Cross Country Healthcare Announces Third Quarter 2023 Financial Results

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[{"type":"text","content":" BOCA RATON, Fla.--(BUSINESS WIRE)--\nCross Country Healthcare, Inc. (the \"Company\") (Nasdaq: CCRN) today announced financial results for its third quarter ended September 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\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\nQ3 2023 vs\n\n\n\n\n\n\nQ3 2023 vs\n\n\n\n\n\n\n\n\nDollars are in thousands, except per share amounts\n\n\n\n\n\n\nQ3 2023\n\n\n\n\n\n\nQ3 2022\n\n\n\n\n\n\nQ2 2023\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n442,291\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(30)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(18)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nGross profit margin*\n\n\n\n\n\n\n \n\n\n\n\n\n\n22.0\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(60)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n \n\n\n\n\n\n\n(80)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n\n\nNet income attributable to common stockholders\n\n\n\n\n\n\n$\n\n\n\n\n\n\n12,812\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(63)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(40)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nDiluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.36\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.57)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.24)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n27,248\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(57)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(39)\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\n6.2\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(380)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n \n\n\n\n\n\n\n(200)\n\n\n\n\n\n\nbps\n\n\n\n\n\n\n\n\nAdjusted EPS*\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.39\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.68)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.30)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nCash flows provided by operations\n\n\n\n\n\n\n$\n\n\n\n\n\n\n70,311\n\n\n\n\n\n\n \n\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\n\n\n\n\n\n(41)\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n* Amounts represent measures not calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are referred to as non-GAAP measures. Please refer to the accompanying discussion of how these non-GAAP financial measures are calculated and used under “Non-GAAP Financial Measures” and tables reconciling th...

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