Healthcare Services Group (HCSG) Misses Q3 EPS by 2c

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Go back to Healthcare Services Group (HCSG) Misses Q3 EPS by 2c

Healthcare Services Group, Inc. Reports Results for the Three and Nine Months Ended September 30, 2018 and Announces Increased Third Quarter 2018 Cash Dividend

October 16, 2018 5:18 PM EDT

BENSALEM, Pa., Oct. 16, 2018 (GLOBE NEWSWIRE) -- Healthcare Services Group, Inc. (NASDAQ: HCSG) (the Company) reported that revenues for the three months ended September 30, 2018 increased to $507 million compared to $491 million for the same period in 2017. During the quarter the Company adjusted its contractual relationships with two regional customers as well as a number of independent facilities. The Company expects the contract changes to impact housekeeping & laundry revenues by approximately $10 million per quarter (with half of the decrease reflected in the Q3 results), and favorably impact margins.

For the three months ended September... More