earnings
confidence high
sentiment neutral
materiality 0.55
Healthcare Services Group Q4 revenue $424M, EPS $0.22; suspends dividend, authorizes 7.5M share buyback
HEALTHCARE SERVICES GROUP INC
2022-FY EPS reported
$0.47
revenue$1,690,176,000
- Revenue $424.0M; net income $16.2M ($0.22 EPS); direct cost target of 86.5% achieved.
- Housekeeping & laundry revenue $198.0M (8.7% margin); dining & nutrition $226.0M (4.3% margin).
- Suspended quarterly cash dividend; Board authorized repurchase of up to 7.5M shares.
- Cash flow from operations $22.9M; DSO 72 days; 2023 tax rate expected 24%-26%.