HCSG Q1 net income rises to $15.3 million on $423.4 million revenue
Healthcare Services Group reported first-quarter 2024 results on April 24, 2024. Revenue rose to $423.4 million from $417.2 million, net income rose to $15.3 million from $11.7 million, and diluted EPS was $0.21 versus $0.16 a year earlier. The company reiterated its 2024 adjusted cash flow range of $40.0 million to $55.0 million, but said the February Change Healthcare cyberattack disrupted customer collections during the quarter.
Key points
- Revenue of $423.4 million compared with $417.2 million in the first quarter of 2023
- Net income of $15.3 million and diluted EPS of $0.21, versus $11.7 million and $0.16 a year earlier
- Cash flows used in operating activities were $26.0 million for the quarter
- 2024 adjusted cash flow from operations range of $40.0 million to $55.0 million reiterated
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 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 April 24, 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.