. We also announced that we are implementing a targeted cost savings plan and revising our fiscal 2023 segment revenue and adjusted earnings per share guidance.