HCSG Q2 2023 revenue $418.9M, net income $8.6M, adjusted EBITDA $26.3M

HEALTHCARE SERVICES GROUP INC

2023-Q2 EPS reported $0.29 revenue$836,161,000

Revenue $418.9M; housekeeping & laundry $190.8M (8.7% margin), dining & nutrition $228.1M (5.5% margin).
GAAP net income $8.6M ($0.12 per diluted share); adjusted EBITDA $26.3M.
Direct cost 87.8% including $11.3M CECL AR reserve increase; SG&A $41.4M (adjusted $39.1M).
Cash flow from operations $7.4M; DSO 83 days; AR increased $39M due to timing of collections.
CEO cites robust new business pipeline; three priorities: direct cost management, collections, new facility starts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HEALTHCARE SERVICES GROUP INC reported financial results for the three months ended June 30, 2023.

Period: the three months ended June 30, 2023
Result: reported results

Exact text from the filing

On July 26, 2023, Healthcare Services Group, Inc. (the "Company") issued a press release (the "Press Release") announcing its earnings for the three months ended June 30, 2023.

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HEALTHCARE SERVICES GROUP INC filing history →

Source: SEC EDGAR

accession 0000731012-23-000098

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