NYSE$AMN

AMN Healthcare Services Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

AMN Healthcare's Q1 2022 performance was marked by record revenue and EPS, driven by strong demand and strategic solutions.

AMN Healthcare announced record first quarter 2022 results with revenue of $1.553 billion, a 75% increase over the prior year. GAAP EPS was $3.09, and adjusted EPS was $3.49. The company experienced strong demand across its nursing, allied, locum tenens, and other businesses.

  • Consolidated revenue for the quarter was $1.553 billion, a 75% increase over the prior year.
  • Net income was $146 million, or $3.09 per diluted share, compared to $70 million, or $1.47 per diluted share, in the first quarter of 2021.
  • Adjusted diluted EPS in the first quarter was $3.49 compared with $1.70 in the same quarter of the prior year.
  • Revenue for the Nurse and Allied Solutions segment was $1.228 billion, up 87% year over year.

Headline financials

Total Revenue

$1.55B

Previous: $886M+75.2%
EPS (adj)

$3.49

Previous: $1.70+105.3%
Capital Expenditures

-$13.6M

Previous: -$11.6M-17.1%
Free Cash Flow

$132M

Previous: $58.8M+125.3%
Net Income

$146M

Previous: $70.4M+107.5%
Operating Income

$208M

Previous: $104M+99.2%
Gross Profit

$496M

Previous: $289M+71.8%
Cash & Equivalents

$113M

Previous: $78.3M+44.9%
Total Assets

$3.25B

Previous: $2.64B+22.9%
Stock-Based Comp

$11.3M

Previous: $9.29M+21.2%

Revenue & EPS history

AMN Healthcare · Revenue · Quarterly

$1.55B

Q1 2022+75.2%vs Q1 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

AMN Healthcare · $1.55B total across 3 segments · Q1 2022

  • Nurse & Allied Solutions
    $1.23B+86.9%
  • Physician & Leadership
    $180M+27.7%
  • Technology & Workforce
    $145M+62.9%

Forward guidance

The company expects revenue in the second quarter of 2022 to be 56-61% higher than the prior year.

Tailwinds

  • Revenue in the second quarter of 2022 is expected to be 56-61% higher than prior year.
  • Revenue guidance includes $65-70 million from labor disruption activities.
  • Excluding labor disruption, Nurse and Allied Solutions segment revenue is expected to grow 57-60% year over year.
  • For the Physician and Leadership Solutions segment, revenue is expected to be approximately 20% higher than prior year.
  • Technology and Workforce Solutions segment revenue is expected to grow by approximately 45% compared with the year-ago period.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.0%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-0.6%

Avg return

30 days after

52%

34 / 66 earnings

Positive

+29.2%

Q1 2026

Best reaction

-29.5%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+29.2%+38.5%+41.5%
Q4 2025+11.4%+15.8%+4.2%
Q3 2025-3.4%-10.0%-11.8%
Q2 2025+2.3%+10.2%+23.2%
Q1 2025+8.2%+7.1%+3.8%
Q4 2024+6.7%+0.5%-6.8%
Q3 2024-29.5%-36.7%-36.2%
Q2 2024-3.1%-11.9%-24.0%
Q1 2024-9.3%+3.4%-10.1%
Q4 2023-20.9%-25.5%-24.7%
Q3 2023-12.2%-17.7%-9.5%
Q2 2023-16.4%-16.6%-18.6%
Q1 2023+7.7%+10.3%+18.0%
Q4 2022-4.0%-2.3%-13.4%
Q3 2022-7.5%-0.4%+1.7%
Q2 2022+1.8%-1.7%-12.7%
Q1 2022-8.2%-10.6%-1.3%
Q4 2021+8.8%+5.3%+10.4%
Q3 2021-8.2%-1.4%+3.7%
Q2 2021+5.4%+3.8%+15.4%
Q1 2021+7.6%+10.3%+11.0%
Q4 2020+4.1%-0.7%+1.4%
Q3 2020-5.8%-7.0%-1.9%
Q2 2020+4.8%-4.5%-1.7%
Q1 2020-9.3%-12.1%+13.0%
Q4 2019+9.6%+5.6%+4.0%
Q3 2019-0.5%+2.1%+0.8%
Q2 2019+7.7%+11.4%+15.5%
Q1 2019+1.9%-0.4%-6.0%
Q4 2018-12.5%-14.7%-26.7%
Q3 2018+13.3%+11.6%+23.9%
Q2 2018-15.2%-10.4%-5.4%
Q1 2018-21.9%-21.6%-14.6%
Q4 2017+4.8%+4.8%+10.9%
Q3 2017-3.6%-1.6%+16.3%
Q2 2017+1.1%+6.9%+4.4%
Q1 2017-6.8%-6.2%-9.0%
Q4 2016+4.0%+7.9%+10.3%
Q3 2016-1.6%-2.7%-7.8%
Q2 2016-11.9%-13.8%-13.5%
Q1 2016+1.0%
Q4 2015+1.8%
Q3 2015+5.9%
Q2 2015+0.1%
Q1 2015-1.4%
Q4 2014+2.0%
Q3 2014-1.7%
Q2 2014+5.7%
Q1 2014+3.8%
Q4 2013+1.4%
Q4 2012+13.4%
Q3 2013+13.4%
Q2 2013+6.1%
Q1 2013-1.3%
Q3 2012+4.0%
Q2 2012+5.5%
Q1 2011+19.4%
Q1 2012+6.1%
Q4 2011-2.0%
Q4 2009-2.0%
Q3 2011-3.7%
Q3 2010-3.7%
Q4 2010-1.4%
Q2 2010-1.4%
Q2 2011-1.4%
Q1 2010-0.1%

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