Cross Country Healthcare Announces Fourth Quarter and Full Year 2020 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, 2020.\n\n\n\nSELECTED FINANCIAL INFORMATION:\n\n\n\n\n\n\n\n\n\n\n \n\n\n\nDollars are in thousands, except per share amounts\n\n\n\nQ4 2020\n\n\n\nVariance\nQ4 2020 vs\nQ4 2019\n\n\n\nVariance\nQ4 2020 vs\nQ3 2020\n\n\n\nFull Year 2020\n\n\n\nVariance\n2020 vs\n2019\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n$\n\n\n\n215,606\n\n\n\n \n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n%\n\n\n\n11\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n836,417\n\n\n\n \n\n\n\n \n\n\n\n2\n\n\n\n \n\n\n\n%\n\n\n\n\n\n\nGross profit margin*\n\n\n\n25.2\n\n\n\n \n\n\n\n%\n\n\n\n50\n\n\n\n \n\n\n\nbps\n\n\n\n50\n\n\n\n \n\n\n\nbps\n\n\n\n24.2\n\n\n\n \n\n\n\n%\n\n\n\n(60\n\n\n\n)\n\n\n\nbps\n\n\n\n\n\n\nNet income (loss) attributable to common shareholders\n\n\n\n$\n\n\n\n4,612\n\n\n\n \n\n\n\n \n\n\n\n503\n\n\n\n \n\n\n\n%\n\n\n\n446\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n(12,962\n\n\n\n)\n\n\n\n \n\n\n\n78\n\n\n\n \n\n\n\n%\n\n\n\n\n\n\nDiluted EPS\n\n\n\n$\n\n\n\n0.13\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.16\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.17\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(0.36\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n1.25\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n$\n\n\n\n11,500\n\n\n\n \n\n\n\n \n\n\n\n39\n\n\n\n \n\n\n\n%\n\n\n\n34\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n36,322\n\n\n\n \n\n\n\n \n\n\n\n43\n\n\n\n \n\n\n\n%\n\n\n\n\n\n\nAdjusted EPS*\n\n\n\n$\n\n\n\n0.19\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.12\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.07\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.46\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.31\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nCash flows from operations\n\n\n\n$\n\n\n\n1,929\n\n\n\n \n\n\n\n \n\n\n\n136\n\n\n\n \n\n\n\n%\n\n\n\n123\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n27,204\n\n\n\n \n\n\n\n \n\n\n\n391\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\n\n \n\n\n\n* Refer to accompanying tables and discussion of Non-GAAP financial measures below.\n\n\n\n\n\"Our performance in the fourth quarter once again demonstrates our ability to deliver the critical staff and support needed by our clients. We continue to see significantly higher demand from COVID, driving increases in both the number of clinicians on assignments as well as higher bill rates for th...

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