Healthcare Services Group, Inc.
18.81-0.42 (-2.18%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · HCSG · USD
Key Stats
Market Cap
1.33BP/E (TTM)
34.83Basic EPS (TTM)
0.54Dividend Yield
0%Recent Filings
8-K
10-Q
Q2 FY2025 results
Healthcare Services Group posted Q2 revenues of $458.5M, up 7.6% y/y from $426.3M, with Housekeeping at $205.7M (up 7.7%) and Dietary at $252.7M (up 7.4%), fueled by facility gains and price hikes. Yet costs of services soared 18.4% y/y to $455.5M, driven by $61.2M bad debt from Genesis bankruptcy, flipping operating income to a $23.8M loss from $14.9M profit; net loss hit $32.4M or $(0.44) per diluted share on 73.2M shares. YTD, revenues rose 6.6% to $906.2M but net loss was $15.1M or $(0.21) per share, with EPS matching diluted shares. Cash swelled to $82.8M, operating cash flow generated $56.3M YTD, and a $7.3M acquisition added $4.5M goodwill. Bad debt stings. Treasury buys continue.
8-K
Q2 Earnings Exceed Expectations
Healthcare Services Group reported Q2 revenue of $458.5 million, up 7.6% year-over-year, driven by new client wins and retention, yet net loss hit $32.4 million due to a $61.2 million non-cash charge from the Genesis HealthCare restructuring. Cash flow from operations, adjusted for payroll accrual, reached $8.5 million, beating prior year by $10.9 million. The company raised its 2025 adjusted cash flow forecast to $70-$85 million and announced a $50 million share repurchase plan over 12 months. Momentum builds into year-end.
8-K
HCSG updates on Genesis bankruptcy
Healthcare Services Group issued a statement on July 10, 2025, addressing client Genesis HealthCare's Chapter 11 bankruptcy filing the prior day, expecting uninterrupted service to 164 facilities and payments. The event triggers a Q2 non-cash charge of $0.62 per share and a Q3 charge of $0.03-$0.04 per share, tied to $50.0 million in net accounts receivable and $14.4 million in notes receivable. Yet HCSG reiterates 2025 mid-single-digit revenue growth and $60.0-$75.0 million operating cash flow. Genesis's debt woes stand alone.
8-K
Annual meeting votes pass
Healthcare Services Group held its annual shareholder meeting on May 27, 2025, where all nine director nominees secured election with strong pluralities, topping 63 million votes for each amid 72.9 million shares outstanding. The advisory 'say on pay' resolution passed handily at 61.5 million for versus 3.9 million against, while Grant Thornton LLP's ratification as auditors drew overwhelming support with 67.9 million yes votes and no broker non-votes. Shareholders approved key governance items decisively. Yet continuity reigns.
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