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Dec 31, 2023
Cross Country Healthcare Q4 2023 Earnings Report
Announced fourth quarter and full year 2023 financial results.
Key Takeaways
Cross Country Healthcare's Q4 2023 revenue was $414.0 million, a decrease of 34% year-over-year. Net income attributable to common stockholders was $9.0 million, and diluted EPS was $0.26. The company proactively managed its cost structure, repaid $73.9 million on the term loan, and invested over $20 million in core technologies.
Fourth quarter Revenue exceeded the high end of guidance range
Physician Staffing and Education experienced annual double-digit year-over-year revenue growth
Proactively managed cost structure and drove a full year adjusted EBITDA margin of over 7%
Repaid $73.9 million on the term loan and paid down the ABL, ending the year debt-free
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 expects Q1 2024 revenue to be between $370 million and $380 million, with adjusted EBITDA between $13.0 million and $18.0 million, and adjusted EPS between $0.15 and $0.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income