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Sep 30, 2021
HCSG Q3 2021 Earnings Report
Reported revenue of $415.6 million and net income of $9.5 million.
Key Takeaways
Healthcare Services Group reported Q3 2021 results with revenue of $415.6 million and net income of $9.5 million, or $0.13 per basic and diluted common share. The results were impacted by supply chain disruption, labor availability, and inflation.
Revenue for the quarter was $415.6 million.
Net income was $9.5 million, or $0.13 per basic and diluted common share.
The Board of Directors declared a quarterly cash dividend of $0.21 per common share.
The company repurchased $3.6 million of its common stock during the quarter.
Forward Guidance
The company will continue to closely monitor industry recovery, occupancy trends and further government funding. While the unprecedented environment is a headwind on revenue growth and profitability, they remain confident in the longer-term growth outlook.
Positive Outlook
- Confident in the longer-term growth outlook
- Market leadership
- Efficient operating model
- Attractive demographics
Challenges Ahead
- Unprecedented environment is a headwind on revenue growth and profitability
- Impact of the supply chain disruption
- Labor availability issues
- Significant inflation in the cost of goods
- Delta variant surge, vaccine mandates and a broad workforce exit
Historical Earnings Impact
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Avg. Return Before/After Earnings
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