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AMN Healthcare Announces Fourth Quarter and Full Year 2024 Results
AMNAMN Healthcare Services(AMN) GlobeNewswire·2025-02-20 21:15

Core Insights - AMN Healthcare Services, Inc. reported a consolidated revenue of 735millionforQ42024,reflectinga10735 million for Q4 2024, reflecting a 10% decrease year-over-year and a 7% increase sequentially [3][6] - The company experienced a net loss of 188 million, or 4.90perdilutedshare,primarilyduetoa4.90 per diluted share, primarily due to a 222 million non-cash goodwill impairment [6][13] - Adjusted diluted EPS was 0.75,down430.75, down 43% from the previous year [3][6] Financial Performance - Q4 2024 revenue was 734.7 million, down 10% from Q4 2023, while full-year revenue totaled 2.984billion,a212.984 billion, a 21% decrease from the prior year [3][15] - Gross profit for Q4 was 219 million, a 16% decline year-over-year, with a gross margin of 29.8% [3][11] - Full-year net loss was 147million,or147 million, or 3.85 per diluted share, compared to a net income of 211million,or211 million, or 5.36 per diluted share, in 2023 [15] Segment Performance - The Nurse and Allied Solutions segment generated 455millioninrevenue,down15455 million in revenue, down 15% year-over-year but up 14% sequentially [7] - The Physician and Leadership Solutions segment reported 173 million in revenue, a 3% increase year-over-year [9] - Technology and Workforce Solutions segment revenue was 107million,reflectinga5107 million, reflecting a 5% decrease year-over-year [10] Operational Highlights - Cash flow from operations was 73 million for Q4 and 320millionforthefullyear[8][19]−Thecompanyreduceditsdebtby320 million for the full year [8][19] - The company reduced its debt by 75 million in Q4, totaling 250millionfortheyear[8]−AMNsuccessfullyonboardednearlyallShiftWiseclientstotheShiftWiseFlexVMSplatformaheadofschedule[8]GuidanceandOutlook−ForQ12025,consolidatedrevenueisprojectedtobebetween250 million for the year [8] - AMN successfully onboarded nearly all ShiftWise clients to the ShiftWise Flex VMS platform ahead of schedule [8] Guidance and Outlook - For Q1 2025, consolidated revenue is projected to be between 660 million and $680 million, representing a 17-20% decrease from the prior year [21][22] - The Nurse and Allied Solutions segment is expected to see revenue decline by 22-25% year-over-year [22] - The company anticipates a gross margin of 28.1% to 28.6% for Q1 2025 [21]