Published on 24 Apr 2024 on GuruFocus.com via Yahoo Finance
Healthcare Services Group Inc (HCSG) Q1 2024 Earnings: Exceeds EPS Estimates, Revenue Aligns ...
Revenue: Reported at $423.4 million, aligning with the expected range of $420.0 million to $430.0 million.Net Income: Achieved $15.3 million, surpassing the estimate of $13.79 million.Earnings Per Share (EPS): Recorded at $0.21, exceeding the estimated $0.19.Adjusted EBITDA: Grew to $28.9 million, marking a 10.7% increase from Q1 2023.Cost of Services: Managed at $357.3 million adjusted, aiming to maintain within 86% of revenue.Cash Flow: Adjusted cash flow from operations noted at $9.2 million, with a reiterated annual forecast of $40.0 to $55.0 million.Segment Performance: Housekeeping & laundry and dining & nutrition segments contributed $190.5 million and $232.9 million, respectively, to revenue.
Warning! GuruFocus has detected 6 Warning Signs with HCSG.