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AI brief of an SEC Form 8-K · Healthcare Services Group (HCSG)

Healthcare Services Group Q4 net income rises to $22.6 million from $16.2 million

Positive Impact 3 of 5 earnings Written later

Healthcare Services Group reported fourth-quarter 2023 GAAP net income of $22.6 million, or $0.31 per diluted share, up from $16.2 million, or $0.22, a year earlier. GAAP revenue was $423.8 million, roughly flat compared with $424.0 million in the prior-year quarter, and the company expects first-quarter 2024 revenue of $420.0 million to $430.0 million, so shareholders see higher profit on essentially unchanged sales.

Key points

  • Q4 2023 GAAP net income was $22.6 million, or $0.31 per diluted share, versus $16.2 million, or $0.22, in Q4 2022.
  • Q4 2023 GAAP revenue was $423.8 million, compared with $424.0 million in Q4 2022; adjusted revenue was $425.0 million.
  • Q4 2023 adjusted EBITDA was $26.5 million, a 14.2% increase over Q4 2022, and cash flow from operations was $49.5 million.
  • The company estimates first-quarter 2024 revenue in the range of $420.0 million to $430.0 million and repurchased $11.2 million of stock in 2023.

The filing

CompanyHealthcare Services Group (HCSG)
Form8-K, current report
Filed with the SECFeb 14, 2024, 7:06 AM ET
Accession number0000731012-24-000019

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 14, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.