Revenue and EBITDA Exceed Expectations
Second quarter revenue of $658 million was at the upper end of guidance. Adjusted EBITDA of $58 million and gross margin of 29.8% exceeded the high end of guidance.
Debt Reduction Achieved
The company repaid $80 million during the quarter, reducing the revolving line of credit balance down to $70 million, with expectations for further debt reduction.
AMN Passport Success
The AMN Passport app surpassed 300,000 registered users, significantly improving efficiency and user engagement. More than 20% of Nurse and Allied placements are now assisted by Passport automation.
Positive Client Reaction to AI-Enabled Technology
AMN's AI-enabled event management technology received positive client feedback, improving the ability to scale and support more clients.
Improved Booking Trends in July
Key metrics across most businesses improved in July, with a rebound in traveler extension rates and increased orders in the Allied segment.