AMN Healthcare Services Inc., a San Diego-based staffing company, announced quarterly revenue of $265 million for the third quarter of this year.
Third-quarter revenue for the Nurse and Allied Healthcare Staffing segment was $174 million, up 2 percent from the same quarter last year. Locum Tenens Staffing segment revenue in the third quarter was $79 million, an increase of 5 percent from the same quarter last year. Third-quarter Physician Permanent Placement Services segment revenue was $11 million, an increase of 5 percent from the same quarter last year.
Third-quarter net income was $8 million and net income per diluted share was $0.18, down 1 percent from the same quarter in 2013.
As of Sept. 30, 2014, cash and cash equivalents totaled $10 million. Third-quarter cash flow provided by operations was $15 million and capital expenditures were $4 million.
AMN said in a press release that it expects consolidated fourth quarter 2014 revenue of $265 million to $269 million. Gross margin is expected to be seasonally lower at approximately 30 percent. SG&A expenses as a percentage of revenue are expected to be approximately 22.5 percent.