Healthcare Services Group (HCSG) Tops Q1 EPS by 1c, Revenues Beat

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Go back to Healthcare Services Group (HCSG) Tops Q1 EPS by 1c, Revenues Beat

Healthcare Services Group, Inc. Reports Q1 2020 Results

April 21, 2020 4:05 PM EDT

BENSALEM, PA--(BUSINESS WIRE)-- Healthcare Services Group, Inc. (NASDAQ: HCSG) (the Company) reported for the three months ended March 31, 2020 revenue of $449.2 million, net income of $20.2 million, or $0.27 per basic and diluted common share, and cash flow from operations of $12.7 million. Additionally, the Companys Board of Directors declared a quarterly cash dividend of $0.2025 per common share, the 67th consecutive increase since the initiation of dividend payments in 2003.

Ted Wahl, Chief Executive Officer, stated, COVID-19 quickly became the dominant theme during the quarter. The pace at which the virus presented and altered operational protocol... More