Delivers QoQ and YoY Growth In Revenue, Earnings and Cash Flow Revenue of $428.1 million, in line with expectations. Net income and diluted EPS of $14.0 million and $0.19. Reported and adjusted cash flow from operations of $4.3 million and $19.0 million. Reaffirms Q4 revenue estimate of $430.0 to $440.0 million and FY 2024 cash flow forecast of $40.0 to $55.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended September 30, 2024. Ted Wahl, Chief Executive Officer, stated, "We're very pleased with our third quarter results, which underscore the positive momentum we're carrying into the fourth quarter. Executing on our three stra

Healthcare Services Group, Inc. (NASDAQ:HCSG) today announced the appointment of Vikas Singh as EVP & Chief Financial Officer, effective September 3, 2024. He will oversee HCSG's accounting and finance operations, and play a key role in corporate development, investor relations, and the success of its long-term growth strategy. Mr. Singh brings over two decades of diverse experience in finance, strategy and operations to the Company. Most recently, he served as Managing Director of Leveraged Finance & Capital Markets at Bank of America Securities. Prior to that he worked in the Financial Sponsors Group at Credit Suisse and in the Asia-Pacific Credit Card Group at Citibank. Mr. Singh began

Raises Second Half 2024 Revenue Estimates, Reaffirms Full-Year 2024 Cash Flow Forecast Revenue of $426.3 million, in line with expectations. Net income and diluted EPS of ($1.8) million and ($0.02); includes $0.22 impact of client restructuring charges. Reported and adjusted cash flow from operations of $16.3 million and ($2.4) million. Raises Q3 and Q4 revenue estimates to $425.0 to $435.0 million and $430.0 to $440.0 million. Reaffirms 2024 adjusted cash flow range of $40.0 to $55.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended June 30, 2024. Ted Wahl, Chief Executive Officer, stated, "Our field-based team deli

Healthcare Services Group, Inc. (NASDAQ:HCSG) today issued the following statement in response to LaVie Care Centers' announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Georgia. As a result of LaVie's filing, the Company estimates a Q2 non-cash charge of approximately $0.20 per share. The Company expects to continue providing services to LaVie and expects no impact on future revenue or earnings. Additionally, the Company anticipates no disruption in postpetition payments and reiterates its previously shared Q2 and 2024 adjusted cash flow expectations of $5.0 million to $15.0 million and $40.0 million to $55.0 million, respectively. Ted Wahl, Ch

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 EBITDA(1) of $28.9 million, a 10.7% increase over Q1 2023. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended March 31, 2024. Ted Wahl, Chief Executive Officer, stated, "Our team delivered strong first quarter results, building on our positive momentum in 2023. During the quarter, we managed adjusted cost of services unde

Exceeds Earnings and Cash Flow Expectations, Revenue In-Line Revenue of $423.8 million; adjusted revenue(1) of $425.0 million, in-line with expectations. Net income and diluted EPS of $22.6 million and $0.31; adjusted net income(1) and adjusted diluted EPS(1) of $14.6 million and $0.20. Adjusted EBITDA(1) of $26.5 million, a 14.2% increase over Q4 2022. Cash flow from operations of $49.5 million; adjusted cash flow from operations(1) of $27.9 million, a 7.1% increase over Q4 2022. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended December 31, 2023. Ted Wahl, Chief Executive Officer, stated, "Our team delivered strong fourth quar

Revenue of $411.4 million; adjusted revenue(1) of $424.0 million, in line with expectations. Net income and diluted EPS of ($5.5) million and ($0.07); adjusted net income(1) and adjusted diluted EPS(1) of $12.5 million and $0.17, a 13.7% and 13.3% increase, respectively, over Q3 2022. Adjusted EBITDA(1) of $23.2 million, a 10.2% increase over Q3 2022. Cash flow from operations of $2.9 million; adjusted cash flow from operations(1) of $18.0 million, a 208.9% increase over Q3 2022. Raises expectations for second half of 2023 cash flow from operations from a range of $20.0 million to $30.0 million, to $35.0 million to $45.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG)

Robust New Business Pipeline Sets Stage For Second Half Of Year Growth Healthcare Services Group, Inc. (NASDAQ:HCSG) reported for the three months ended June 30, 2023 revenue of $418.9 million, GAAP net income of $8.6 million, or $0.12 per basic and diluted common share, and adjusted EBITDA of $26.3 million. Q2 Results Revenue for the quarter was reported at $418.9 million, with housekeeping & laundry and dining & nutrition segment revenues of $190.8 million and $228.1 million, respectively. Housekeeping & laundry and dining & nutrition segment margins were 8.7% and 5.5%, respectively. Direct cost of services was reported at $367.7 million, or 87.8%. Direct cost included an $11

Continues Positive Business Momentum, Adjusted EBITDA up 18% Healthcare Services Group, Inc. (NASDAQ:HCSG) (the "Company") reported for the three months ended March 31, 2023 revenue of $417.2 million, GAAP net income of $12.7 million, or $0.17 per basic and diluted common share, and adjusted EBITDA of $27.5 million. Q1 Results Revenue for the quarter was reported at $417.2 million, with housekeeping & laundry and dining & nutrition segment revenues of $193.5 million and $223.7 million, respectively. Housekeeping & laundry and dining & nutrition segment margins were 10.4% and 6.6%, respectively. Direct cost of services was reported at $361.0 million, or 86.5%. Direct cost includ

Achieves Direct Cost Target, Rebalances Capital Allocation Strategy Healthcare Services Group, Inc. (NASDAQ:HCSG) (the "Company") reported for the three months ended December 31, 2022 revenue of $424.0 million, net income of $16.2 million, or $0.22 per basic and diluted common share, and cash flow from operations of $22.9 million. The Company also announced that, as part of a comprehensive rebalancing of its capital allocation strategy, its Board of Directors has suspended the quarterly cash dividend on its common stock and authorized the repurchase of up to 7.5 million shares of its common stock. Q4 Results Revenue for the quarter was reported at $424.0 million, with housekeeping & lau

Delivers QoQ and YoY Growth In Revenue, Earnings and Cash Flow Revenue of $428.1 million, in line with expectations. Net income and diluted EPS of $14.0 million and $0.19. Reported and adjusted cash flow from operations of $4.3 million and $19.0 million. Reaffirms Q4 revenue estimate of $430.0 to $440.0 million and FY 2024 cash flow forecast of $40.0 to $55.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended September 30, 2024. Ted Wahl, Chief Executive Officer, stated, "We're very pleased with our third quarter results, which underscore the positive momentum we're carrying into the fourth quarter. Executing on our three stra

Raises Second Half 2024 Revenue Estimates, Reaffirms Full-Year 2024 Cash Flow Forecast Revenue of $426.3 million, in line with expectations. Net income and diluted EPS of ($1.8) million and ($0.02); includes $0.22 impact of client restructuring charges. Reported and adjusted cash flow from operations of $16.3 million and ($2.4) million. Raises Q3 and Q4 revenue estimates to $425.0 to $435.0 million and $430.0 to $440.0 million. Reaffirms 2024 adjusted cash flow range of $40.0 to $55.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended June 30, 2024. Ted Wahl, Chief Executive Officer, stated, "Our field-based team deli

Healthcare Services Group, Inc. (NASDAQ:HCSG) today issued the following statement in response to LaVie Care Centers' announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Georgia. As a result of LaVie's filing, the Company estimates a Q2 non-cash charge of approximately $0.20 per share. The Company expects to continue providing services to LaVie and expects no impact on future revenue or earnings. Additionally, the Company anticipates no disruption in postpetition payments and reiterates its previously shared Q2 and 2024 adjusted cash flow expectations of $5.0 million to $15.0 million and $40.0 million to $55.0 million, respectively. Ted Wahl, Ch

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 EBITDA(1) of $28.9 million, a 10.7% increase over Q1 2023. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended March 31, 2024. Ted Wahl, Chief Executive Officer, stated, "Our team delivered strong first quarter results, building on our positive momentum in 2023. During the quarter, we managed adjusted cost of services unde

Exceeds Earnings and Cash Flow Expectations, Revenue In-Line Revenue of $423.8 million; adjusted revenue(1) of $425.0 million, in-line with expectations. Net income and diluted EPS of $22.6 million and $0.31; adjusted net income(1) and adjusted diluted EPS(1) of $14.6 million and $0.20. Adjusted EBITDA(1) of $26.5 million, a 14.2% increase over Q4 2022. Cash flow from operations of $49.5 million; adjusted cash flow from operations(1) of $27.9 million, a 7.1% increase over Q4 2022. Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended December 31, 2023. Ted Wahl, Chief Executive Officer, stated, "Our team delivered strong fourth quar

Revenue of $411.4 million; adjusted revenue(1) of $424.0 million, in line with expectations. Net income and diluted EPS of ($5.5) million and ($0.07); adjusted net income(1) and adjusted diluted EPS(1) of $12.5 million and $0.17, a 13.7% and 13.3% increase, respectively, over Q3 2022. Adjusted EBITDA(1) of $23.2 million, a 10.2% increase over Q3 2022. Cash flow from operations of $2.9 million; adjusted cash flow from operations(1) of $18.0 million, a 208.9% increase over Q3 2022. Raises expectations for second half of 2023 cash flow from operations from a range of $20.0 million to $30.0 million, to $35.0 million to $45.0 million. Healthcare Services Group, Inc. (NASDAQ:HCSG)

Robust New Business Pipeline Sets Stage For Second Half Of Year Growth Healthcare Services Group, Inc. (NASDAQ:HCSG) reported for the three months ended June 30, 2023 revenue of $418.9 million, GAAP net income of $8.6 million, or $0.12 per basic and diluted common share, and adjusted EBITDA of $26.3 million. Q2 Results Revenue for the quarter was reported at $418.9 million, with housekeeping & laundry and dining & nutrition segment revenues of $190.8 million and $228.1 million, respectively. Housekeeping & laundry and dining & nutrition segment margins were 8.7% and 5.5%, respectively. Direct cost of services was reported at $367.7 million, or 87.8%. Direct cost included an $11

Continues Positive Business Momentum, Adjusted EBITDA up 18% Healthcare Services Group, Inc. (NASDAQ:HCSG) (the "Company") reported for the three months ended March 31, 2023 revenue of $417.2 million, GAAP net income of $12.7 million, or $0.17 per basic and diluted common share, and adjusted EBITDA of $27.5 million. Q1 Results Revenue for the quarter was reported at $417.2 million, with housekeeping & laundry and dining & nutrition segment revenues of $193.5 million and $223.7 million, respectively. Housekeeping & laundry and dining & nutrition segment margins were 10.4% and 6.6%, respectively. Direct cost of services was reported at $361.0 million, or 86.5%. Direct cost includ

Achieves Direct Cost Target, Rebalances Capital Allocation Strategy Healthcare Services Group, Inc. (NASDAQ:HCSG) (the "Company") reported for the three months ended December 31, 2022 revenue of $424.0 million, net income of $16.2 million, or $0.22 per basic and diluted common share, and cash flow from operations of $22.9 million. The Company also announced that, as part of a comprehensive rebalancing of its capital allocation strategy, its Board of Directors has suspended the quarterly cash dividend on its common stock and authorized the repurchase of up to 7.5 million shares of its common stock. Q4 Results Revenue for the quarter was reported at $424.0 million, with housekeeping & lau