Healthy Demand For Home-Based Care Products Propel Healthcare Logistics Firm Owens & Minor's Q4 Performance [Yahoo! Finance]
Healthcare Services Group, Inc. (HCSG)
Last healthcare services group, inc. earnings: 2/11 04:48 pm
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Source: Yahoo! Finance
Patient Direct revenue of $664 million increased 8% Y/Y from strong growth in several product categories. Products & Healthcare Services revenue of nearly $2 billion, up 3% compared to the fourth quarter of 2022, with growth in both the Medical Distribution and Global Products divisions. Owens & Minor's f ourth quarter operating income was $60 million, and adjusted operating income was $111 million, thanks to larger income contributions from the Patient Direct segment. “Our Patient Direct segment continued to outperform the market, showcasing the ongoing effectiveness of our go-to-market strategies on top of the healthy demand for home-based care. Our Products and Healthcare Services segment displayed meaningful sequential revenue and profit improvements resulting from our intense focus and execution of our strategic initiatives,” said Edward A. Pesicka, President and CEO. The company generated $112 million of operating cash flow in the fourth quarter, driven by strong workin
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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