AMN Healthcare ( (AMN) ) has released its Q3 earnings. Here is a breakdown of the information AMN Healthcare presented to its investors.
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AMN Healthcare Services, Inc., a prominent provider of innovative talent solutions for healthcare organizations across the United States, has released its financial results for the third quarter of 2024, showcasing its position as a leader in the healthcare staffing industry.
The company reported quarterly revenue of $688 million, with GAAP EPS at $0.18 and adjusted EPS at $0.61, reflecting a challenging year-over-year performance. Despite a 19% decline in revenue from the previous year, AMN Healthcare exceeded expectations, buoyed by strong core results and discrete beneficial items.
Key financial metrics include a gross profit of $213.1 million, a net income of $7.0 million, and an adjusted EBITDA of $73.9 million. Strategic highlights underscore advancements in market growth strategies, with notable improvements in sales pipelines and client adoption of tech-enabled solutions. The reduction of $60 million in debt during the quarter further strengthens the company’s financial standing.
Looking ahead, AMN Healthcare anticipates fourth-quarter revenue to range between $685 million and $705 million. The company’s management remains focused on enhancing its comprehensive talent solutions while navigating competitive market dynamics to sustain its leadership in the healthcare services sector.
