HCSG

Q4 2025 in 12d Q3 2025 +13.65%Q2 2025 +12.44%Q1 2025 +29.54%Q4 2024 -1.83%Q3 2024 +3.98%Q2 2024 -9.10%Q1 2024 -7.95%Q4 2023 +31.29%Q3 2023 -1.92%Q2 2023 -14.91%Q1 2023 +9.58%Q4 2022 +7.12%Q3 2022 -2.46%Q2 2022 -23.17%Q1 2022 +19.22%Q4 2021 -0.91%Q3 2021 -13.71%Q2 2021 -12.43%Q1 2021 +11.60%Q4 2020 -7.84%Q3 2020 +2.54%Q2 2020 -3.04%Q1 2020 +9.15%Q4 2019 +8.98%Q3 2019 -5.62%Q2 2019 -21.90%Q1 2019 -4.88%Q4 2018 -6.11%Q3 2018 +4.34%Q2 2018 -9.88%Q1 2018 -5.27%Q4 2017 -1.45%Q3 2017 -4.65%Q2 2017 +12.17%Q1 2017 +10.08%Q4 2016 +0.08%Q3 2016 -3.55%Q2 2016 -6.22%Q1 2016 +2.18%Q4 2015 -1.87%Q3 2015 -2.43%Q2 2015 -0.30%Q1 2015 +2.77%Q4 2014 +1.32%Q3 2014 +2.84%Q2 2014 -4.21%Q1 2014 +4.84%Q4 2013 0.00%Q3 2013 -2.04%Q2 2013 +0.36%Q1 2013 +0.70%Q4 2012 -0.78%Q3 2012 -3.94%Q2 2012 +6.68%Q1 2012 +6.00%Q4 2011 +0.05%Q3 2011 +4.18%Q2 2011 -3.32%Q1 2010 -0.23%Q1 2011 +2.02%Q4 2008 +0.86%Q4 2010 +0.86%Q3 2009 -0.17%Q3 2010 -0.17%Q2 2009 +4.06%Q2 2010 +4.06%Q4 2009 +4.06%

Apr 26, 2023

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Mar 31, 2023

HCSG Q1 2023 Earnings Report

Reported Q1 2023 results with revenue of $417.2 million and adjusted EBITDA up 18%.

Key Takeaways

Healthcare Services Group reported Q1 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.

Revenue for the quarter was reported at $417.2 million.

Housekeeping & laundry and dining & nutrition segment revenues were $193.5 million and $223.7 million, respectively.

Adjusted EBITDA was $27.5 million, an 18% increase over the prior year's corresponding quarter.

Cash flow used in operations for the quarter was $16.3 million and was impacted by a $21.2 million decrease in accrued payroll and a $20.6 million increase in accounts receivable related to the timing of cash collections.