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Sep 30, 2021
AMN Healthcare Q3 2021 Earnings Report
AMN Healthcare announced Q3 2021 results with revenue exceeding guidance due to high healthcare labor demand.
Key Takeaways
AMN Healthcare's Q3 2021 revenue reached $878 million, a 59% increase year-over-year. GAAP EPS was $1.54, and adjusted EPS was $1.73. The company is investing in its team and solutions to meet the ongoing healthcare labor shortage.
Revenue from all segments exceeded guidance in the third quarter.
Severe workforce shortages and growing patient volumes have elevated healthcare labor demand to unprecedented levels.
Adjusted EBITDA grew 80% year over year on 59% revenue growth.
The company is investing significantly in team members and increasing support for clients, healthcare professionals and communities.
AMN Healthcare
AMN Healthcare
AMN Healthcare Revenue by Segment
Forward Guidance
The company expects revenue between $1,130 million and $1,150 million.
Positive Outlook
- Consolidated revenue is expected to be approximately 80% higher than prior year.
- Nurse and Allied Solutions segment revenue is expected to grow 96-100% year over year.
- Physician and Leadership Solutions segment revenue is expected to be approximately 35% higher than prior year.
- Technology and Workforce Solutions segment revenue is expected to grow by approximately 50% compared with the year-ago period.
- Revenue guidance includes $14 million from labor disruption activities.