Amn Healthcare Stock Price, News & Analysis

AMN Healthcare Services reported Q4 2022 revenue of $1.13 billion, exceeding guidance by 4%. However, this reflects a 17% decrease year-over-year. GAAP EPS was $1.88, down 22% from Q4 2021. For the full year, revenue totaled $5.24 billion, a 32% increase, with adjusted diluted EPS rising 48% to $11.90. Operating cash flow for the year was $654 million, and the company ended with $65 million in cash and $850 million in debt. AMN expanded its revolving credit facility to $750 million, while the Board authorized an additional $500 million for stock repurchases. The outlook for Q1 2023 projects revenue to decline 27-29% year-over-year.

ShiftKey, a Dallas-based technology company focused on healthcare staffing, has expanded its leadership team by hiring four executives: Jeffrey Lawrence (CFO), Ryan Bonifacino (CMO), Thomas Fredell (CPO), and Brian Scott (CSO). Founded in 2016, ShiftKey connects licensed professionals with healthcare communities to address staffing shortages. Jeffrey Lawrence has extensive experience, including a successful IPO at FIGS and key roles at Domino's Pizza. Ryan Bonifacino was previously at FIGS, while Thomas Fredell and Brian Scott bring expertise in product development and healthcare solutions, respectively. This leadership expansion follows a recent round of capital funding.

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.

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.

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.

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.