AMN Healthcare Q4 2021 Earnings Report
Key Takeaways
AMN Healthcare announced Q4 2021 results with revenue of $1.36 billion, a 116% increase over the prior year. GAAP EPS was $2.42, and adjusted EPS was $2.95. Demand for workforce staffing and technology solutions grew, and investments in digital platforms improved clinician and client experience.
Consolidated revenue for the quarter was $1.363 billion, a 116% increase over prior year.
Net income was $116 million, or $2.42 per diluted share, compared to $9 million, or $0.19 per diluted share, in the same quarter last year.
Adjusted diluted EPS was $2.95 compared with $1.00 in the year-ago quarter.
The Physician and Leadership Solutions segment reported revenue of $164 million, higher by 47% year over year.
AMN Healthcare
AMN Healthcare
AMN Healthcare Revenue by Segment
Forward Guidance
AMN Healthcare projects revenue between $1.475-1.515 billion, gross margin of 31.2% - 31.7%, SG&A as percentage of revenue 15.9% - 16.4%, operating margin 12.9% - 13.4%, and adjusted EBITDA margin 16.0% - 16.5% for Q1 2022.
Positive Outlook
- Projecting 66-71% year-over-year revenue growth in the first quarter of 2022.
- Nurse and Allied Solutions segment revenue is expected to be up by approximately 82% compared with prior year.
- Physician and Leadership Solutions segment revenue in the first quarter to increase by approximately 18% compared with prior year.
- Technology and Workforce Solutions segment revenue growing approximately 56% year over year.
- Operating margin between 12.9% - 13.4%
Challenges Ahead
- Guidance assumes no labor disruption revenue in the quarter.
- Gross margin is expected to be down approximately 100 basis points year over year.
- Higher compensation for our healthcare professionals.
- A revenue mix shift toward our lower-margin staffing businesses.
- Adjusted tax rate of 27%