secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0000731012-22-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCSG Q1 2022 revenue $426.8M, net income $11.3M ($0.15 EPS); declares $0.2125 dividend
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- Revenue $426.8M (housekeeping/laundry $201.7M, dining/nutrition $225.1M).
- Direct cost of services 87.5%; target to exit year at historical 86% via service agreement modifications.
- Adjusted SG&A $39.5M; expects FY 2022 SG&A 8.5%-9.5% and effective tax rate 24%-26%.
- Quarterly cash dividend $0.2125 per share, payable June 24 to holders of record May 20 (75th consecutive increase).
- Cash outflow from operations $30.2M; DSO 68 days, impacted by $27.2M AR increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000031/0000731012-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000031/hcsg-20220420.htm
  HTML page:      https://secwatch.observer/filing/0000731012-22-000031

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