HCSG - Earnings announcements

Delivers Strong Revenue, Earnings and Cash Flow Reiterates 2026 Growth Outlook Revenue of $462.8 million, a 3.4% increase over the prior year. Net income and diluted EPS of $26.1 million and $0.37. Cash flow from operations of $43.7 million; cash flow from operations, excluding the change in payroll accrual, of $23.4 million. Share repurchases of $24.0 million. Reiterates 2026 mid-single-digit revenue growth outlook. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended March 31, 2026. Ted Wahl, Chief Executive Officer, stated, "We delivered strong first quarter results across revenue, earnings, and cash flow, and we have carri

Exceeds 2025 Expectations Announces New Share Repurchase Program Provides 2026 Growth Outlook Revenue: $1.84 billion for the year (+7.1%) and $466.7 million for the quarter (+6.6%). Net income and EPS: $59.1 million or $0.81 for the year and $31.2 million or $0.44 for the quarter. Cash flow from operations: $145.0 million for the year and $17.4 million for the quarter. Excluding change in payroll accrual, $164.1 million for the year and $36.4 million for the quarter. Share repurchase: Completes $50.0 million buyback and authorizes new $75.0 million, 12-month program. 2026 outlook: Expects mid-single-digit revenue growth. Healthcare Services Group, Inc. (NASDAQ:HCSG) to

Exceeds Revenue, Earnings and Cash Flow Expectations  Revenue of $464.3 million, an 8.5% increase over the prior year. Net income and diluted EPS of $43.0 million and $0.59; includes $0.361 benefit primarily related to the Employee Retention Credit (ERC). Cash flow from operations and cash flow from operations, excluding the change in payroll accrual, of $71.3 million and $87.1 million; includes $31.8 million benefit related to the ERC. Share repurchases of $27.3 million under previously announced $50.0 million, 12-month share repurchase plan. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended September 30, 2025. Ted Wahl, Chief

Exceeds Growth Expectations Raises 2025 Cash Flow Forecast Announces $50.0MM Share Repurchase Plan Revenue of $458.5 million, an increase of 7.6% over the prior year. Net income and diluted EPS of ($32.4) million and ($0.44); includes $0.65 non-cash charge related to previously announced Genesis HealthCare restructuring. Cash flow from operations of $28.8 million; cash flow from operations (excluding the change in payroll accrual) of $8.5 million, an increase of $10.9 million over the prior year. Reiterates 2025 mid-single digit growth expectations. Raises 2025 cash flow from operations forecast (excluding the change in payroll accrual) from $60.0 to $75.0 million to $70.0 to

Healthcare Services Group, Inc. (NASDAQ:HCSG) today issued the following statement related to the Genesis HealthCare, Inc. ("Genesis") announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Texas on July 9, 2025 (the "Petition Date"). HCSG currently provides services to 164 Genesis facilities. Following the Petition Date, HCSG expects to continue its contractual relationship with those Genesis facilities without disruption in service or payments. As of the Petition Date, the estimated accounts and notes receivable balances of Genesis, net of reserves, were $50.0 million and $14.4 million, respectively. As a result of the Genesis filing, HCSG estima

Delivers Strong Revenue, Earnings & Cash Flow Revenue of $447.7 million, an increase of 5.7% over the prior year. Net income and diluted EPS of $17.2 million and $0.23. Reported cash flow from operations of $27.5 million; cash flow from operations (excluding the change in payroll accrual) of $32.1 million, an increase of $41.3 million over the prior year. Reiterates 2025 mid-single digit growth expectations. Raises 2025 cash flow from operations forecast (excluding the change in payroll accrual) from $45.0 to $60.0 million to $60.0 to $75.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended March 31, 2025. Ted Wahl, Chief Ex

Delivers Strong Earnings & Cash Flow, Provides 2025 Growth Expectations  Revenue of $437.8 million. Net income and diluted EPS of $11.9 million and $0.16, inclusive of new business start-up costs. Reported cash flow from operations of $36.2 million; actual cash flow from operations, excluding the change in payroll accrual, of $27.0 million. Expects mid-single digit revenue growth in 2025 and Q1 revenue in the range of $440.0 to $450.0 million. Expects 2025 actual cash flow from operations, excluding the change in payroll accrual, in the range of $45.0 to $60.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended Decem

Delivers QoQ and YoY Growth In Revenue, Earnings and Cash Flow Revenue of $428.1 million, in line with expectations. Net income and diluted EPS of $14.0 million and $0.19. Reported and adjusted cash flow from operations of $4.3 million and $19.0 million. Reaffirms Q4 revenue estimate of $430.0 to $440.0 million and FY 2024 cash flow forecast of $40.0 to $55.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended September 30, 2024. Ted Wahl, Chief Executive Officer, stated, "We're very pleased with our third quarter results, which underscore the positive momentum we're carrying into the fourth quarter. Executing on our three stra

Raises Second Half 2024 Revenue Estimates, Reaffirms Full-Year 2024 Cash Flow Forecast Revenue of $426.3 million, in line with expectations. Net income and diluted EPS of ($1.8) million and ($0.02); includes $0.22 impact of client restructuring charges. Reported and adjusted cash flow from operations of $16.3 million and ($2.4) million. Raises Q3 and Q4 revenue estimates to $425.0 to $435.0 million and $430.0 to $440.0 million. Reaffirms 2024 adjusted cash flow range of $40.0 to $55.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended June 30, 2024. Ted Wahl, Chief Executive Officer, stated, "Our field-based team deli

Healthcare Services Group, Inc. (NASDAQ:HCSG) today issued the following statement in response to LaVie Care Centers' announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Georgia. As a result of LaVie's filing, the Company estimates a Q2 non-cash charge of approximately $0.20 per share. The Company expects to continue providing services to LaVie and expects no impact on future revenue or earnings. Additionally, the Company anticipates no disruption in postpetition payments and reiterates its previously shared Q2 and 2024 adjusted cash flow expectations of $5.0 million to $15.0 million and $40.0 million to $55.0 million, respectively. Ted Wahl, Ch

Exceeds Earnings Expectations, Revenue In Line Reiterates 2024 Cash Flow Forecast & Expectation for YoY Revenue Growth  Revenue of $423.4 million, in line with expectations. Net income and diluted EPS of $15.3 million and $0.21; adjusted net income(1) and adjusted diluted EPS(1) of $16.5 million and $0.22. Adjusted EBITDA(1) of $28.9 million, a 10.7% increase over Q1 2023. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended March 31, 2024. Ted Wahl, Chief Executive Officer, stated, "Our team delivered strong first quarter results, building on our positive momentum in 2023. During the quarter, we managed adjusted cost of services unde

Exceeds Earnings and Cash Flow Expectations, Revenue In-Line Revenue of $423.8 million; adjusted revenue(1) of $425.0 million, in-line with expectations. Net income and diluted EPS of $22.6 million and $0.31; adjusted net income(1) and adjusted diluted EPS(1) of $14.6 million and $0.20. Adjusted EBITDA(1) of $26.5 million, a 14.2% increase over Q4 2022. Cash flow from operations of $49.5 million; adjusted cash flow from operations(1) of $27.9 million, a 7.1% increase over Q4 2022. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended December 31, 2023. Ted Wahl, Chief Executive Officer, stated, "Our team delivered strong fourth quar

Revenue of $411.4 million; adjusted revenue(1) of $424.0 million, in line with expectations. Net income and diluted EPS of ($5.5) million and ($0.07); adjusted net income(1) and adjusted diluted EPS(1) of $12.5 million and $0.17, a 13.7% and 13.3% increase, respectively, over Q3 2022. Adjusted EBITDA(1) of $23.2 million, a 10.2% increase over Q3 2022. Cash flow from operations of $2.9 million; adjusted cash flow from operations(1) of $18.0 million, a 208.9% increase over Q3 2022. Raises expectations for second half of 2023 cash flow from operations from a range of $20.0 million to $30.0 million, to $35.0 million to $45.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG)

Robust New Business Pipeline Sets Stage For Second Half Of Year Growth Healthcare Services Group, Inc. (NASDAQ:HCSG) reported for the three months ended June 30, 2023 revenue of $418.9 million, GAAP net income of $8.6 million, or $0.12 per basic and diluted common share, and adjusted EBITDA of $26.3 million. Q2 Results Revenue for the quarter was reported at $418.9 million, with housekeeping & laundry and dining & nutrition segment revenues of $190.8 million and $228.1 million, respectively. Housekeeping & laundry and dining & nutrition segment margins were 8.7% and 5.5%, respectively. Direct cost of services was reported at $367.7 million, or 87.8%. Direct cost included an $11

Continues Positive Business Momentum, Adjusted EBITDA up 18% Healthcare Services Group, Inc. (NASDAQ:HCSG) (the "Company") reported for the three months ended March 31, 2023 revenue of $417.2 million, GAAP net income of $12.7 million, or $0.17 per basic and diluted common share, and adjusted EBITDA of $27.5 million. Q1 Results Revenue for the quarter was reported at $417.2 million, with housekeeping & laundry and dining & nutrition segment revenues of $193.5 million and $223.7 million, respectively. Housekeeping & laundry and dining & nutrition segment margins were 10.4% and 6.6%, respectively. Direct cost of services was reported at $361.0 million, or 86.5%. Direct cost includ

Achieves Direct Cost Target, Rebalances Capital Allocation Strategy Healthcare Services Group, Inc. (NASDAQ:HCSG) (the "Company") reported for the three months ended December 31, 2022 revenue of $424.0 million, net income of $16.2 million, or $0.22 per basic and diluted common share, and cash flow from operations of $22.9 million. The Company also announced that, as part of a comprehensive rebalancing of its capital allocation strategy, its Board of Directors has suspended the quarterly cash dividend on its common stock and authorized the repurchase of up to 7.5 million shares of its common stock. Q4 Results Revenue for the quarter was reported at $424.0 million, with housekeeping & lau