Cross Country Healthcare Announces Fourth Quarter and Full Year 2022 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, 2022.\n\nSELECTED FINANCIAL INFORMATION:\n\n\n\nDollars are in thousands, except per share amounts\n\n\n\nQ4 2022\n\n\n\nVariance\nQ4 2022 vs\nQ4 2021\n\n\n\nVariance\nQ4 2022 vs\nQ3 2022\n\n\n\nFull Year 2022\n\n\n\nVariance\n2022 vs\n2021\n\n\n\n\n\nRevenue\n\n\n\n$\n\n\n\n628,218\n\n\n\n\n \n\n\n\n \n\n\n\n(2\n\n\n\n)\n\n\n\n%\n\n\n\n \n\n\n\n(1\n\n\n\n)\n\n\n\n%\n\n\n\n$\n\n\n\n2,806,609\n\n\n\n\n \n\n\n\n \n\n\n\n67\n\n\n\n\n%\n\n\n\n\n\nGross profit margin*\n\n\n\n \n\n\n\n22.1\n\n\n\n\n%\n\n\n\n \n\n\n\n(90\n\n\n\n)\n\n\n\nbps\n\n\n\n \n\n\n\n(50\n\n\n\n)\n\n\n\nbps\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\nbps\n\n\n\n\n\nNet income attributable to common stockholders\n\n\n\n$\n\n\n\n38,791\n\n\n\n\n \n\n\n\n \n\n\n\n(50\n\n\n\n)\n\n\n\n%\n\n\n\n \n\n\n\n11\n\n\n\n \n\n\n\n%\n\n\n\n$\n\n\n\n188,461\n\n\n\n\n \n\n\n\n \n\n\n\n43\n\n\n\n\n%\n\n\n\n\n\nDiluted EPS\n\n\n\n$\n\n\n\n1.05\n\n\n\n\n \n\n\n\n$\n\n\n\n(1.02\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\n5.02\n\n\n\n\n \n\n\n\n$\n\n\n\n1.49\n\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n$\n\n\n\n57,026\n\n\n\n\n \n\n\n\n \n\n\n\n(30\n\n\n\n)\n\n\n\n%\n\n\n\n \n\n\n\n(11\n\n\n\n)\n\n\n\n%\n\n\n\n$\n\n\n\n301,716\n\n\n\n\n \n\n\n\n \n\n\n\n86\n\n\n\n\n%\n\n\n\n\n\nAdjusted EBITDA margin*\n\n\n\n \n\n\n\n9.1\n\n\n\n\n%\n\n\n\n \n\n\n\n(350\n\n\n\n)\n\n\n\nbps\n\n\n\n \n\n\n\n(90\n\n\n\n)\n\n\n\nbps\n\n\n\n \n\n\n\n10.8\n\n\n\n\n%\n\n\n\n \n\n\n\n110\n\n\n\n\nbps\n\n\n\n\n\nAdjusted EPS*\n\n\n\n$\n\n\n\n1.09\n\n\n\n\n \n\n\n\n$\n\n\n\n(0.31\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n0.02\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n5.27\n\n\n\n\n \n\n\n\n$\n\n\n\n2.21\n\n\n\n\n \n\n\n\n\n\nCash flows from operations\n\n\n\n$\n\n\n\n4,320\n\n\n\n\n \n\n\n\n \n\n\n\n106\n\n\n\n \n\n\n\n%\n\n\n\n \n\n\n\n(97\n\n\n\n)\n\n\n\n%\n\n\n\n$\n\n\n\n134,050\n\n\n\n\n\n \n\n\n\n257\n\n\n\n\n%\n\n\n\n\n\n* Refer to accompanying tables and discussion of non-GAAP (Generally Accepted Accounting Principles) financial measures below.\n\n\n\n\nBusiness Highlights\n\n\nDouble-digit year-over-year annual revenue growth across all segments\n\n\nLaunched our proprietary vendor manag...

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