secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000731012-24-000110
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101224000110/0000731012-24-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101224000110/hcsg-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000731012-24-000110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer