AMN Healthcare Services Inc
AMN
ISIN US0017441017 / Valor 1269241
AMN Healthcare Services Inc
UMushroom community rating:
About company
AMN Healthcare Services Inc is a leading provider of workforce management solutions, offering temporary staffing services and full-service recruitment process outsourcing. The company's wide portfolio includes telehealth solutions, managed service provider (MSP) services, supplier management, and more. With a focus on cost-effectiveness, AMN Healthcare helps healthcare organizations efficiently manage their workforce needs.
Summarized from source with an LLMView SourceSector: HealthcareLatest Results (07.08.2024):
Revenue Decline
AMN Healthcare Services Inc. reported a consolidated revenue of $821 million for the first quarter of 2024, marking a 27% decrease from the same quarter in the previous year. This decline was primarily driven by lower demand in their largest business segment, nurse staffing.
Net Income Drop
Net income for AMN Healthcare Services Inc. in the first quarter of 2024 was $17 million, or $0.45 per diluted share. This represents a significant drop from the $84 million, or $2.02 per diluted share, reported in the first quarter of 2023.
Segment Performance
The Nurse and Allied Solutions segment saw a revenue decline of 37% year over year, totaling $519 million. Travel nurse staffing revenue dropped by 44% year over year, while the Allied division revenue declined by 13% year over year but increased by 4% from the prior quarter.
Adjusted EBITDA
AMN Healthcare Services Inc. reported an adjusted EBITDA of $98 million for the first quarter of 2024, a 46% decrease from the same period last year. The adjusted EBITDA margin was 11.9%, down 400 basis points from the year-ago period.
Second Quarter Outlook
For the second quarter of 2024, AMN Healthcare Services Inc. expects consolidated revenue to be between $730 million and $750 million, which would be 24-26% lower than the prior year and 9-11% lower sequentially. The company anticipates continued challenges in the nurse staffing segment but expects growth in the Physician and Leadership Solutions segment.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2583 M
Market cap (USD)
246,871
Daily traded volume (Shares)
25.72 / 24.45
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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