secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000731012-22-000081
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCSG Q3 revenue $414.5M, net income $0.3M; cost of services 90.9%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000081/0000731012-22-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000081/hcsg-20221019.htm
  HTML page:      https://secwatch.observer/filing/0000731012-22-000081

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