earnings
confidence high
sentiment negative
materiality 0.75
HCSG Q2 revenue $398.2M, EPS $0.13; $6M SEC reserve, $3M labor reserve, Genesis adjustment
HEALTHCARE SERVICES GROUP INC
2021-Q2 EPS reported
$0.45
revenue$805,922,000
- Revenue $398.2M, net income $9.6M, diluted EPS $0.13; cash flow from operations $25.3M.
- Recorded $6.0M SEC potential settlement reserve, $3.0M California labor mediation reserve, $0.7M legal fees; combined $0.12 EPS hit.
- Temporary Genesis pricing/payment adjustments reduced Q2 earnings by $0.03 per share; expects >$50M annualized revenue growth in Q3.
- Declared Q2 cash dividend $0.20875/share, payable Sept 24 to record Aug 20; repurchased $1.8M common stock.