Cross Country Healthcare Announces Fourth Quarter and Full Year 2019 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 fourth quarter and full year ended December 31, 2019.\n\n\nSELECTED FINANCIAL INFORMATION:\n\n\n\n\nDollars are in thousands, except per share amounts\n\n\n\nQ4 2019\n\n\n\nVariance\nQ4 2019 vs\nQ4 2018\n\n\n\nVariance\nQ4 2019 vs\nQ3 2019\n\n\n\nFull Year 2019\n\n\n\nVariance\n2019 vs\n2018\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n$\n\n\n\n215,096\n\n\n\n \n\n\n\n \n\n\n\n7\n\n\n\n \n\n\n\n%\n\n\n\n3\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n822,224\n\n\n\n \n\n\n\n \n\n\n\n1\n\n\n\n \n\n\n\n%\n\n\n\n\n\n\nGross profit margin*\n\n\n\n24.7\n\n\n\n%\n\n(50\n\n\n\n)\n\n\n\nbps\n\n\n\n30\n\n\n\n\nbps\n\n\n\n24.8\n\n\n\n%\n\n(90\n\n\n\n)\n\n\n\nbps\n\n\n\n\n\n\nNet loss attributable to common shareholders\n\n\n\n$\n\n\n\n(1,144\n\n\n\n)\n\n\n\n \n\n\n\n94\n\n\n\n \n\n\n\n%\n\n\n\n63\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n(57,713\n\n\n\n)\n\n\n\n \n\n\n\n(240\n\n\n\n)\n\n\n\n%\n\n\n\n\n\n\nDiluted EPS\n\n\n\n$\n\n\n\n(0.03\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n0.52\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.06\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(1.61\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(1.13\n\n\n\n)\n\n\n\n \n\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n$\n\n\n\n8,286\n\n\n\n \n\n\n\n \n\n\n\n35\n\n\n\n \n\n\n\n%\n\n\n\n14\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n25,468\n\n\n\n \n\n\n\n \n\n\n\n(19\n\n\n\n)\n\n\n\n%\n\n\n\n\n\n\nAdjusted EPS*\n\n\n\n$\n\n\n\n0.07\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.07\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.02\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.15\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.03\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nCash flows from operations\n\n\n\n$\n\n\n\n(5,351\n\n\n\n)\n\n\n\n \n\n\n\n(604\n\n\n\n)\n\n\n\n%\n\n\n\n62\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n5,542\n\n\n\n \n\n\n\n \n\n\n\n(74\n\n\n\n)\n\n\n\n%\n\n\n\n\n\n\n* Refer to accompanying tables and discussion of Non-GAAP financial measures below.\n\n\n“I am very proud of the progress we have made throughout 2019, and once again we met or exceeded guidance for revenue and profitability in the fourth quarter,” said Kevin Clark, President and Chief Executive Officer. He continued, “2019 was clearly a successful turnaround year for Cross Country, and with the investments we have made throughout the year taking hold, we enter 2020 in a much stronger position....

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