---
schema_version: "secwatch.filing_event.v1"
accession: "0000731012-23-000047"
form_type: "8-K"
ticker: "HCSG"
cik: "0000731012"
company_name: "HEALTHCARE SERVICES GROUP INC"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:26:33.993114+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HCSG Q1 revenue $417.2M, adjusted EBITDA up 18% to $27.5M

## Summary
- GAAP net income $12.7M ($0.17 per share); adjusted EBITDA $27.5M, up 18% YoY.
- Housekeeping & laundry revenue $193.5M (10.4% margin); dining & nutrition $223.7M (6.6% margin).
- Direct cost of services 86.5% including $6.9M CECL AR reserve increase; SG&A 9.2% after adjustments.
- Cash flow used in operations $16.3M; DSO 76 days; CEO cites improved collections and contract modification exit.
- Effective tax rate 27.8% in Q1; full-year 2023 tax rate expected 24% to 26%.

## SEC filing metadata
- accession: 0000731012-23-000047
- form_type: 8-K
- ticker: HCSG
- cik: 0000731012
- company_name: HEALTHCARE SERVICES GROUP INC
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731012/000073101223000047/0000731012-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731012/000073101223000047/hcsg-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000731012-23-000047
- JSON: https://secwatch.observer/filing/0000731012-23-000047.json
- Plain text: https://secwatch.observer/filing/0000731012-23-000047.txt

## Key facts
- Earnings Releases
  HEALTHCARE SERVICES GROUP INC reported the three months ended March 31, 2023 results: revenue $417.2 million, net income $12.7 million, EPS $0.17 per basic and diluted common share.
  - Period: the three months ended March 31, 2023
  - Revenue: $417.2 million
  - Net income: $12.7 million
  - EPS: $0.17 per basic and diluted common share
  - Result: reported results
  source text: Healthcare Services Group, Inc. (NASDAQ:HCSG) (the “Company”) reported for the three months ended March 31, 2023 revenue of $417.2 million, GAAP net income of $12.7 million, or $0.17 per basic and diluted common share, and adjusted EBITDA of $27.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/731012/000073101223000047/0000731012-23-000047-index.htm

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