Cross Country Healthcare Announces Second Quarter 2021 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 second quarter ended June 30, 2021.\n\nSELECTED FINANCIAL INFORMATION:\n\n\n\n \n\n\n\n\n \n\n\n\n\n\nVariance\n\n\n\n\n\nVariance\n\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\nQ2 2021 vs\n\n\n\n\n\nQ2 2021 vs\n\n\n\n\n\nDollars are in thousands, except per share amounts\n\n\n\n\nQ2 2021\n\n\n\n\n\nQ2 2020\n\n\n\n\n\nQ1 2021\n\n\n\n\n\nRevenue\n\n\n\n\n$\n\n\n\n331,827\n\n\n\n \n\n\n\n\n\n \n\n\n\n53\n\n\n\n%\n\n\n\n\n\n \n\n\n\n1\n\n\n\n%\n\n\n\n\n\nGross profit margin*\n\n\n\n\n \n\n\n\n21.9\n\n\n\n%\n\n\n\n\n\n \n\n\n\n(150\n\n\n\n) bps\n\n\n\n\n\n \n\n\n\n20\n\n\n\nbps\n\n\n\n\n\nNet income attributable to common shareholders\n\n\n\n\n$\n\n\n\n11,548\n\n\n\n \n\n\n\n\n\n \n\n\n\n182\n\n\n\n%\n\n\n\n\n\n \n\n\n\n(41\n\n\n\n)%\n\n\n\n\n\nDiluted EPS\n\n\n\n\n$\n\n\n\n0.31\n\n\n\n \n\n\n\n\n\n$\n\n\n\n0.70\n\n\n\n \n\n\n\n\n\n$\n\n\n\n(0.22\n\n\n\n)\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n\n$\n\n\n\n24,260\n\n\n\n \n\n\n\n\n\n \n\n\n\n109\n\n\n\n%\n\n\n\n\n\n \n\n\n\n(9\n\n\n\n)%\n\n\n\n\n\nAdjusted EBITDA margin*\n\n\n\n\n \n\n\n\n7.3\n\n\n\n%\n\n\n\n\n\n \n\n\n\n190\n\n\n\nbps\n\n\n\n\n\n \n\n\n\n(80\n\n\n\n) bps\n\n\n\n\n\nAdjusted EPS*\n\n\n\n\n$\n\n\n\n0.47\n\n\n\n \n\n\n\n\n\n$\n\n\n\n0.31\n\n\n\n \n\n\n\n\n\n$\n\n\n\n(0.11\n\n\n\n)\n\n\n\n\n\nCash flows provided by operations\n\n\n\n\n$\n\n\n\n15,505\n\n\n\n \n\n\n\n\n\n \n\n\n\n(6\n\n\n\n)%\n\n\n\n\n\n \n\n\n\n162\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\n“We are pleased to once again exceed our expectations on the strength of our ability to attract and place professionals.” said Kevin C. Clark, Co-Founder and Chief Executive Officer. He continued, “We continue to partner with our clients to solve complex labor challenges against a backdrop of near record demand and an exceptionally tight labor market which is driving higher compensation costs in most healthcare specialties. As we enter the second half of 2021, we are well positioned to continue expanding our base of clinicians on assignment and our market share, as we further digitally transform the company and invest in incremental resources.”\n\nSecond quarter consolidated reve...

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