AMN Healthcare Q1 2023 Earnings Report
Key Takeaways
AMN Healthcare announced its first quarter 2023 financial results with a revenue of $1.126 billion, a 27% decrease from prior year. GAAP EPS was $2.02 and adjusted EPS was $2.49. The company is focusing on sustainable workforce solutions and investing in technology enhancements.
Consolidated revenue for the quarter was $1.126 billion, a 27% decrease from prior year.
Net income was $84 million, or $2.02 per diluted share, compared with $146 million, or $3.09 per diluted share, in the first quarter of 2022.
Adjusted diluted EPS in the first quarter was $2.49 compared with $3.49 in the same quarter a year ago.
The company spent $225 million year to date to repurchase approximately 2.4 million shares of its common stock.
AMN Healthcare
AMN Healthcare
AMN Healthcare Revenue by Segment
Forward Guidance
Revenue in the second quarter of 2023 is expected to be 30-32% lower than prior year and 11-14% lower sequentially.
Challenges Ahead
- Nurse and Allied Solutions segment revenue is expected to be down 36-38% year over year.
- Physician and Leadership Solutions segment revenue is expected to be down approximately 5% year over year.
- For the Technology and Workforce Solutions segment, revenue is expected to be approximately 15% lower year over year.