secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0000731012-21-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101221000073/0000731012-21-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101221000073/hcsg-20211020.htm
  HTML page:      https://secwatch.observer/filing/0000731012-21-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer