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Mar 31, 2021
AMN Healthcare Q1 2021 Earnings Report
AMN Healthcare reported record first-quarter revenue and earnings, driven by strong demand in nurse and allied staffing and growth in language services and vendor management systems.
Key Takeaways
AMN Healthcare's first quarter 2021 revenue reached $886 million, a 47% increase year-over-year, with GAAP EPS of $1.47 and adjusted EPS of $1.70. The company experienced growth across all reportable segments, driven primarily by nurse and allied staffing, language services, and vendor management systems.
First quarter revenue and earnings were the highest in company history.
All reportable segments had higher demand and placement trends over Q4 2020.
Revenue increased 47% year-over-year, with organic growth of 44%.
Completed the acquisition of Synzi Holdings Inc., a virtual care communication platform.
Revenue by Segment
Forward Guidance
The company expects revenue between $810 and $830 million, gross margin between 32.4% and 32.8%, SG&A as percentage of revenue between 18.6% and 19.0%, operating margin between 10.5% and 11.0%, and adjusted EBITDA margin between 14.4% and 14.9%.
Positive Outlook
- Consolidated revenue is expected to be 33-36% higher than prior year.
- Nurse and Allied Solutions segment revenue is expected to grow 34-37% year over year.
- Travel nurse staffing revenue is expected to be up 30-33% from prior year.
- Allied revenue is expected to grow by about 38-40% year over year.
- Technology and Workforce Solutions segment revenue is expected to increase by 60-65% compared with the year-ago period.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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