UKRAINE - 2019/02/17: In this photo illustration, the AMN Healthcare Services Inc logo seen ... [+] displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)LightRocket via Getty ImagesThe stock price of AMN Healthcare, a healthcare workforce solutions and staffing services provider, plunged around 30% on Friday, November 8. Although the company reported an upbeat Q3, its margins contracted, which didn’t sit well with the investors. The company reported sales ...

DALLAS, Nov. 11, 2024 (GLOBE NEWSWIRE) -- AMN Healthcare, the leader and innovator in total talent solutions for healthcare organizations, announces it has approved near and long-term science-based emissions reduction targets with the Science Based Targets initiative (SBTi), joining over 4,000 companies globally in the pursuit of net zero emissions. This decisive move underscores AMN Healthcare’s dedication to sustainability and proactive measures against climate change. AMN Healthcare has set near- and lon ...

Financial Data and Key Metrics - Q3 2024 revenue was $688 million, above the high end of guidance and down 19% YoY [6][18] - Adjusted EBITDA was $74 million, above consensus estimates but down 45% YoY [6][29] - Net income was $7 million, down 87% YoY, with GAAP diluted EPS of $0.18 and adjusted EPS of $0.61 [30] - Days sales outstanding (DSO) improved to 60 days, a 10-day reduction since the start of 2024 [31] - Operating cash flow was $67 million, with capital expenditures of $19 million [31] Business Segment Performance Nurse and Allied Solutions - Revenue was $399 million, down 30% YoY and 10% sequentially, driven by lower volume and rates in travel nurse and allied staffing [15][21] - Travel nurse revenue was $244 million, down 37% YoY, while allied revenue was $141 million, down 16% YoY [22] - Segment operating margin was 8.8%, down 570 basis points YoY, impacted by lower gross margins and deleveraging of SG&A expenses [23] Physician and Leadership Solutions - Revenue was $181 million, up 13% YoY due to the MSDR acquisition but down 3% sequentially [16][24] - Locum tenens revenue was $142 million, up 26% YoY, while interim leadership and search revenues declined [25] - Segment operating margin was 10%, down 350 basis points YoY, primarily due to lower gross margins [26] Technology and Workforce Solutions - Revenue was $108 million, down 11% YoY, with language services up 13% YoY but VMS revenue down 34% YoY [17][27] - Segment gross margin was 57.9%, down from 65% YoY, driven by a revenue mix shift away from higher-margin VMS and outsourced solutions [28] Market and Industry Trends - Demand for travel nurse staffing has increased 60% from the April low but remains 35% below 2019 levels [8] - Unfilled orders for nurse and allied staffing increased from 9% last quarter to 14% in Q3, indicating pricing challenges [8][9] - Some clients are raising bill rates for hard-to-fill specialties, signaling a potential normalization in the staffing market [39] - The industry is experiencing margin pressure due to competition and wage inflation, but conditions are expected to improve in 2025 [10][38] Strategic Direction and Competitive Landscape - The company is focusing on technology-driven solutions, such as the WorkWise platform, to enhance workforce planning and client engagement [13][14] - AMN has achieved a net positive MSP win-loss score for 2024, reflecting improved competitive positioning [13] - The company is leveraging its broad solution set to help clients build sustainable workforce strategies, with top clients using an average of 10 solutions [14][92] Management Commentary on Operating Environment and Outlook - Management noted signs of market stabilization, with increasing demand for travel nurse staffing and stable bill rates [7][39] - The company expects labor scarcity to reemerge as a key industry driver in 2025, with potential margin improvements as market conditions normalize [10][38] - Q4 2024 revenue guidance is $685 million to $705 million, with adjusted EBITDA margin expected to be 9.2% to 9.7% [33][34] Other Important Information - The company paid down $60 million of revolver debt in Q3, bringing the year-to-date paydown to $175 million [32] - AMN increased its maximum leverage covenant on the revolving line of credit from 4x to 4.5x through the end of 2025 [32] - The international nurse business, impacted by visa retrogression, is expected to taper off in Q2 2025 and resume growth by the end of 2025 [89][90] Q&A Session Summary Margin Outlook and SG&A - Management discussed potential gross margin improvements through favorable business mix and bill-pay spread recovery [42][43] - SG&A expenses are expected to remain stable, with potential leverage as higher-margin businesses grow [44] Language Services Growth - Language services revenue grew 13% YoY in Q3, with strong client demand and high gross margins [46] - The business is expected to grow at double-digit rates with gross margins above 40% [47] Travel Nurse Demand and Pricing - Travel nurse demand has improved since April but remains below pre-pandemic levels [80] - Some clients are raising bill rates for hard-to-fill specialties, indicating potential market normalization [39][52] VMS and MSP Trends - VMS revenue declined in Q3 and is expected to decline further in Q4, reflecting broader market trends [54] - AMN has achieved a net win position in MSPs for 2024, driven by improved competitive positioning [54][78] International Nurse Business - The international nurse business, impacted by visa retrogression, is expected to taper off in Q2 2025 and resume growth by the end of 2025 [89][90] - A $100 million increase in international nurse revenue would improve consolidated adjusted EBITDA margin by 100 basis points [58] Labor Disruption and Seasonal Trends - Q4 guidance includes $45 million in non-recurring revenue from labor disruptions, which is not expected to recur in Q1 [36][65] - Seasonal orders, particularly winter orders, are expected to support Q1 2025 performance [86] Industry Consolidation and Competitive Landscape - Management expects industry consolidation driven by client demand for tech-enabled solutions and market fragmentation [84] - AMN is focused on acquiring capabilities that enhance its competitive positioning or scale opportunities [84]

AMN Healthcare Services, Inc. (AMN) delivered adjusted earnings per share (EPS) of 61 cents in the third quarter of 2024, which declined 69% year over year. However, the figure surpassed the Zacks Consensus Estimate by 5.2%.GAAP EPS for the quarter was 18 cents, indicating an 87.1% plunge from the year-ago figure.AMN’s Revenues in DetailAMN Healthcare registered revenues of $687.5 million in the third quarter, down 19.4% year over year. However, the figure surpassed the Zacks Consensus Estimate by 2.6%.Shar ...

For the quarter ended September 2024, AMN Healthcare Services (AMN) reported revenue of $687.51 million, down 19.4% over the same period last year. EPS came in at $0.61, compared to $1.97 in the year-ago quarter.The reported revenue represents a surprise of +2.60% over the Zacks Consensus Estimate of $670.08 million. With the consensus EPS estimate being $0.58, the EPS surprise was +5.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

AMN Healthcare Services (AMN) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.17%. A quarter ago, it was expected that this health care staffing company would post earnings of $0.75 per share when it actually produced earnings of $0.98, delivering a surprise of 30.67%.Over the last ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No.: 001-16753 AMN HEALTHCARE SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) Dela ...

EXHIBIT 99.1 AMN HEALTHCARE ANNOUNCES THIRD QUARTER 2024 RESULTS Quarterly revenue of $688 million; GAAP EPS of $0.18 and adjusted EPS of $0.61 DALLAS — AMN Healthcare Services, Inc. (NYSE: AMN), the leader and innovator in total talent solutions for healthcare organizations across the United States, today announced its third quarter 2024 financial results. Financial highlights are as follows: Dollars in millions, except per share amounts. | --- | --- | --- | --- | --- | |---------------------------|------- ...

Quarterly revenue of $688 million; GAAP EPS of $0.18 and adjusted EPS of $0.61 DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- AMN Healthcare Services, Inc. (NYSE: AMN), the leader and innovator in total talent solutions for healthcare organizations across the United States, today announced its third quarter 2024 financial results. Financial highlights are as follows: Dollars in millions, except per share amounts.  Q3 2024% Change Q3 2023YTD September 30, 2024% Change YTD September 30, 2023Revenue$687.5(19%)$2,24 ...

AMN Healthcare Services (AMN) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...