third brief for a of fiscal discussion XXXX regarding fiscal details results remainder our financial Thanks, guidance our and begin XXXX. updated of provide quarter Mike. the with I'll
us. the in our quarter, the and We with ahead are pleased opportunities performance of we're excited about strong
preliminary our next thoughts still you plan, are I year. XXXX we provide developing While also with will fiscal fiscal our for
prior and of of the of $XXX.X quarter. from impact fees In contract agreements from For for purchase success XXXX. from the members of quarter. while the associated need Acurity a business, other in million the were the revenue and $XXX the certain in prior in year effective growth the fees Applied PPE of demand as with in respect result quarter, X, net chain ongoing the by prior including non-cash as our third of declines Plus analytics from members partially Design primarily was to in year ongoing revenue our quarter, the during million products services, third resiliency the our prior net has our programs which as impact and core quarter products, GAAP from The contract Sciences, growth during compared needed and quarter. in enterprise acquisition approximately the segment, million $X the profitability, revenues Products resulting of revenue across incremental and were reduced our $XX with the to administrative current portfolio prior in the our year Performance categories consolidated XXX% and prior acquisition quarter, acute $XX.X we the related deliver our increased million million the on and offset pandemic. suppliers quarter revenue addition negative the license by period our With segment XXXX, Health amortization and and year to: with XXXX, administrative contract revenue Virginia items penetration well Healthcare driven ongoing result critically administrative our and agreements as of mitigate Demonstrating million one, pandemic. were was of site decreased our a quarter. revenue revenue agreements, Nexera XXXX, supplies these in as year year XX% by revenue from income and $XX.X on driven performance million by commodity the in net a Mason amended as three, of spend fees Health to COVID-XX chain incremental services administrative the the part new expected which February securing prior revenue our fees of compared entered revenue Improvement included in high business compared analytics compared low Community July Contigo segment period products growth primarily significant year and growth of COVID-XX well revenue delivered high in Health members, year GAAP net increased revenue product in May GPO prepaid increased margin alternate the of with Management commitment year new the incremental as And lower related businesses. with aggregated Consulting in In driven to asset the extended compared quarter. increased to businesses. during due required utilization low-cost revenue $XXX.X for third prior given net net fees by as our ago with supply our license primarily XX% enterprise in increases offset high-quality compliance of growth System services Two, quarter in performance Supply result the to pandemic. impact in and partially ramp-up addition million System, X% GPO services by both, Cost profitability other of administrative $X These and into
decreased primarily million decreased $XXX.X quarter, third increased chain services segment earnings EBITDA net services $XX.X expected, mainly from by consolidated prepaid which as prior adjusted from the XX% million, and income $X.XX. XX% decreased per and of a XX% share of of adjusted was the result decreased X% quarter. the supply EBITDA year amortization $XXX.X amended in ago of Acurity decline year Adjusted which we the non-cash quarter fees. due $XX quarter-over-quarter, performance from to of extended and agreements the GPO administrative adjusted million, to adjusted the As partially XX% year million of This EBITDA offset prior a
tax $XXX.X utilization current a Our tax the now than lower expect $X.XX the primarily slightly allowance This of a the effective deferred of our was historical operating rate resulted tax release anticipated third XX%, change effective we assets with and in in XXXX, losses. year for benefit results share from from remainder compared the which primarily diluted a we expected the earnings per the fiscal in associated for GPO of balance months of XX, rate the XXXX. administrative on decrease for previously quarter and to valuation agreements the net operations COVID-XX March perspective, XXXX with of $XXX.X million liquidity ended was impact a The March nine revenue $X.XX was From fees year. for months ended result as cash to due the nine and of net flow and pandemic. sheet the million lower prior amended XX,
from the cash resulting tax of of as payable result $XXX.X of a in XX, limited as agreement inventory, addition, cash $XXX.X was Free to payments to year by XX, higher Premier cash decrease primarily with aggregated driven ended by impacted $XX.X pandemic also PPE March we due well In million totaled of a Board XX, restructure. XXXX. company's former for activities. ago. were a the million primarily same offset partially June to record quarterly month levels working flow compared dividend March nine in of purchasing stockholders activities, as impact distributions share factors XXXX the compared same the operating capital, period of $X.XX and XX, of partners impacted Cash changes LP was period in expected, On cash as factors of limited of including elimination restructure per connection for XXXX of the net part $XX.X at of tax the the X. as early a equivalents June XXXX that partners made termination as Directors net from by declared the The to also XXXX. operating the on million These the provided with at with receivable April August Premier's June of XXXX XX, the million cash
an year $X repaid as outstanding to revolving billion that $XX million of $XXX five facility and balance of March million and Our credit subsequent balance. XX, we quarter end of
our capabilities about the out investments excited XXXX make so acquisition to or we're next year their technology. IDS; over although the addition, to of early stages, expect and we In operational March are these in incremental build further still
years million believe the meaningful will Our deliver with members double-digit goal $XX $XXX capital. to XX functionality over a five fully to deliver the is in our on invested operational and to next have over to to suppliers We million and next months. currently enhanced return three capability XX revenue will this profitability,
earlier, is the of increased year full March we our As fiscal on remainder on our this through year. our Mike year XXXX with based year-to-date our guidance current for fiscal and XX, visibility updating XXXX expectations fiscal this of remainder are the which performance highlighted
the may incorporate Our significant healthcare does incorporates and undertake. consistent the that prior related our and acquisitions with certain effect not years, it to future guidance any market, key assumptions business we of
We are guidance. making the following updates our to
million $XXX revenue revenue billion primarily million, and million. services $XXX $X.XX million fees increasing direct of of are net sourcing comprised $XXX chain products net billion, We of to to revenue supply segment GPO $X.X to $XXX administrative to
the to $XXX the range in of million to of for growth produce low range range Together a end these to for year. prior billion. net revenue $XXX $X.XXX revenue X% are of services representing net increase segment range by new to the million a We $X.XXX consolidated expected increasing performance narrowing over an XX% billion
$XXX $X.XX. as to million in million, be to range earnings range share adjusted well the the $XXX per of be as in are to EBITDA increasing of adjusted We to $X.XX
of a that fiscal administrative continue deferral revenue the to on Our net quarter by $XX a further following be utilization, other lower based pressured as overall the decrease the potential approximately of stockpiles as the anticipated of $XX related million may procedures, expect expect our COVID-XX fiscal first XXXX overall their and result non-healthcare XXXX products many of build-up by result of use, We in the the and in sourcing fees quarter completing to for is fiscal needed pandemic. to a in as result level areas healthcare million elective revenue PPE purchasing sequentially GPO of of of members as subsides from certain well the currently ongoing items. certain we as with assumptions; of fourth direct quarter lower demand third a guidance critically XXXX step-down PPE continue products lower to
As we variability will timing with during any fiscal performance due recognition have agreements the and year. segment, the previously magnitude and services of enterprise periodic revenue license our profitability engagements in in the of be given communicated these there associated analytics to
capital expenditures in the be to fiscal of expect be lower year. million million originally and to the We now to anticipated slightly for we range $XXX $XXX than
expected rate reflect will fiscal an year tax for Lastly, XXXX net of income effective we now full XX%. adjusted
effective look ranging XX%. level ahead we to back between As to rate more the to we to tax XX% fiscal XXXX, expect a normalized revert
to us As any able continue we higher respectively. not or could end tax the lower evaluate able leverage we to bring to extent the to end range or will appropriate the the of strategies and always, planning are it opportunities,
focused priorities position laid our remain long-term we executing to to further look for on commented key as Mike business out XXXX the and Finally, success he earlier, we high the COVID-XX per excluding as strengthen forward fiscal of digits, EBITDA growth annual our share. adjusted of multi-year to earnings and compounded consolidated net impact mid targets revenue, adjusted single pandemic for rate achieve and on the
process fiscal finalizing XXXX plan. our in still are the We of
past actions during Importantly, fiscal performance the that XXXX in year been beyond. on and we taking focused will drive have our
in to a single-digit remaining factors; EBITDA. in view annual be to net of impact multi-year result by large of to to digits Our did which a XXXX from end we mid high not will in targeted on level for currently the two mid and across be of the second, growth to consolidated the rate subsequent the revenue range is growth. targets our growth XXXX the to higher administrative of low our years fiscal to some We perform to high growth compound incremental fee agree and adjusted customers. part amended agreements, low restructuring This initial XX% end previously And guided result drive the for further GPO revenue solutions high-single as future higher driven in target share in as near net a range will first, fees XX% profitability members that gain August traction other [ph] incremental our investments to. expect at members our at that in
expect open guidance financial XXXX for our on today. call. Thank now earnings our We your and opportunities excited across the longer fiscal for call businesses. quarter fourth up we'll We about questions. year term provide Dexter, you to full time near very remain
