AMN Healthcare Q1 2024 Earnings Report
Key Takeaways
AMN Healthcare reported a Q1 2024 revenue of $821 million, a 27% decrease year-over-year. GAAP EPS was $0.45, and adjusted EPS was $0.97. The company is managing expenses and capital spending amidst lower travel nurse demand while focusing on long-term objectives.
Consolidated revenue for the quarter was $821 million, a 27% decrease from the prior year.
Net income was $17 million, or $0.45 per diluted share, compared to $84 million, or $2.02 per diluted share, in the first quarter of 2023.
Adjusted diluted EPS in the first quarter was $0.97 compared with $2.49 in the same quarter a year ago.
Revenue for the Nurse and Allied Solutions segment was $519 million, lower by 37% year over year.
AMN Healthcare
AMN Healthcare
AMN Healthcare Revenue by Segment
Forward Guidance
Revenue in the second quarter of 2024 is expected to be 24-26% lower than prior year and 9-11% lower sequentially.