earnings
confidence high
sentiment negative
materiality 0.65
HCSG Q3 revenue $414.5M, net income $0.3M; cost of services 90.9%
HEALTHCARE SERVICES GROUP INC
2022-Q3 EPS reported
$0.25
revenue$1,266,156,000
- Net income of $0.3M; cost of services 90.9% impacted by $7.6M AR reserve increase.
- Housekeeping margin 8.9%, dining margin -0.2%; contract modifications reduced rev ~$9M.
- Quarterly dividend raised to $0.215/share (77th consecutive increase), payable Dec 22.
- Cash used in ops $9.9M; DSO 76 days; expects cost of services exit 2022 at 86%.
- SG&A (adj.) $35.8M or 8.6%; 2022 SG&A guided 8.5-9.5%.