secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0000731012-22-000066
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000066/0000731012-22-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000066/hcsg-20220720.htm
  HTML page:      https://secwatch.observer/filing/0000731012-22-000066

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