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Mar 31, 2021
HCSG Q1 2021 Earnings Report
Reported revenue of $407.8 million and net income of $24.7 million for Q1 2021.
Key Takeaways
Healthcare Services Group reported Q1 2021 results with revenue of $407.8 million and net income of $24.7 million, or $0.33 per basic and diluted common share. The company's Board of Directors declared a quarterly cash dividend of $0.2075 per common share.
Revenue for the quarter was $407.8 million.
Net income was $24.7 million, or $0.33 per basic and diluted common share.
Housekeeping & laundry and dining & nutrition segment revenues were $215.1 million and $192.7 million, respectively.
The Board of Directors declared a quarterly cash dividend of $0.2075 per common share.
Forward Guidance
Looking ahead, the company will continue to closely monitor the path and pace of industry recovery and remain flexible in order to deliver the best possible outcomes on all fronts in Q2. While COVID remains a near-term headwind on revenue, some of the recent, more positive industry and customer data have provided the company with improved top line visibility for potential growth opportunities in the back of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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