Latest news with #HealthcareServicesGroup
Yahoo
10-07-2025
- Business
- Yahoo
Healthcare Services Group Slides on Genesis Bankruptcy
Shares of Healthcare Services Group (NASDAQ:HCSG) took an 8% hit after Genesis HealthCare filed for Chapter 11. HCSG still supports 164 Genesis facilities and expects no interruption to food, environmental or laundry services, even as roughly sixty-four million dollars in receivables sits in limbo. Warning! GuruFocus has detected 7 Warning Signs with HCSG. The bankruptcy will trigger a noncash hit of around sixty-two cents per share in Q2 and a small charge next quarter. CEO Ted Wahl says the news stings but won't derail the company's midsingle-digit revenue growth goal or its plan to generate sixty to seventy-five million dollars of operating cash flow this year. All eyes are on HCSG's Q2 report on July 23. Investors will want to see how quickly the company weathers this setback, replaces lost volume and keeps its growth story intact. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
10-07-2025
- Business
- Yahoo
HCSG Provides Update On Client Restructuring, Reiterates 2025 Growth and Cash Flow Expectations
BENSALEM, Pa., July 10, 2025--(BUSINESS WIRE)--Healthcare Services Group, Inc. (NASDAQ:HCSG) today issued the following statement related to the Genesis HealthCare, Inc. ("Genesis") announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Texas on July 9, 2025 (the "Petition Date"). HCSG currently provides services to 164 Genesis facilities. Following the Petition Date, HCSG expects to continue its contractual relationship with those Genesis facilities without disruption in service or payments. As of the Petition Date, the estimated accounts and notes receivable balances of Genesis, net of reserves, were $50.0 million and $14.4 million, respectively. As a result of the Genesis filing, HCSG estimates a second quarter non-cash charge of approximately $0.62 per share and a third quarter non-cash charge of approximately $0.03 to $0.04 per share. Ted Wahl, Chief Executive Officer, stated, "We believe the root causes of this action are specific to Genesis and its legacy debt structure. While Genesis had taken steps to strengthen its financial position, they deemed this a necessary step to move forward as a stronger operator in this industry." Mr. Wahl continued, "Overall industry fundamentals remain strong, highlighted by the multidecade demographic tailwind that is now beginning to work its way into the long-term and post-acute care system. The industry's most recent operating trends remain positive as well, with a steady increase in workforce availability, rising occupancy, and a stable reimbursement environment." Mr. Wahl concluded, "And while the Genesis news and resulting impact on our upcoming reported results is disappointing, our 2025 growth plans and cash flow outlook remain strong. We reiterate our previously shared 2025 expectations of mid-single digit revenue growth and $60.0 to $75.0 million of cash flow from operations (excluding the change in payroll accrual). We are confident that continuing to execute on our strategic priorities, supported by our strong business fundamentals, will enable us to further accelerate growth, while delivering sustainable, profitable results." Conference Call and Upcoming Events HCSG is scheduled to release its results for the quarter ended June 30, 2025, on Wednesday, July 23, 2025, before market opening. In conjunction with its release, the Company will host a conference call that same day at 8:30 a.m. Eastern Time to discuss its results The call may be accessed via phone at 1 (800) 715-9871, Conference ID: 9951274. The call will be simultaneously webcast under the "Events & Presentations" section of the Investor Relations page on the Company's website, A replay of the webcast will also be available on the website for one year following the date of the earnings call. About Healthcare Services Group, Inc. Healthcare Services Group (NASDAQ: HCSG) is a leader in managing housekeeping, laundry, dining, and nutritional services within the healthcare industry. With nearly 50 years of experience, HCSG aims to provide improved operational, regulatory, and financial outcomes for our clients. View source version on Contacts Company Contacts: Theodore WahlPresident and Chief Executive Officer Vikas SinghExecutive Vice President and Chief Financial Officer Matthew J. McKeeChief Communications Officer 215-639-4274investor-relations@
Business Wire
10-07-2025
- Business
- Business Wire
HCSG Provides Update On Client Restructuring, Reiterates 2025 Growth and Cash Flow Expectations
BENSALEM, Pa.--(BUSINESS WIRE)--Healthcare Services Group, Inc. (NASDAQ:HCSG) today issued the following statement related to the Genesis HealthCare, Inc. ('Genesis') announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Texas on July 9, 2025 (the 'Petition Date'). HCSG currently provides services to 164 Genesis facilities. Following the Petition Date, HCSG expects to continue its contractual relationship with those Genesis facilities without disruption in service or payments. As of the Petition Date, the estimated accounts and notes receivable balances of Genesis, net of reserves, were $50.0 million and $14.4 million, respectively. As a result of the Genesis filing, HCSG estimates a second quarter non-cash charge of approximately $0.62 per share and a third quarter non-cash charge of approximately $0.03 to $0.04 per share. Ted Wahl, Chief Executive Officer, stated, 'We believe the root causes of this action are specific to Genesis and its legacy debt structure. While Genesis had taken steps to strengthen its financial position, they deemed this a necessary step to move forward as a stronger operator in this industry.' Mr. Wahl continued, 'Overall industry fundamentals remain strong, highlighted by the multidecade demographic tailwind that is now beginning to work its way into the long-term and post-acute care system. The industry's most recent operating trends remain positive as well, with a steady increase in workforce availability, rising occupancy, and a stable reimbursement environment.' Mr. Wahl concluded, 'And while the Genesis news and resulting impact on our upcoming reported results is disappointing, our 2025 growth plans and cash flow outlook remain strong. We reiterate our previously shared 2025 expectations of mid-single digit revenue growth and $60.0 to $75.0 million of cash flow from operations (excluding the change in payroll accrual). We are confident that continuing to execute on our strategic priorities, supported by our strong business fundamentals, will enable us to further accelerate growth, while delivering sustainable, profitable results.' Conference Call and Upcoming Events HCSG is scheduled to release its results for the quarter ended June 30, 2025, on Wednesday, July 23, 2025, before market opening. In conjunction with its release, the Company will host a conference call that same day at 8:30 a.m. Eastern Time to discuss its results The call may be accessed via phone at 1 (800) 715-9871, Conference ID: 9951274. The call will be simultaneously webcast under the 'Events & Presentations' section of the Investor Relations page on the Company's website, A replay of the webcast will also be available on the website for one year following the date of the earnings call. About Healthcare Services Group, Inc. Healthcare Services Group (NASDAQ: HCSG) is a leader in managing housekeeping, laundry, dining, and nutritional services within the healthcare industry. With nearly 50 years of experience, HCSG aims to provide improved operational, regulatory, and financial outcomes for our clients.
Yahoo
08-07-2025
- Business
- Yahoo
Palm Valley Capital Fund Added Healthcare Services Group (HCSG) in Q2
Palm Valley Capital Management, an investment management firm, released the 'Palm Valley Capital Fund' second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, Palm Valley Capital Fund appreciated 0.82% compared to a 4.90% gain for the S&P SmallCap 600 and a 7.28% rise in the Morningstar Small Cap Total Return Index. Cash was 76.7% of Fund assets at the start of the quarter and 73.6% at the conclusion. Year-to-date, the fund gained 1.39% compared to a 4.46% decline for the S&P SmallCap 600 and a 0.75% rise for the Morningstar Small Cap Index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Palm Valley Capital Fund highlighted stocks such as Healthcare Services Group, Inc. (NASDAQ:HCSG). Headquartered in Bensalem, Pennsylvania, Healthcare Services Group, Inc. (NASDAQ:HCSG) engages in managing housekeeping, laundry, linen, facility maintenance, and dietary services within the healthcare sector. The one-month return of Healthcare Services Group, Inc. (NASDAQ:HCSG) was 1.30%, and its shares gained 41.61% of their value over the last 52 weeks. On July 7, 2025, Healthcare Services Group, Inc. (NASDAQ:HCSG) stock closed at $14.77 per share, with a market capitalization of $1.077 billion. Palm Valley Capital Fund stated the following regarding Healthcare Services Group, Inc. (NASDAQ:HCSG) in its second quarter 2025 investor letter: "The Fund acquired four new names during the second quarter: Healthcare Services Group, Inc. (NASDAQ:HCSG), Chord Energy (ticker: CHRD), RPC (ticker: RES), and Papa John's International (ticker: PZZA). An operator overseeing the linen processing operations at a large care facility. Healthcare Services Group, Inc. (NASDAQ:HCSG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Healthcare Services Group, Inc. (NASDAQ:HCSG) at the end of the first quarter, compared to 20 in the previous quarter. In the first quarter of 2025, Healthcare Services Group, Inc. (NASDAQ:HCSG) reported revenue of $447.7 million, an increase of 5.7% over the prior year. While we acknowledge the potential of Healthcare Services Group, Inc. (NASDAQ:HCSG) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of HCSG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-02-2025
- Business
- Yahoo
Healthcare Services Group Full Year 2024 Earnings: EPS Misses Expectations
Revenue: US$1.72b (up 2.7% from FY 2023). Net income: US$39.5m (up 2.8% from FY 2023). Profit margin: 2.3% (in line with FY 2023). EPS: US$0.54 (up from US$0.52 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Commercial Services industry in the US. Performance of the American Commercial Services industry. The company's shares are down 3.0% from a week ago. It's possible that Healthcare Services Group could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Discover what analysts are forecasting and how the current share price shapes up by clicking here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
