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AMN Healthcare Services (AMN) Stock News, Aug 2022-Jan 2023

AMN NYSE

AMN Healthcare Services reports developments in healthcare workforce solutions and staffing services for healthcare organizations across the United States. Recurring updates cover quarterly results, earnings calls, revenue trends, gross margin, cash flow, debt, and outlook commentary across Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.

Company news also tracks travel nurse staffing, labor disruption staffing, allied staffing, international nurse placement, search, managed service provider activity, language services, workforce technology, and market demand from healthcare systems. AMN's common stock trades on the New York Stock Exchange under the symbol AMN.

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AMN Healthcare Services, Inc. (AMN) will host a conference call on February 16, 2023, at 5:00 p.m. Eastern Time to discuss its Q4 and full-year 2022 financial results, along with a forecast for Q1 2023. The earnings release will be issued at approximately 4:15 p.m. ET on the same day. Interested participants can access the call via telephone or a live webcast available on its investor relations website. Following the call, a replay of the webcast will also be accessible online. AMN Healthcare is a leader in total talent solutions for healthcare organizations across the U.S., focusing on workforce optimization to improve patient outcomes.

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AMN Healthcare Services reported its Q3 2022 financial results with a revenue of $1.139 billion, up 30% year-over-year. The company achieved a net income of $92 million, translating to a GAAP EPS of $2.10 and an adjusted EPS of $2.57. Despite strong performance, revenue was 20% lower than the previous quarter. The Nurse and Allied Solutions segment saw a 32% increase in revenue, while the Technology and Workforce Solutions segment grew by 35%. AMN anticipates revenue declines for Q4 2022, attributing it to lower bill rates.

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AMN Healthcare has appointed Cary Grace as the new president and chief executive officer, succeeding Susan Salka, who is retiring after 32 years with the company. Grace, formerly CEO at Aon, will take over on November 28, 2022, tasked with leading AMN’s growth and reinforcing its culture. The company generates over $4 billion in annual revenue and has an enterprise value of approximately $6 billion. Salka expressed confidence in Grace’s leadership as a catalyst for continued success and positive client impact.

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AMN Healthcare Services, Inc. (AMN) is set to announce its third quarter 2022 financial results on November 3, 2022, at 5:00 p.m. ET, following the release of earnings at approximately 4:15 p.m. ET. The conference call will provide insights into the company's financial performance and outlook for the fourth quarter. Investors can access a live webcast on the AMN Healthcare website or participate via telephone after registering. The replay of the call will also be available on the investor relations site after the event.

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International Esperanza Project (IEP) has appointed Steve Wehn as Chair of the Board of Directors. Wehn, Vice President of Government Relations with AMN Healthcare, succeeds Laura Wheat, the founding Chair. His leadership comes as IEP resumes humanitarian efforts in Guatemala post-COVID-19. The organization has made significant contributions, serving thousands by providing healthcare, education, and community resources. AMN Healthcare remains committed to diversity and effective talent solutions in the healthcare sector.

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AMN Healthcare Services reported a strong performance for Q2 2022, with revenue hitting $1.427 billion, a 66% increase year-over-year. GAAP EPS stood at $2.77, up 99%, while adjusted EPS rose 102% to $3.31. The company repurchased 1.9 million shares for $174 million and acquired Connetics USA, enhancing its international recruitment capabilities. Operating cash flow was robust at $224 million. Despite a sequential revenue decline of 8%, demand remains strong amidst workforce shortages, with optimistic guidance for Q3.

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FAQ

What is the current stock price of AMN Healthcare Services (AMN)?

AMN Healthcare Services (AMN) last closed at $40.

What is the market cap of AMN Healthcare Services (AMN)?

The market cap of AMN Healthcare Services (AMN) is approximately $1.5B.