Loading...
•
Dec 31, 2024
AMN Healthcare Q4 2024 Earnings Report
AMN Healthcare Services, Inc. reported its fourth quarter and full year 2024 financial results, with quarterly revenue of $735 million and a GAAP loss of ($4.90) per share.
Key Takeaways
AMN Healthcare Services, Inc. exceeded expectations in Q4 2024, driven by better labor disruption and core nurse and allied staffing revenue. The company reported a net loss due to a non-cash goodwill impairment, but saw strong cash flow from operations and reduced debt.
Fourth quarter 2024 financial results surpassed expectations due to stronger labor disruption and core nurse and allied staffing revenue.
The company recorded a net loss of ($187.5 million) in Q4 2024, primarily due to a $222 million non-cash goodwill impairment charge.
Cash flow from operations was robust at $73 million for the quarter and $320 million for the full year.
AMN Healthcare successfully reduced its debt by $75 million in the quarter, contributing to a full-year repayment of $250 million.
AMN Healthcare
AMN Healthcare
AMN Healthcare Revenue by Segment
Revenue by Segment
Nurse and Allied Solutions Revenue
CapyFin.comPhysician and Leadership Solutions Revenue
CapyFin.comTechnology and Workforce Solutions Revenue
CapyFin.com Forward Guidance
For the first quarter of 2025, consolidated revenue is projected to be between $660 million and $680 million, representing a 17-20% decrease year-over-year. This outlook includes an assumption of $24 million in labor disruption revenue.
Positive Outlook
- Guidance assumes $24 million of labor disruption revenue, indicating continued demand in this area.
- The company expects to maintain positive adjusted EBITDA margin between 7.7% and 8.2%.
- The ShiftWise Flex VMS platform onboarding was completed ahead of schedule, which could improve efficiency.
- Strategic accounts showed net positive client retention for the full year 2024.
- MSP business in locum tenens rebounded with over 20% volume increase in H2 2024.
Challenges Ahead
- Consolidated revenue is projected to decrease by 17-20% year-over-year in Q1 2025.
- Nurse and Allied Solutions segment revenue is expected to be 22-25% lower than prior year.
- Physician and Leadership Solutions segment revenue is projected to be 9-11% lower year-over-year.
- Technology and Workforce Solutions segment revenue is projected to be down 8-10% year-over-year.
- Operating margin is projected to be negative, ranging from (0.3)% to 0.4%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income