Healthcare Services Group 4/26/2023 Earnings Report

Healthcare Services Group EPS Results

• Actual EPS: $0.17
• Consensus EPS: $0.13
• Beat/Miss: Beat by +$0.04
• One Year Ago EPS: $0.15

Healthcare Services Group Revenue Results

• Actual Revenue: $417.23 million
• Expected Revenue: $423.51 million
• Beat/Miss: Missed by -$6.28 million
• YoY Revenue Growth: -2.20%

Healthcare Services Group Announcement Details

• Date: 4/26/2023
• Time: Before Market Opens

Healthcare Services Group (NASDAQ:HCSG) provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary. The Housekeeping segment engages in the cleaning, disinfecting, and sanitizing of resident rooms and common areas of the customers' facilities, as well as laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at the customers' facilities. The Dietary segment provides food purchasing, meal preparation, and professional dietitian services, which include the development of menus that meet the dietary needs of residents; and on-site management and clinical consulting services to facilities. It serves long-term and post-acute care facilities, hospitals, and the healthcare industry through referrals and solicitation of target facilities. The company was incorporated in 1976 and is based in Bensalem, Pennsylvania.