secwatch.observer — SEC 8-K summary
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Issuer:     CROSS COUNTRY HEALTHCARE INC (CCRN)
CIK:        0001141103
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001157523-23-000334
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cross Country Healthcare Q4 revenue down 2% YoY; guides Q1 revenue down ~25% YoY
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- Q4 revenue $628.2M (-2% YoY); net income $38.8M (-50% YoY); diluted EPS $1.05 vs $2.07.
- Full year 2022 revenue $2.8B (+67% YoY); net income $188.5M (+43% YoY); adjusted EBITDA $301.7M (+86%).
- Q1 2023 guidance: revenue $590-600M (down ~25% YoY); adjusted EBITDA $44-49M (down ~50% YoY).
- Completed acquisitions of Mint, Lotus, and HireUp in Q4; repurchased 0.4M shares for $10.9M.
- Made $100M optional prepayments on term loan in 2022; remaining $76.2M share repurchase authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141103/000115752323000334/0001157523-23-000334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141103/000115752323000334/a53334950.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000334

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer