Strong Financial Performance
Second quarter revenue of $658 million was at the upper end of guidance, with adjusted EBITDA of $58 million and a gross margin of 29.8% exceeding the high end of guidance.
Debt Reduction
The balance on the revolving line of credit was reduced to $70 million after repaying $80 million during the quarter.
Stabilization in Key Metrics
July saw improvements in key metrics across most businesses, with a rebound in traveler extension rates and stable orders in the Nurse and Allied segment.
Growth in Allied Schools Business
Expectations for double-digit volume growth in Q4, driven by strong bookings and innovative solutions like the Televate platform.
International Nurse Staffing Growth
Positioned for sequential growth in Q4, with outsized growth opportunities expected over the next 2-3 years.
Positive Client Reaction to AI-enabled Technology
AI-enabled event management technology has received positive client feedback, enabling scalability and more efficient client support.
AMN Passport Success
The AMN Passport app surpassed 300,000 registered users, enhancing efficiency and user engagement with 20% of Nurse and Allied placements assisted by Passport automation.
Smart Square Sale
Completed the sale of Smart Square scheduling software for $75 million, freeing up resources for other strategic initiatives.