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AMN Healthcare Services CEO Discusses Q4 2010 Results - Earnings Call Transcript

Stocks in this article: AHS

It is possible that our actual results may differ materially from those indicated by these forward-looking statements, as a result of various important factors, including those identified in our S-3 filed on December 21 st, 2010, annual report on Form 10-K for the year ended December 31 st, 2009 and other periodic reports, which have been filed with and are publicly available from the SEC. The results reported in this call may not be indicative of results for future quarters.

These statements reflect the Company's current beliefs and are based upon information currently available to it. Developments subsequent to this call may cause these statements to become outdated. The Company does not intend, however, to update the guidance provided today prior to its next earnings release.

I will now turn the call over to Susan Salka, AMN Healthcare's President and Chief Executive Officer.

Susan Salka - President and Chief Executive Officer

Thank you, Amy. Good afternoon everyone and welcome to AMN Healthcare’s 2010 fourth quarter earnings conference call. I’m sure like everyone on this call the AMN team is keenly focused on the current and future opportunities in our business. But as much as we would like to jump right into the New Year with you, it is important to first reflect back on 2010 as our actions and performance last year have a lot to do with why we are starting 2011 in such a stronger position.

After weathering through 2009 and the most severe contraction in the history of healthcare staffing, 2010 represented a year of stabilization and transition back to growth. During such turbulent times, companies can choose to either take a hunker down approach or use the opportunity to consolidate and make important strides in their long-term strategies.

Just as we have done in prior contractions, we chose the latter approach to position AMN to build for the future. There were two key events that occurred for the company during 2010. First, the market began to stabilize and improve. Overall, for AMN, we bottomed out in the fourth quarter of 2009 and stabilized going into the first quarter of last year. Then we experienced modest sequential growth in Q2, Q3 and now Q4.

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