HEALTHCARE SERVICES GROUP INC

Listed Company

HCSGCIK 0000731012NasdaqLarge AcceleratedServices-Nursing & Personal Care FacilitiesPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

$1.84B

Net Income

$59.06M

Total Assets

$794.25M

Equity

$510.21M

Shares Out

68.65M

Op. Cash Flow

$144.97M

Business

Healthcare Services Group, Inc. provides management, administrative and operating expertise for housekeeping, laundry, linen, facility maintenance and dietary departments of healthcare facilities. It offers full-service and management-only agreements that deliver cleaning, disinfecting, laundering and linen processing, meal planning and preparation, professional dietitian and clinical consulting services, supply procurement, training and on-site management. The company operates through two reportable segments — Housekeeping and Dietary — with centralized corporate financial, legal and human resources support. It serves long-term care, post-acute and hospital facilities across the continental United States through sales teams, referrals and industry channels.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,837	1,716	1,671	1,690	1,642
Costs of services provided	1,598	1,488	1,457	1,497	1,411
Selling, general and administrative expenses	191	183	167	140	173
Investment and other income, net	21	14	13	−5	9
Interest expense	−2	−6	−8	−3	−1
Income before taxes	68	53	53	45	66
Income tax provision	9	13	15	10	17
Net income	59	39	38	34	49
Basic earnings per common share (in dollars per share)	0.82	0.54	0.52	0.46	0.65
Diluted earnings per common share (in dollars per share)	0.81	0.53	0.52	0.46	0.65
Basic (in shares)	72	74	74	74	75
Diluted (in shares)	73	74	74	74	75
Unrealized gain on available-for-sale marketable securities, net of taxes	2	−473,000	2	−7	−2
Total comprehensive income	61	39	40	27	47

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	125	57	54	26	—
Restricted cash equivalents	6	3	0	—	—
Marketable securities, at fair value	43	51	93	95	114
Restricted marketable securities, at fair value	30	25	0	—	—
Accounts receivable (less allowances: $119,305 and $87,520)	281	331	345	—	—
Notes receivable shortterm portion (less allowances: $25,931 and $10,372)	31	51	39	28	—
Inventories and supplies	17	17	18	21	26
Income taxes receivable	22	0	0	7	9
Prepaid expenses and other current assets	21	22	22	23	33
Total current assets	576	557	572	509	546
Property and equipment, net	28	28	29	23	28
Goodwill	80	76	76	76	75
Other intangible assets (less accumulated amortization of $42,931 and $39,242)	7	9	12	16	21
Notes receivable longterm portion (less allowances: $1,776 and $2,890)	25	41	25	33	29
Deferred compensation funding, at fair value	56	50	41	33	47
Deferred tax assets	18	38	35	31	32
Other long-term assets	4	4	2	812,000	0
Total assets	794	803	791	721	780
Accounts payable	77	81	83	68	64
Accrued payroll and related taxes	31	52	56	53	69
Other accrued expenses and current liabilities	37	26	21	18	27
Income taxes payable	0	8	7	0	—
Accrued insurance claims	24	25	23	23	24
Total current liabilities	170	193	217	189	191
Accrued insurance claims long-term	46	52	62	66	65
Deferred compensation liability long-term	56	50	41	34	47
Lease liability long-term	10	8	11	8	11
Other long-term liabilities	2	385,000	3	6	10
Commitments and contingencies (Note 17)	—	—	—	—	—
Common stock, $0.01 par value; 200,000 shares authorized; 76,821 and 76,533 shares issued, and 69,596 and 73,203 shares outstanding	768,000	765,000	763,000	762,000	760,000
Additional paid-in capital	328	318	310	302	294
Retained earnings	284	225	185	147	184
Accumulated other comprehensive loss, net of taxes	−448,000	−2	−2	−3	4
Common stock in treasury, at cost; 7,225 and 3,330 shares	−102	−41	−38	−28	−30
Total stockholders equity	510	500	457	418	445
Total liabilities and stockholders equity	794	803	791	721	778

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	17	15	14	15	15
Bad debt provision	83	47	36	32	10
Deferred income taxes	19	−3	−5	—	—
Share-based compensation expense	12	9	9	9	9
Amortization of premium on marketable securities	295,000	2	2	2	2
Unrealized gain on deferred compensation fund investments	−7	−8	−7	9	−6
Changes in other long-term liabilities	−384,000	−564,000	−1	−2	0
Net loss on disposals of property and equipment	422,000	654,000	818,000	1	1
Share of loss from equity method investment	2	532,000	0	0	—
Accounts and notes receivable	5	−62	−75	−79	−37
Inventories and supplies	−48,000	2	3	5	6
Prepaid expenses and other assets	3	704,000	13	10	−12
Deferred compensation funding	318,000	−534,000	−674,000	4	7
Accounts payable and other accrued expenses and current liabilities	−12	−10	7	−14	10
Deferred ERC Credits	12	0	0	—	—
Accrued payroll and related taxes	−19	−4	4	−24	−26
Income taxes receivable (payable)	−31	1	572,000	2	−8
Accrued insurance claims	−7	−7	−4	−687,000	7
Deferred compensation liability	7	9	8	−18	7
Net cash from operating activities	145	31	43	−8	37
Proceeds from disposals of property and equipment	105,000	211,000	121,000	393,000	211,000
Additions to property and equipment	−6	−6	−5	−5	−6
Cash paid for acquisition	−7	0	0	−114,000	−24
Cash paid for investments	−3	−3	0	0	—
Purchases of marketable securities	−19	−52	0	−3	−20
Sales of marketable securities	23	67	2	10	27
Net cash from investing activities	−11	6	−3	3	−23
Purchases of treasury stock	−62	−5	−11	0	−22
Repayments of short-term borrowings	0	−25	0	25	0
Payments of statutory withholding on net issuance of common stock	−2	−1	−871,000	—	—
Net cash from financing activities	−63	−31	−12	−39	−83
Net increase in cash, cash equivalents, and restricted cash equivalents	71	6	28	−45	−69
Cash paid for interest	2	6	8	3	1

Filings

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