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Sep 30, 2020
HCSG Q3 2020 Earnings Report
Reported revenue of $435.9 million and net income of $27.6 million.
Key Takeaways
Healthcare Services Group reported Q3 2020 results with revenue of $435.9 million and net income of $27.6 million, or $0.37 per basic and diluted common share. The company's Board of Directors declared a quarterly cash dividend of $0.205 per common share.
Revenue for the quarter was $435.9 million.
Net income for the quarter was $27.6 million, or $0.37 per basic and diluted common share.
Cash flow from operations was $49.2 million.
The Board of Directors declared a quarterly cash dividend of $0.205 per common share.
Forward Guidance
The company maintains its sharp focus on delivering strong operational and financial results in Q4 and longer term, their growth outlook remains positive.
Positive Outlook
- The industry is much better prepared with enhanced operating protocols.
- The company continue to be encouraged by the government’s ongoing financial support of the industry.
- Government support is viewed as a necessary bridge from the short-term challenges to a more stable operating environment and, ultimately, a vaccine.
- The company maintains its sharp focus on delivering strong operational and financial results in Q4.
- Longer term, their growth outlook remains positive as their value proposition is more compelling than ever before.
Challenges Ahead
- The pandemic continues to create uncertainty around near-term occupancy and costs trends.
- The current environment necessitates a cautious view on growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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