secwatch.observer — SEC 8-K summary
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Issuer:     CROSS COUNTRY HEALTHCARE INC (CCRN)
CIK:        0001141103
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001628280-24-005913
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cross Country Healthcare Q4 net income drops 77% on 34% revenue decline
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- Q4 2023 revenue $414M, down 34% YoY and 6% sequentially; full year revenue $2.02B, down 28%.
- Q4 net income $9.0M (-77% YoY); diluted EPS $0.26 vs $1.05 in Q4 2022.
- Q4 adjusted EBITDA $20.6M (-64% YoY); margin 5.0%, down 410 bps YoY.
- Q4 cash from ops $12.1M (+179% YoY); full year cash from ops $248.5M (+85% YoY).
- Full year adjusted EPS $2.23 vs $5.27 in 2022; net income $72.6M (-61% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141103/000162828024005913/0001628280-24-005913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141103/000162828024005913/ccrn-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-005913

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