AMN Healthcare Q1 2021 Earnings Report
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.
AMN Healthcare
AMN Healthcare
AMN Healthcare 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.