Premier, Inc. (NASDAQ:PINC) Q4 2022 Earnings Conference Call August 16, 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 Leerink

Michael Cherny - Bank of America Merrill Lynch

Eric Coldwell - Baird

Jessica Tassan - Piper Sandler

A.J. Rice - Credit Suisse

Richard Close - Canaccord Genuity

Jack Wallace - Guggenheim

Operator

Good morning and welcome to the Premier, Inc. Fiscal 2022 Fourth Quarter Results Conference Call. All participants will be in listen-only mode. [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 2022 fourth quarter and full-year conference call. Our speakers this morning are Mike Alkire, our President and CEO; and Craig McKasson, our Chief Administrative and Financial Officer.

Before we get started, I would like to remind you that our earnings release and the supplemental slides accompanying this conference call are available in the Investor Relations section of our website at investors.premierinc.com.

Managements remarks today contain certain forward-looking statements, and actual results could differ materially from those discussed today. These forward-looking statements speak only 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 Form 10-K for the fiscal year, 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. We’re very pleased with our performance in the fourth quarter and fiscal year 2022. For the full-year, net revenue of $1.4 billion and adjusted EBITDA of $498.7 million exceeded our expectations that reflects our focus on executing our multi-year growth strategy.