FINANCIALS: Challenging year for Cross Country Healthcare

US healthcare staffing specialist Cross Country Healthcare has encountered a “challenging year”, with revenue down 6% on 2017.

Results for the full year 2018 and Q4 2018, released late yesterday, reveal consolidated revenue of $816.5m (£614.4m), with consolidated gross profit margin of 25.7%, down 70 basis points year-on-year.

In Q4 2018, the group posted consolidated revenue of $200.9m, down 9% year-on-year, with consolidated GP margin of 25.2%, down 130 basis points year-on-year.

Commenting on the group’s performance, president and CEO Kevin Clark said: “2018 was a challenging year on several fronts, with softer demand in the first half and unexpected higher costs, but I am looking to the future. 

“Our primary focus is to drive operational improvements to return the company to growth and improved profitability. Achieving this goal will require a laser focus on productivity and technology across our entire business.”

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