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Jun 30, 2024
Cross Country Healthcare Q2 2024 Earnings Report
Announced second quarter 2024 financial results
Key Takeaways
Cross Country Healthcare's second quarter results were in line with expectations, reflecting their ability to execute in a challenging environment for core nurse and allied. The company reported revenue of $339.8 million, a net loss attributable to common stockholders of $16.1 million, and adjusted EPS of $0.10.
Physician Staffing and Homecare Staffing experienced sequential and year-over-year revenue growth
Generated $82.4 million of cash flows from operations for Q2 2024, primarily driven by strong collections
Days Sales Outstanding down 7 days year-over-year and 18 days sequentially
Maintained a strong balance sheet with $70 million of cash on hand and no debt as of June 30, 2024
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
The company provided guidance for the third quarter of 2024, expecting revenue between $305 million and $315 million, adjusted EBITDA between $10.0 million and $13.0 million, and adjusted EPS between $0.08 and $0.12.
Revenue & Expenses
Visualization of income flow from segment revenue to net income