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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.
Cross Country Healthcare
Cross Country Healthcare
Cross Country Healthcare Revenue by Segment
Revenue by Segment
Nurse and Allied Staffing Revenue
CapyFin.comPhysician Staffing Revenue
CapyFin.com 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