NASDAQ$HCSG

Healthcare Services Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported Q4 2022 results, achieved direct cost target, and rebalanced capital allocation strategy.

Healthcare Services Group reported Q4 2022 revenue of $424.0 million and net income of $16.2 million, or $0.22 per basic and diluted common share. The company's Board of Directors has suspended the quarterly cash dividend and authorized the repurchase of up to 7.5 million shares of its common stock.

  • Revenue for the quarter was reported at $424.0 million.
  • Housekeeping & laundry and dining & nutrition segment revenues of $198.0 million and $226.0 million, respectively.
  • Housekeeping & laundry and dining & nutrition segment margins were 8.7% and 4.3%, respectively.
  • Direct cost of services was reported at $366.8 million, or 86.5%.

Headline financials

Total Revenue

$424M

Previous: $420M+0.8%
EPS (adj)

$0.22

Previous: $0.03+633.3%
Capital Expenditures

$1.07M

Previous: $1.49M-28.1%
Free Cash Flow

$21.8M

Previous: $29.9M-27.0%
Net Income

$16.2M

Previous: $2.11M+669.6%
Operating Income

$17.7M

Previous: -$1.07M+1748.3%
Gross Profit

$57.2M

Previous: $43.2M+32.4%
Cash & Equivalents

$26.3M

Previous: $70.8M-62.9%
Total Assets

$718M

Previous: $778M-7.6%
Stock-Based Comp

$2.06M

Previous: $1.86M+10.7%

Revenue & EPS history

HCSG · Revenue · Quarterly

$424M

Q4 2022+0.8%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The Company expects a 2023 tax rate of 24% to 26%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+1.0%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-2.3%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+31.3%

Q4 2023

Best reaction

-23.2%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+18.4%+12.1%+5.6%
Q4 2025+15.8%+12.2%+1.6%
Q3 2025+13.6%+14.3%+8.4%
Q2 2025-1.2%+0.8%+4.9%
Q1 2025+29.5%+46.5%+50.9%
Q4 2024-1.8%-0.6%+0.1%
Q3 2024+4.0%+6.4%+13.5%
Q2 2024-9.1%-2.6%-8.1%
Q1 2024-7.9%-9.1%-9.6%
Q4 2023+31.3%+28.6%+27.9%
Q3 2023-1.9%-6.3%+1.0%
Q2 2023-14.9%-14.2%-20.4%
Q1 2023+9.6%+10.2%+2.3%
Q4 2022+7.1%+13.4%+1.1%
Q3 2022-2.5%-2.8%+2.8%
Q2 2022-23.2%-23.2%-20.3%
Q1 2022+19.2%+10.1%+1.1%
Q4 2021-0.9%-3.6%+4.3%
Q3 2021-13.7%-14.3%-20.2%
Q2 2021-12.4%-13.7%-17.4%
Q1 2021+11.6%+13.5%+9.5%
Q4 2020-7.8%-9.4%-13.0%
Q3 2020+2.5%-0.2%-1.8%
Q2 2020-3.0%-2.9%-19.2%
Q1 2020+9.2%+8.5%+0.6%
Q4 2019+9.0%+10.6%-24.6%
Q3 2019-5.6%-4.1%-3.3%
Q2 2019-21.9%-17.5%-26.4%
Q1 2019-4.9%+1.4%-6.7%
Q4 2018-6.1%-6.7%-18.9%
Q3 2018+4.3%+5.6%+9.1%
Q2 2018-9.9%-7.7%-3.8%
Q1 2018-5.3%-2.8%-8.9%
Q4 2017-1.5%-4.0%-19.0%
Q3 2017-4.6%-3.4%-8.5%
Q2 2017+12.2%+14.1%+10.7%
Q1 2017+10.1%+8.5%+10.8%
Q4 2016+0.1%+3.4%+6.1%
Q3 2016-3.5%-4.7%-8.4%
Q2 2016-6.2%-7.2%-5.3%
Q1 2016+2.2%
Q4 2015-1.9%
Q3 2015-2.4%
Q2 2015-0.3%
Q1 2015+2.8%
Q4 2014+1.3%
Q3 2014+2.8%
Q2 2014-4.2%
Q1 2014+4.8%
Q4 2013+0.0%
Q3 2013-2.0%
Q2 2013+0.4%
Q1 2013+0.7%
Q4 2012-0.8%
Q3 2012-3.9%
Q2 2012+6.7%
Q1 2012+6.0%
Q4 2011+0.0%
Q3 2011+4.2%
Q2 2011-3.3%
Q1 2010-0.2%
Q1 2011+2.0%
Q4 2008+0.9%
Q4 2010+0.9%
Q3 2009-0.2%
Q3 2010-0.2%
Q2 2009+4.1%
Q2 2010+4.1%
Q4 2009+4.1%

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