Cross Country Healthcare Announces Second Quarter 2023 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, 2023.\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\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\n\nQ2 2023 vs\n\n\n\n\n\n\nQ2 2023 vs\n\n\n\n\n\n\n\n\nDollars are in thousands, except per share amounts\n\n\n\n\n\n\nQ2 2023\n\n\n\n\n\n\nQ2 2022\n\n\n\n\n\n\nQ1 2023\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n540,695\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(28\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(13\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nGross profit margin*\n\n\n\n\n\n\n \n\n\n\n\n\n\n22.8\n\n\n\n\n\n \n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n20\n\n\n\n\n\n\n \n\n\n\n\n\n\nbps\n\n\n\n\n\n\n \n\n\n\n\n\n\n40\n\n\n\n\n\n\n \n\n\n\n\n\n\nbps\n\n\n\n\n\n\n\n\nNet income attributable to common stockholders\n\n\n\n\n\n\n$\n\n\n\n\n\n\n21,345\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(60\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(27\n\n\n\n\n\n\n)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nDiluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.60\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.80\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.21\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n44,440\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(47\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(15\n\n\n\n\n\n\n)\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\n8.2\n\n\n\n\n\n \n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(290\n\n\n\n\n\n\n)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n \n\n\n\n\n\n\n(20\n\n\n\n\n\n\n)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n\n\nAdjusted EPS*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.69\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.71\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.15\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\n\nCash flows provided by operations\n\n\n\n\n\n\n$\n\n\n\n\n\n\n119,248\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n557\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\n154\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 (Generally Accepted Accounting Principles) financial measures below.\n\n\n...

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