Cross Country Healthcare Announces First Quarter 2024 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, 2024.\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\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\nQ1 2024 vs\n\n\n\n\n\n\nQ1 2024 vs\n\n\n\n\n\n\n\n\nDollars are in thousands, except per share amounts\n\n\n\n\n\n\nQ1 2024\n\n\n\n\n\n\nQ1 2023\n\n\n\n\n\n\nQ4 2023\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n379,174\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(39)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(8)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nGross profit margin*\n\n\n\n\n\n\n \n\n\n\n\n\n\n20.4\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(200)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n \n\n\n\n\n\n\n(150)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n\n\nNet income attributable to common stockholders\n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,692\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(91)\n\n\n\n\n\n\n%\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\n\n\nDiluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.08\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.73)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.18)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n15,282\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(71)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(26)\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\n4.0\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(440)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n \n\n\n\n\n\n\n(100)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n\n\nAdjusted EPS*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.19\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.65)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.10)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nCash flows provided by operations\n\n\n\n\n\n\n$\n\n\n\n\n\n\n6,011\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(87)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(50)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n* Represents amounts that are not calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are referred to as non-GAAP measures. Please refer to the accompanying discussion below of how these non-GAAP financial measures are calculated and used under “Non-GAAP Financial Measures” and tables reconciling th...

More updates from Cross Country Healthcare, Inc.