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Sep 30, 2020
Cross Country Healthcare Q3 2020 Earnings Report
Revenue decreased due to COVID-19 impacts, but the company made progress growing its businesses and advanced its digital transformation.
Key Takeaways
Cross Country Healthcare reported a decrease in revenue by 7% year-over-year and a net loss attributable to common shareholders of $1.3 million. The company's digital transformation remained on track with the successful deployment of a new applicant tracking system for its largest business.
Consolidated revenue was $194.0 million, a decrease of 7% year-over-year.
Consolidated gross profit margin was 24.7%, up 30 basis points year-over-year.
Net loss attributable to common shareholders was $1.3 million.
Adjusted EPS was $0.12 compared to $0.05 in the prior year.
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 fourth quarter of 2020 with revenue between $185 million and $195 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income