---
schema_version: "secwatch.filing_event.v1"
accession: "0000731012-23-000115"
form_type: "8-K"
ticker: "HCSG"
cik: "0000731012"
company_name: "HEALTHCARE SERVICES GROUP INC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:20:30.244447+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000731012-23-000115
- form_type: 8-K
- ticker: HCSG
- cik: 0000731012
- company_name: HEALTHCARE SERVICES GROUP INC
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731012/000073101223000115/0000731012-23-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731012/000073101223000115/hcsg-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000731012-23-000115
- JSON: https://secwatch.observer/filing/0000731012-23-000115.json
- Plain text: https://secwatch.observer/filing/0000731012-23-000115.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/731012/000073101223000115/0000731012-23-000115-index.htm

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