Cross Country Healthcare, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:15 pm EDT
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Cross Country Healthcare, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was USD 12.81 million compared to USD 34.79 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.93 a year ago.
For the nine months, net income was USD 63.59 million compared to USD 149.67 million a year ago. Basic earnings per share from continuing operations was USD 1.8 compared to USD 4.02 a year ago. Diluted earnings per share from continuing operations was USD 1.78 compared to USD 3.97 a year ago.
Cross Country Healthcare, Inc. is a technology-enabled workforce solution and advisory company. It operates through two segments: Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and allied professionals, and healthcare leaders within nursing, allied, physician, and human resources; vendor neutral programs and managed service programs (MSP); education healthcare services; in-home care services; and outsourcing services. The Physician Staffing segment provides physicians in many specialties, as well as certified registered nurse anesthetists, nurse practitioners, and physician assistants as independent contractors on temporary assignments throughout the United States at various healthcare facilities, such as acute and non-acute care facilities, government facilities and managed care organizations.