Quarterly ResultJul 24, 2026, 04:08 PM

Healthcare Services Group Q2 Net Income $22.7M, Revenue $470.8M

AI Summary

Healthcare Services Group reported a significant turnaround in Q2 2026, swinging to a net income of $22.7 million, or $0.32 diluted EPS, compared to a net loss in the prior year. Revenues increased by 2.7% to $470.8 million. The company also provided an update on the Employee Retention Credit, noting the expiration of the audit statute of limitations for certain periods following the One Big Beautiful Bill Act.

Key Highlights

Q2 2026 Net Income: $22.7 million, a swing from $(32.4) million loss in Q2 2025.
Q2 2026 Diluted EPS: $0.32, up from $(0.44) in Q2 2025.
Q2 2026 Revenue: $470.8 million, a 2.7% increase from $458.5 million in Q2 2025.
Six-month Net Cash from Operating Activities: $65.6 million, up from $56.3 million.
Six-month Bad Debt Provision: Decreased to $8.1 million from $73.4 million.
Environmental Services Q2 Revenue: $213.2 million, up from $205.7 million.
Deferred Employee Retention Credit (ERC) liability: $12.3 million for Q3 2021.

View SEC Filing

HCSG

Hospital/Nursing Management

HEALTHCARE SERVICES GROUP INC

Price Impact