Customer Woes Cause Healthcare Services Group's First-Quarter Profits to Evaporate [The Motley Fool]
Healthcare Services Group, Inc. (HCSG)
Last healthcare services group, inc. earnings: 2/11 04:48 pm
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Source: The Motley Fool
A $35 million charge related to two customer restructurings causes the company's profits to fall drastically. Housekeeping and nutritional services provider Healthcare Services Group ( NASDAQ:HCSG ) reported its first-quarter results on Tuesday, April 17th. As expected, the company once again posted strong revenue growth thanks to its ability to upsell its existing customer base to its dining and nutritional services. However, the company took investors by surprise by recording a large charge related to two of its customer accounts. The net result was that profits fell drastically during the period, and the company barely managed to eek out a profit. Healthcare Services Group first-quarter results: The raw numbers Metric Q1 2018 Q1 2017 Year-Over-Year Change Sales $501.8 million $404.5 million 24% Net income $0.07 million $22.0 million (99%) Earnings per share $0.00 $0.30
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HCSG
News
- Interim report January-March 2024: Medicover [Yahoo! Finance]Yahoo! Finance
- 3 High Insider Ownership Stocks With Minimum 20% Earnings Growth [Yahoo! Finance]Yahoo! Finance
- Healthcare Services Group, Inc. (NASDAQ:HCSG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- HCSG Reports Q1 2024 Results [Yahoo! Finance]Yahoo! Finance
- HCSG Reports Q1 2024 ResultsBusiness Wire
HCSG
Earnings
- 4/24/24 - Beat
HCSG
Sec Filings
- 4/24/24 - Form 8-K
- 4/12/24 - Form PRE
- 4/2/24 - Form 4
- HCSG's page on the SEC website