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Jun 30, 2022
AMN Healthcare Q2 2022 Earnings Report
AMN Healthcare's Q2 2022 revenue and earnings surpassed expectations due to robust demand and strong market performance.
Key Takeaways
AMN Healthcare announced strong second quarter 2022 results with revenue of $1.427 billion, a 66% increase over the prior year. GAAP EPS was $2.77, and adjusted EPS was $3.31. The company's performance was driven by robust demand and strong market conditions.
Consolidated revenue for the quarter was $1.427 billion, a 66% increase over prior year.
Net income was $124 million, or $2.77 per diluted share, compared to $67 million, or $1.39 per diluted share, in Q2 2021.
Adjusted diluted EPS in the second quarter was $3.31 compared with $1.64 in the same quarter of the prior year.
The company acquired Connetics USA in mid-May, contributing $2 million to the revenue.
Revenue by Segment
Forward Guidance
Revenue in the third quarter of 2022 is expected to be 23-26% higher than prior year and 22-24% lower sequentially.
Positive Outlook
- Nurse and Allied Solutions segment revenue is expected to grow 24-28% year over year, which includes $7 million from labor disruption activities.
- For the Physician and Leadership Solutions segment, revenue is expected to be approximately 15% higher than prior year.
- Technology and Workforce Solutions segment revenue is expected to grow by approximately 30% year over year.
Challenges Ahead
- The quarter-over-quarter decline is due primarily to the anticipated travel nurse and VMS bill rate reductions, which have come down slightly less than our prior expectations.
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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