AMN Healthcare Q1 2022 Earnings Report
Key Takeaways
AMN Healthcare announced record first quarter 2022 results with revenue of $1.553 billion, a 75% increase over the prior year. GAAP EPS was $3.09, and adjusted EPS was $3.49. The company experienced strong demand across its nursing, allied, locum tenens, and other businesses.
Consolidated revenue for the quarter was $1.553 billion, a 75% increase over the prior year.
Net income was $146 million, or $3.09 per diluted share, compared to $70 million, or $1.47 per diluted share, in the first quarter of 2021.
Adjusted diluted EPS in the first quarter was $3.49 compared with $1.70 in the same quarter of the prior year.
Revenue for the Nurse and Allied Solutions segment was $1.228 billion, up 87% year over year.
AMN Healthcare
AMN Healthcare
AMN Healthcare Revenue by Segment
Forward Guidance
The company expects revenue in the second quarter of 2022 to be 56-61% higher than the prior year.
Positive Outlook
- Revenue in the second quarter of 2022 is expected to be 56-61% higher than prior year.
- Revenue guidance includes $65-70 million from labor disruption activities.
- Excluding labor disruption, Nurse and Allied Solutions segment revenue is expected to grow 57-60% year over year.
- For the Physician and Leadership Solutions segment, revenue is expected to be approximately 20% higher than prior year.
- Technology and Workforce Solutions segment revenue is expected to grow by approximately 45% compared with the year-ago period.