Cross Country Healthcare Announces First Quarter 2023 Financial Results

About this update from Cross Country Healthcare, Inc.

[{"type":"text","content":" BOCA RATON, Fla.--(BUSINESS WIRE)--\nCross Country Healthcare, Inc. (the \"Company\") (Nasdaq: CCRN) today announced financial results for its first quarter ended March 31, 2023.\n\n\nSELECTED FINANCIAL INFORMATION:\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n \n\n \n\n\n\n\n\n\nVariance\n\n\n\n\n\n\nVariance\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n \n\n \n\n\n\n\n\n\nQ1 2023 vs\n\n\n\n\n\n\nQ1 2023 vs\n\n\n\n\n\n\n\n\nDollars are in thousands, except per share amounts\n\n\n\n\n\n\nQ1 2023\n\n\n\n\n\n\nQ1 2022\n\n\n\n\n\n\nQ4 2022\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n622,707\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(21\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(1\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nGross profit margin*\n\n\n\n\n\n\n \n\n\n\n\n\n\n22.4\n\n\n\n\n\n \n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n20\n\n\n\n\n\n\n \n\n\n\n\n\n\nbps\n\n\n\n\n\n\n \n\n\n\n\n\n\n30\n\n\n\n\n\n\n \n\n\n\n\n\n\nbps\n\n\n\n\n\n\n\n\nNet income attributable to common stockholders\n\n\n\n\n\n\n$\n\n\n\n\n\n\n29,436\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(53\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(24\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nDiluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.81\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.82\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.24\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n52,141\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(46\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(9\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nAdjusted EBITDA margin*\n\n\n\n\n\n\n \n\n\n\n\n\n\n8.4\n\n\n\n\n\n \n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(390\n\n\n\n\n\n\n)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n \n\n\n\n\n\n\n(70\n\n\n\n\n\n\n)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n\n\nAdjusted EPS*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.84\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.86\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.25\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nCash flows provided by operations\n\n\n\n\n\n\n$\n\n\n\n\n\n\n46,865\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n261\n\n\n\n\n\n\n \n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n985\n\n\n\n\n\n\n \n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n* Refer to accompanying tables and discussion of non-GAAP (Generally Accepted Accou...

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