secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0000731012-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCSG Q4 2023: adjusted EPS $0.20, revenue $423.8M, cash flow beats guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101224000019/0000731012-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101224000019/hcsg-20240214.htm
  HTML page:      https://secwatch.observer/filing/0000731012-24-000019

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