HCSG Q2 net loss $1.8M on $426.3M revenue; raises H2 revenue estimates

HEALTHCARE SERVICES GROUP INC

2024-Q2 EPS reported $0.18 revenue$849,721,000

Net loss $1.8M, diluted EPS -$0.02; includes $0.22/share charge from LaVie Chapter 11 restructuring.
Revenue $426.3M in line with expectations; Q3 est. $425-435M, Q4 est. $430-440M (raised).
Cost of services 90.3% with $31.7M bad debt (7.4% of rev): $21.9M restructuring, $9.8M aging.
Cash flow from ops $16.3M; reaffirms 2024 adjusted cash flow $40-55M.
Repurchased 263,500 shares for $3.0M in Q2; cash & marketable securities $130.7M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.