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

Healthcare Services Group Q4 revenue rises to $437.8 million; net income falls to $11.9 million

Mixed Impact 3 of 5 earnings Written later

Healthcare Services Group reported fourth-quarter 2024 revenue of $437.8 million, up from $423.8 million a year earlier, but net income fell to $11.9 million from $23.5 million, with diluted EPS of $0.16 versus $0.32. The company guided to mid-single digit revenue growth in 2025 and first-quarter 2025 revenue of $440.0 to $450.0 million, which gives shareholders a near-term outlook alongside a sharp drop in quarterly profit.

Key points

  • Q4 2024 revenue was $437.8 million versus $423.8 million in Q4 2023; net income was $11.9 million versus $23.5 million, inclusive of new business start-up costs.
  • Full-year 2024 revenue was $1.72 billion versus $1.67 billion in 2023; full-year diluted EPS was $0.53 versus $0.52.
  • 2025 outlook: mid-single digit revenue growth, Q1 2025 revenue of $440.0 to $450.0 million, and cash flow from operations excluding the payroll accrual change of $45.0 to $60.0 million.
  • Cash and marketable securities were $135.8 million at year-end, and the company has repurchased over $16.0 million of stock since February 2023.

The filing

CompanyHealthcare Services Group (HCSG)
Form8-K, current report
Filed with the SECFeb 12, 2025, 7:02 AM ET
Accession number0000731012-25-000024

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, 6:58 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 February 12, 2025.

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.