---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001230"
form_type: "8-K"
ticker: "CCRN"
cik: "0001141103"
company_name: "CROSS COUNTRY HEALTHCARE INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:38:56.031668+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cross Country Healthcare Q2 revenue down 28% YoY; guides Q3 lower

## Summary
- Q2 revenue $540.7M (-28% YoY, -13% sequential); diluted EPS $0.60 vs $1.40 YoY.
- Adjusted EBITDA $44.4M (8.2% margin) vs $83.5M (11.1%) YoY; adjusted EPS $0.69 vs $1.40.
- Physician Staffing revenue +105% YoY to $45.3M; Nurse & Allied -32% to $495.4M.
- Repaid $73.9M term loan; repurchased 200K shares for $4.7M.
- Q3 guidance: revenue $440-450M; adjusted EPS $0.35-0.45; indicates continued decline.

## SEC filing metadata
- accession: 0001157523-23-001230
- form_type: 8-K
- ticker: CCRN
- cik: 0001141103
- company_name: CROSS COUNTRY HEALTHCARE INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141103/000115752323001230/0001157523-23-001230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141103/000115752323001230/a53496471.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001230
- JSON: https://secwatch.observer/filing/0001157523-23-001230.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001230.txt

## Key facts
- Earnings Releases
  CROSS COUNTRY HEALTHCARE INC reported the quarter ended June 30, 2023 results: revenue $540.7 million, net income $21.3 million, EPS $0.60. Guidance initiated.
  - Period: the quarter ended June 30, 2023
  - Revenue: $540.7 million
  - Net income: $21.3 million
  - EPS: $0.60
  - Guidance: initiated
  - Result: reported results
  source text: clients to optimize their workforce, and to further improve our profitability as we continue to penetrate the vendor neutral space.” Second quarter consolidated revenue was $540.7 million, a decrease of 28% year-over-year and 13% sequentially. Consolidated gross profit margin was 22.8%, up 20 basis points year-over-year and 40 basis points sequentially. Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141103/000115752323001230/0001157523-23-001230-index.htm
- Earnings Releases
  CROSS COUNTRY HEALTHCARE INC reported the six months ended June 30, 2023 results: revenue $1.2 billion, net income $50.8 million, EPS $1.41. Guidance initiated.
  - Period: the six months ended June 30, 2023
  - Revenue: $1.2 billion
  - Net income: $50.8 million
  - EPS: $1.41
  - Guidance: initiated
  - Result: reported results
  source text: For the six months ended June 30, 2023, consolidated revenue was $1.2 billion, a decrease of 25% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141103/000115752323001230/0001157523-23-001230-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.