---
schema_version: "secwatch.filing_event.v1"
accession: "0000731012-24-000059"
form_type: "8-K"
ticker: "HCSG"
cik: "0000731012"
company_name: "HEALTHCARE SERVICES GROUP INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:24:49.926897+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HCSG Q1 diluted EPS $0.21 beats expectations; revenue $423.4M in line; reiterates FY2024 cash flow guidance

## Summary
- Diluted EPS of $0.21 (adjusted $0.22) exceeds expectations; net income $15.3M.
- Revenue of $423.4M, in line with $420M-$430M guidance; Housekeeping & laundry $190.5M, Dining & nutrition $232.9M.
- Adjusted EBITDA $28.9M, up 10.7% YoY; adjusted cost of services 84.4%.
- Reiterates 2024 adjusted cash flow range of $40M-$55M; Q2 revenue guidance $420M-$430M.
- Change Healthcare cyberattack impacted Q1 cash collections; achieved 95% cash collections; expects temporary headwind.

## SEC filing metadata
- accession: 0000731012-24-000059
- form_type: 8-K
- ticker: HCSG
- cik: 0000731012
- company_name: HEALTHCARE SERVICES GROUP INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731012/000073101224000059/0000731012-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731012/000073101224000059/hcsg-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000731012-24-000059
- JSON: https://secwatch.observer/filing/0000731012-24-000059.json
- Plain text: https://secwatch.observer/filing/0000731012-24-000059.txt

## Key facts
- Earnings Releases
  HEALTHCARE SERVICES GROUP INC reported the three months ended March 31, 2024 results: revenue $423.4 million, EPS $0.21. Guidance reaffirmed.
  - Period: the three months ended March 31, 2024
  - Revenue: $423.4 million
  - EPS: $0.21
  - Guidance: reaffirmed
  - Result: reported results
  source text: (EX-99.1) --- HCSG Reports Q1 2024 Results Exceeds Earnings Expectations, Revenue In Line Reiterates 2024 Cash Flow Forecast & Expectation for YoY Revenue Growth • Revenue of $423.4 million, in line with expectations. • Net income and diluted EPS of $15.3 million and $0.21; adjusted net income (1) and adjusted diluted EPS (1) of $16.5 million and $0.22. • Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/731012/000073101224000059/0000731012-24-000059-index.htm

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