Cross Ctry Healthcare Inc - CCRN STOCK NEWS

Cross Country Healthcare (CCRN) reported Q2 2024 financial results with revenue of $339.8 million, down 37% year-over-year and 10% sequentially. The company posted a net loss of $16.1 million or $0.47 per diluted share. Adjusted EBITDA was $14.2 million, or 4.2% of revenue. Despite challenges in core nurse and allied staffing, Physician Staffing and Homecare Staffing saw growth. Cash flow from operations was strong at $82.4 million, driven by robust collections. The company maintains a solid balance sheet with $70 million in cash and no debt. For Q3 2024, CCRN expects revenue between $305-$315 million and Adjusted EBITDA of $10-$13 million.

Cross Country Healthcare (Nasdaq: CCRN) will host its Q2 2024 earnings conference call on Wednesday, July 31, 2024, at 5:00 PM ET. The company will release its financial results after market close the same day. Interested parties can access the live webcast on the company's website or by phone using the provided dial-in numbers. A replay of the webcast will be available on the website until August 14, 2024, and the conference call replay will be accessible by phone with the specified passcode.

Cross Country Healthcare (Nasdaq: CCRN) announced its scheduled participation in the Citizens JMP Medical Devices and Healthcare Services Forum on June 20, 2024, at the Boston Harbor Hotel. The company's President & CEO, John Martins, and VP of Investor Relations, Josh Vogel, will engage in one-on-one investor meetings. There will be no formal presentation during the event.

Cross Country Healthcare's Chief Human Resource Officer, Colin McDonald, has been honored on the SIA’s 2024 DE&I Influencer List. This recognition celebrates leaders promoting diversity, equity, and inclusion within the workforce solutions sector. McDonald has been celebrated for his dedication to creating an inclusive workspace through initiatives like employee-led councils and diversity training programs. His influence extends beyond Cross Country as he advocates for diversity goals and advanced recruitment strategies in the broader business community. McDonald has also received multiple accolades, including being named one of the top talent acquisition leaders globally.

Cross Country Healthcare (Nasdaq: CCRN) will participate in two upcoming conferences: the William Blair 44th Annual Growth Stock Conference and the Jefferies Global Healthcare Conference.

The William Blair conference will be held in Chicago from June 4-6, 2024. John Martins, CEO, and Josh Vogel, VP of Investor Relations, will attend one-on-one investor meetings on June 4, with a formal presentation scheduled the same day from 11:20 a.m. to 11:50 a.m. CT. An audio webcast will be available on the company's website.

The Jefferies Global Healthcare Conference will take place in New York City on June 5-6, 2024. William J. Burns, CFO, and Josh Vogel will participate in one-on-one investor meetings on June 6, and a fireside chat from 11:30 a.m. to 11:55 a.m. ET. A video webcast will also be available on the company's website.

Cross Country Healthcare, Inc. (Nasdaq: CCRN) will attend Benchmark's Healthcare House Call Virtual One-on-One Investor Conference on May 21-22, 2024. William J. Burns, Executive Vice President & Chief Financial Officer, and Josh Vogel, Vice President, Investor Relations, will participate in virtual one-on-one investor meetings on Wednesday, May 22, 2024.

Cross Country Healthcare, Inc. (CCRN) announced Q1 2024 financial results, with revenue at $379.2 million, down 39% YoY and 8% sequentially. Gross profit margin was 20.4%, net income at $2.7 million, with diluted EPS at $0.08. Adjusted EBITDA was $15.3 million. Nurse and Allied Staffing revenue decreased 43% YoY, while Physician Staffing revenue increased 16% YoY. The company repurchased 0.3 million shares for $6.4 million.

Cross Country Healthcare, Inc. (NASDAQ: CCRN) and Florida Atlantic University's Christine E. Lynn College of Nursing released the fourth annual Future of Nursing survey. Titled 'Embracing Technology While Preserving Humanity,' the study highlights the complex relationship between advanced healthcare tech and compassionate care. Survey findings reflect nurses' mixed feelings on AI integration, with concerns about empathy, job displacement, data security, and regulatory challenges.

Susan E. Ball, EVP, Chief Administrative Officer, General Counsel, and Corporate Secretary of Cross Country Healthcare, has been recognized on the 2024 OnCon Icon Awards list as one of the top 50 corporate counsels in the world. Ball's recognition highlights her significant impact on the organization, thought leadership, innovation, and exceptional leadership qualities. She has been instrumental in driving excellence, promoting shareholder value, and supporting the company's vision and strategic imperatives. Ball's previous accolades include being named in the Staffing Industry Analysts' Global Power 150 - Women in Staffing in 2022 and 2018.