NYSE$AMN

AMN Healthcare Services Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

AMN Healthcare's Q2 2022 revenue and earnings surpassed expectations due to robust demand and strong market performance.

AMN Healthcare announced strong second quarter 2022 results with revenue of $1.427 billion, a 66% increase over the prior year. GAAP EPS was $2.77, and adjusted EPS was $3.31. The company's performance was driven by robust demand and strong market conditions.

  • Consolidated revenue for the quarter was $1.427 billion, a 66% increase over prior year.
  • Net income was $124 million, or $2.77 per diluted share, compared to $67 million, or $1.39 per diluted share, in Q2 2021.
  • Adjusted diluted EPS in the second quarter was $3.31 compared with $1.64 in the same quarter of the prior year.
  • The company acquired Connetics USA in mid-May, contributing $2 million to the revenue.

Headline financials

Total Revenue

$1.43B

Previous: $857M+66.4%
EPS (adj)

$3.31

Previous: $1.64+101.8%
Capital Expenditures

-$30.8M

Previous: -$23.1M-33.6%
Free Cash Flow

$93M

Previous: $114M-18.5%
Net Income

$124M

Previous: $137M-9.7%
Operating Income

$184M

Previous: $99.2M+85.1%
Gross Profit

$460M

Previous: $281M+64.1%
Cash & Equivalents

$79.4M

Previous: $139M-43.1%
Total Assets

$3.01B

Previous: $2.63B+14.3%
Stock-Based Comp

$8.51M

Previous: $6.02M+41.4%

Revenue & EPS history

AMN Healthcare · Revenue · Quarterly

$1.43B

Q2 2022+66.4%vs Q2 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

AMN Healthcare · $1.43B total across 3 segments · Q2 2022

  • Nurse & Allied Solutions
    $1.1B+76.3%
  • Physician & Leadership
    $176M+26.5%
  • Technology & Workforce
    $149M+58.8%

Forward guidance

Revenue in the third quarter of 2022 is expected to be 23-26% higher than prior year and 22-24% lower sequentially.

Tailwinds

  • Nurse and Allied Solutions segment revenue is expected to grow 24-28% year over year, which includes $7 million from labor disruption activities.
  • For the Physician and Leadership Solutions segment, revenue is expected to be approximately 15% higher than prior year.
  • Technology and Workforce Solutions segment revenue is expected to grow by approximately 30% year over year.

Headwinds

  • The quarter-over-quarter decline is due primarily to the anticipated travel nurse and VMS bill rate reductions, which have come down slightly less than our prior expectations.

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 Q2 2022

Historical avgQ2 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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