HCSG Q3 GAAP loss $0.07/share; adjusted EPS $0.17 (up 13.3%); raises H2 cash flow guidance

HEALTHCARE SERVICES GROUP INC

2023-Q3 EPS reported $0.21 revenue$1,247,549,000

Revenue $411.4M, adjusted revenue $424.0M in line with $420-430M range; Q4 revenue guided at $420-430M.
GAAP net loss $5.5M (diluted loss $0.07); adjusted net income $12.5M (adjusted EPS $0.17, +13.3% YoY).
Adjusted costs of services 86.4% within target; adjusted EBITDA $23.2M (+10.2% YoY).
Raises H2 2023 cash flow from operations guidance to $35-45M from prior $20-30M.
Two long-term clients initiated restructurings; non-cash charges impacted Q3 but company expects stronger clients long-term.

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 the three months ended September 30, 2023 results: revenue $411.4 million, net income ($5.5) million, EPS ($0.07). Guidance raised.

Period: the three months ended September 30, 2023
Revenue: $411.4 million
Net income: ($5.5) million
EPS: ($0.07)
Guidance: raised
Result: reported results

Exact text from the filing

any filing under the Securities Act of 1933, as amended, or the Exchange Act. --- EX-99 (EX-99) --- HCSG Reports Q3 2023 Results; Raises Cash Flow Expectations • Revenue of $411.4 million; adjusted revenue (1) of $424.0 million, in line with expectations. • Net income and diluted EPS of ($5.5) million and ($0.07); adjusted net income (1) and adjusted diluted EPS

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Source: SEC EDGAR

accession 0000731012-23-000115

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