HCSG Q3 revenue $415.6M, net income $9.5M ($0.13 EPS); cites labor inflation, Delta surge headwinds

HEALTHCARE SERVICES GROUP INC

2021-Q3 EPS reported $0.58 revenue$1,221,512,000

Revenue $415.6M, net income $9.5M ($0.13 diluted EPS); direct costs 87.8% of revenue.
Housekeeping & laundry margin 8.5%; dining & nutrition margin 3.4%; food costs up 4.1% vs Q2.
Operating cash outflow $23.1M driven by $16M accrued payroll, $12M receivables growth, $6M SEC settlement.
Quarterly dividend $0.21/share, payable Dec 23, 2021 to holders of record Nov 19, 2021.
Appointed Kurt Simmons Jr. to Board and Audit Committee effective Nov 1, 2021.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Kurt Simmons, Jr.

Director

HCSG · HEALTHCARE SERVICES GROUP INC

Effective: 2021-11-01
Filed: October 20, 2021, 7:59 PM ET

On October 19, 2021, the Board of Directors (the "Board") of the Company appointed Kurt Simmons, Jr. as a member of the Board, effective November 1, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kurt Simmons, Jr. was appointed as Director at HEALTHCARE SERVICES GROUP INC.

Action: appointed
Role: Director

Exact text from the filing

On October 19, 2021, the Board of Directors (the "Board") of the Company appointed Kurt Simmons, Jr. as a member of the Board, effective November 1, 2021.

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HEALTHCARE SERVICES GROUP INC filing history →

Source: SEC EDGAR

accession 0000731012-21-000073

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