secwatch.observer — SEC 8-K summary
======================================

Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0000731012-22-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCSG Q4 revenue $420.4M, EPS $0.03; margins pressured by labor inflation
------------------------------------------------------------------------

- Revenue $420.4M; net income $2.1M ($0.03 EPS); housekeeping & laundry $200.0M, dining $220.4M.
- Direct cost of services 89.7% vs. 86% target; management expects service agreement modifications in H1 2022.
- SG&A $44.3M ($41.6M adjusted); 2022 SG&A guidance 8.5%-9.5% of revenue.
- Q4 cash dividend $0.21125/share payable March 25, 2022; 74th consecutive increase since 2003.
- Repurchased $16.1M of stock in quarter; DSO 64 days; cash from ops $31.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000021/0000731012-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000021/hcsg-20220209.htm
  HTML page:      https://secwatch.observer/filing/0000731012-22-000021

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