Healthcare Services Group (HCSG) Raises Quarterly Dividend 0.6% to $0.1975; 2.3% Yield

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Go back to Healthcare Services Group (HCSG) Raises Quarterly Dividend 0.6% to $0.1975; 2.3% Yield

Healthcare Services Group, Inc. Reports Q1 Results, Cash Dividend Increase and 2019 Expectations

April 30, 2019 5:19 PM EDT

BENSALEM, Pa., April 30, 2019 (GLOBE NEWSWIRE) -- Healthcare Services Group, Inc. (NASDAQ: HCSG) (the Company) reported for the three months ended March 31, 2019 revenue of $476 million and net income of $9.2 million or $0.12 per basic and $0.12 per diluted common share. The Company also reported cash flow from operations for the quarter of $18 million.

First Quarter Results

Revenue for the quarter was down $19 million sequentially to $476 million. Dining & nutrition revenue decreased $14 million to $243 million, primarily related to the previously announced 4Q18 contract modifications with Genesis Healthcare®. The contract changes decreased segment... More