Healthcare Services Group, Inc. Provides Update on First Quarter Results
Healthcare Services Group, Inc. (HCSG)
Last healthcare services group, inc. earnings: 2/11 04:48 pm
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US:NASDAQ Investor Relations:
hcsg.client.shareholder.com
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Source: GlobeNewswire
BENSALEM, Pa., April 16, 2018 (GLOBE NEWSWIRE) -- Healthcare Services Group, Inc. (NASDAQ:HCSG) today announced that in the first quarter of 2018, the company increased its accounts receivable allowance primarily related to the corporate restructurings of two privately-held, multi-state operators. The company expects the corresponding expense to unfavorably impact 1Q2018 EPS by $0.36-$0.38/share. In conjunction with those restructurings, the company renegotiated certain financial terms and conditions, including accelerated payments. Accordingly, the company expects no impact on future revenue, net income or EPS. The company also announced it achieved key operational and financial milestones related to the 2Q2017 dining & nutrition expansion with Genesis HealthCare and converted approximately $25 million of accounts receivable to notes receivable. This aligns with the company’s strategy to proactively strengthen customer payment obligations and further enhance its position within
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HCSG
Earnings
- 4/24/24 - Beat
HCSG
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form 10-Q
- 4/26/24 - Form ARS
- HCSG's page on the SEC website