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Mar 31, 2024
Cross Country Healthcare Q1 2024 Earnings Report
Cross Country Healthcare's financial performance decreased due to challenging market conditions, but physician staffing and homecare staffing experienced year-over-year revenue growth.
Key Takeaways
Cross Country Healthcare reported a decrease in revenue and profitability for Q1 2024, impacted by headwinds in contingent nursing labor. Revenue was $379.2 million, a 39% decrease year-over-year. Net income was $2.7 million, and adjusted EPS was $0.19. However, the company saw growth in physician staffing and homecare staffing.
Revenue, Adjusted EBITDA, and Adjusted EPS were within guidance ranges.
Physician Staffing and Homecare Staffing experienced year-over-year revenue growth.
The company had no debt outstanding as of March 31, 2024.
Approximately 300,000 shares of common stock were repurchased for $6.4 million.
Revenue by Segment
Forward Guidance
Cross Country Healthcare anticipates revenue between $330 million and $340 million for Q2 2024. Adjusted EBITDA is expected to be between $10.0 million and $15.0 million, and adjusted EPS is projected to be between $0.10 and $0.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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