Premier, Inc. (NASDAQ:PINC) Q1 2023 Earnings Conference Call November 1, 2022 8:00 AM ET

Company Participants

Angie McCabe – Vice President-Investor Relations

Mike Alkire – President and Chief Executive Officer

Craig McKasson – Chief Administrative and Financial Officer

Conference Call Participants

Stephanie Davis – SVB Securities

Eric Percher – Nephron Research

Kevin Caliendo – UBS

Eric Coldwell – Baird

Richard Close – Canaccord Genuity

Jessica Tassan – Piper Sandler

Jack Wallace – Guggenheim

Operator

Good morning, and welcome to the Premier Inc. Fiscal 2023 First Quarter Results and 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 of Investor Relations. Please go ahead.

Angie McCabe

Thank you. Welcome to Premier's fiscal 2023 first 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 on 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 today. This morning, we reported our first quarter results, which were consistent with our expectations and we are reaffirming our fiscal 2023 guidance, which we introduced at our August earnings call. Our performance reflects continued execution of our strategy to provide value to our members and other customers through our innovative technology-enabled solutions that we expect will result in sustainable, long-term growth and create value for our stakeholders. Through our data and insights that can influence virtually every decision of health care, we are demonstrating our value as a trusted partner in helping our members navigate an evolving and challenging environment.