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Cross Country Healthcare Q4 2024 Earnings Report
Cross Country Healthcare reported its financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
Cross Country Healthcare's fourth quarter revenue was $309.9 million, a 25% decrease year-over-year, but at the high end of their guidance range. The company reported a net loss of $3.8 million for the quarter, with diluted EPS at -$0.12. Non-travel businesses, including Physician Staffing, Education, and Homecare, showed continued strength.
Fourth quarter Revenue was at the high end of the guidance range.
Physician and Homecare Staffing experienced sequential and year-over-year revenue growth.
Cross Country Education experienced double-digit sequential revenue growth.
Continued strong balance sheet with $82 million of cash on hand and no debt as of December 31, 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 will not host an earnings conference call to review fourth quarter and full year 2024 financial results, nor will it provide forward-looking guidance, due to the pending transaction with Aya Healthcare, which is expected to occur in the second half of the year.
Positive Outlook
- Pending transaction with Aya Healthcare is expected to close in the second half of the year.
- Company continues on its path of delivering clinical excellence.
- Focus on meeting clients' needs in a dynamic market.
- Non-travel businesses showing continued strength.
- Strong balance sheet with no debt.
Challenges Ahead
- No earnings conference call will be held.
- No forward-looking guidance will be provided.
- The pending transaction may divert management time.
- Risks related to regulatory approvals for the merger.
- Potential adverse effects on market price due to merger announcement.
Revenue & Expenses
Visualization of income flow from segment revenue to net income