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Friday, Jan 27, 2023
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AMN Staffing Firm Sees Healthy Increase in Profits

AMN Healthcare Services Inc., a San Diego health care staffing firm, reported first-quarter net income of $9.5 million on May 7, up 16 percent from the like quarter in 2007.

Revenue for the first quarter was $283.9 million, 3 percent above the revenue reported in last year’s first quarter.

The public company founded by San Diego mayoral candidate Steve Francis and his wife saw growth in all three of its business segments , nurse, physician and allied health staffing , as well as improved profit margins. Francis resigned as chairman this year.

AMN Healthcare reaffirmed its forecasted revenue growth this year at 7 percent to 12 percent above 2007 results, with earnings to increase at a faster rate.

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For the second quarter, AMN forecast revenue between $313 million and $316 million, and diluted earnings per share to range from 26 to 28 cents.

Traded on the New York Stock Exchange under AHS, shares were at $16.61 in midday May 8 action, up nearly 9 percent from the prior day’s closing price. The stock has ranged from $14.25 to $23.41 in the past 52 weeks.

, Mike Allen

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