secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000731012-24-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101224000059/0000731012-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101224000059/hcsg-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000731012-24-000059

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