8-K
filed February 14, 2024, 6:59 PM ET
ticker HCSG
CIK 0000731012
earnings
confidence high
sentiment positive
materiality 0.75
HCSG Q4 2023: adjusted EPS $0.20, revenue $423.8M, cash flow beats guidance
HEALTHCARE SERVICES GROUP INC
2023-FY EPS reported
$0.52
revenue$1,671,389,000
- Net income $22.6M ($0.31 diluted EPS); adjusted net income $14.6M ($0.20 adjusted EPS).
- Revenue $423.8M (adjusted $425.0M), in-line with $420M-$430M guidance; Q1 2024 revenue guided $420M-$430M.
- Adjusted EBITDA $26.5M, up 14.2% YoY; cash flow from ops $49.5M (adjusted $27.9M, up 7.1% YoY).
- Housekeeping & laundry rev $191.4M (margin 7.5%), dining & nutrition rev $232.4M (margin 6.2%).
- Repurchased 1M+ shares ($11.2M) in 2023; Q4 repurchased 0.5M shares ($5.0M); 6.5M shares remaining under authorization.
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 three months ended December 31, 2023 results: revenue $423.8 million, net income $22.6 million, EPS $0.31. Guidance initiated.
- Period
- three months ended December 31, 2023
- Revenue
- $423.8 million
- Net income
- $22.6 million
- EPS
- $0.31
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
• Revenue of $423.8 million; adjusted revenue (1) of $425.0 million, in-line with expectations. • Net income and diluted EPS of $22.6 million and $0.31; adjusted net income (1) and adjusted diluted EPS (1) of $14.6 million and $0.20.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HEALTHCARE SERVICES GROUP INC reported financial results for year ended December 31, 2023.
- Period
- year ended December 31, 2023
- Result
- reported results
Exact text from the filing
announcing its earnings for the three months and year ended December 31, 2023.
View on SEC.gov
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