secwatch.observer — SEC 8-K summary
======================================

Issuer:     CROSS COUNTRY HEALTHCARE INC (CCRN)
CIK:        0001141103
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001157523-23-001230
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 Q2 revenue down 28% YoY; guides Q3 lower
-----------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141103/000115752323001230/0001157523-23-001230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141103/000115752323001230/a53496471.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001230

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