AMN Healthcare Services Inc
NYSE:AMN
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AMN Healthcare Services Inc
AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. The company is headquartered in Dallas, Texas and currently employs 3,800 full-time employees. The company went IPO on 2001-11-13. The firm operates through three segments: nurse and allied solutions; physician and leadership solutions, and technology and workforce solutions. The nurse and allied solutions segment includes its travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions businesses. The physician and leadership solutions segment includes its locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement businesses. The technology and workforce solutions segment includes its language interpretation services, vendor management systems, credentialing, and flex pool management businesses. Its Clients include acute-care hospitals, community health centers, and clinics.
AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. The company is headquartered in Dallas, Texas and currently employs 3,800 full-time employees. The company went IPO on 2001-11-13. The firm operates through three segments: nurse and allied solutions; physician and leadership solutions, and technology and workforce solutions. The nurse and allied solutions segment includes its travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions businesses. The physician and leadership solutions segment includes its locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement businesses. The technology and workforce solutions segment includes its language interpretation services, vendor management systems, credentialing, and flex pool management businesses. Its Clients include acute-care hospitals, community health centers, and clinics.
Revenue Beat: Q3 revenue was $634 million, $9 million above the high end of guidance, with all three business segments beating consensus revenue estimates.
Margins: Gross margin for Q3 was 29.1%, near the high end of guidance, but declined 190 basis points year-over-year due to mix shift and competitive pressures.
Improved Demand: Staffing demand rebounded moderately in Q3, especially for Travel Nurse and winter orders, with volume up 50% from its May low point.
Labor Disruption Impact: Labor Disruption revenue provided a meaningful boost in Q3 and is expected to be about $100 million in Q4.
Q4 Guidance: Q4 revenue projected between $715 million and $730 million, gross margin expected between 25.5% and 26%, with lower profitability due to Labor Disruption mix.
Cost Controls: SG&A expenses were better than expected, helping profitability despite revenue and margin pressures.
Financial Strengthening: The company reduced its revolving credit balance to zero, completed a debt refinancing, and extended earliest debt maturities to 2029.
Positive Outlook: Management anticipates margin stability and growth in higher-margin segments like International Nurse and VMS as 2026 approaches.
