AMN Healthcare sees Q4 revenue $715M-$730M, consensus $621.33M

Q4 revenue is expected to be 1%-3% lower than the prior year and up 13%-15% sequentially. Nurse and Allied Solutions segment revenue is expected to be up 1%-3% year over year. Physician and Leadership Solutions segment revenue is expected to be down 2%-4% year over year. Technology and Workforce Solutions segment revenue is projected to be down 14%-16% year over year. Labor disruption revenue assumed in guidance is approximately $100M, compared with $62M in the prior-year quarter, with approximately $5M of incremental SG&A expenses associated with supporting labor disruption events. Gross margin in Q4 is lower by approximately 100 basis points due to a lower margin on labor disruption revenue. Sees Q4 gross margin of 25.5%-26%. Sees Q4 adjusted EBITDA margin of 6.8%-7.3%