---
schema_version: "secwatch.filing_event.v1"
accession: "0000731012-22-000066"
form_type: "8-K"
ticker: "HCSG"
cik: "0000731012"
company_name: "HEALTHCARE SERVICES GROUP INC"
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:48:14.197678+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HCSG Q2 2022 revenue $424.9M, net income $6.8M ($0.09 EPS); cost of services 89.3% due to $7M AR reserve

## Summary
- Revenue $424.9M; housekeeping & laundry $199.1M, dining & nutrition $225.8M; segment margins 9.0% and 4.5%.
- Cost of services 89.3% (target 86% by year-end) impacted by $7M AR reserve from client in receivership; adjusted SG&A 8.4%.
- Cash from operations $9.0M; DSO 71 days; effective tax rate 17.3% (2022 guidance 24-26%).
- Quarterly dividend $0.21375/share payable Sep 23 to holders of record Aug 19; 76th consecutive increase.
- CEO says service agreement modifications ongoing; expects cost of services to align with 86% target by year-end.

## SEC filing metadata
- accession: 0000731012-22-000066
- form_type: 8-K
- ticker: HCSG
- cik: 0000731012
- company_name: HEALTHCARE SERVICES GROUP INC
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731012/000073101222000066/0000731012-22-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731012/000073101222000066/hcsg-20220720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000731012-22-000066
- JSON: https://secwatch.observer/filing/0000731012-22-000066.json
- Plain text: https://secwatch.observer/filing/0000731012-22-000066.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.