AMN Healthcare Q2 2022 Earnings Report
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.
AMN Healthcare
AMN Healthcare
AMN Healthcare 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.