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Dec 31, 2019
AMN Healthcare Q4 2019 Earnings Report
AMN Healthcare's Q4 2019 results exceeded expectations with revenue up 11% year-over-year and adjusted EPS of $0.85.
Key Takeaways
AMN Healthcare announced strong Q4 2019 results, with revenue reaching $587 million, an 11% increase year-over-year. The Nurse and Allied Solutions segment drove growth, supported by labor disruption events and rapid response staffing. Adjusted EPS was $0.85, reflecting a 5% increase from the prior year.
Fourth quarter results exceeded expectations, driven by the Nurse and Allied Solutions segment.
Nurse and Allied segment recorded 6% year-over-year organic growth.
Acquired b4health, an innovative float pool management technology solution and vendor management system, in December.
The acquisition of Stratus Video is expected to strengthen AMN's position as healthcare's leading total talent solutions partner.
AMN Healthcare
AMN Healthcare
AMN Healthcare Revenue by Segment
Revenue by Segment
Nurse and Allied Solutions Revenue
CapyFin.com Forward Guidance
The company provided Q1 2020 revenue guidance of $598 to $605 million, with projected year-over-year revenue growth of 12-14%.
Positive Outlook
- Consolidated revenue: $598 - $605 Million
- Gross margin: 33.3% - 33.5%
- SG&A as percentage of revenue: 23.1% - 23.3%
- Operating margin: 6.8% - 7.0%
- Adjusted EBITDA margin: 12.3% - 12.5%
Challenges Ahead
- Guidance assumes no labor disruption revenue in the quarter.
- Projected organic revenue to increase only 2-3%
- Locum Tenens revenue in the first quarter is expected to be flat to up 1% compared with prior year.
- Stratus Video revenue is expected to be approximately $15 million reflecting anticipated results from the date of acquisition.
- Operating margin 6.8% - 7.0%