UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 0-12015 HEALTHCARE SERVICES GROUP, INC. (Exact name of registrant as specified in its charter) (State or ...

Healthcare Services Group, Inc. (NASDAQ:HCSG) Q4 2022 Earnings Conference Call February 15, 2023 8:30 AM ET Company Participants Ted Wahl - President and CEO Matt McKee - Chief Communications Officer Conference Call Participants Sean Dodge - RBC Capital Markets Tao Qiu - Stifel Andy Wittmann - Baird A.J. Rice - Credit Suisse Jack Melick - William Blair Taji Phillips - Jefferies Operator Good morning, and welcome to the Healthcare Services Group 2022 Annual Earnings Call. At this time, all lines are in liste ...

Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-12015 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 HEALTHCARE SERVICES GROUP, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-2018365 (State or oth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-12015 HEALTHCARE SERVICES GROUP, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-2018365 (State or ot ...

Financial Data and Key Metrics Changes - Revenue for Q1 2022 was reported at $426.8 million, with direct cost of services at $373.3 million, representing 87.5% of revenue, which is above the historical target of 86% [10][13] - Net income for the quarter was $11.3 million, translating to earnings of $0.15 per share [13] - Cash outflow from operations was $30.2 million, primarily due to a $27.2 million increase in accounts receivable and a $24.9 million increase in accrued payroll [13][91] Business Line Data and Key Metrics Changes - Housekeeping and laundry segment revenues were $201.7 million, while dining and nutrition segment revenues were $225.1 million [10] - Segment margins for housekeeping and laundry were 10.1%, and for dining and nutrition, they were 4.2% [11] Market Data and Key Metrics Changes - The company noted positive facility census trends, with occupancy increasing from 72.5% to 73.6% over an eight-week period [72] - The company expects to exit the year with cost of services aligned with the historical target of 86% [7][102] Company Strategy and Development Direction - The company is focused on modifying service agreements to account for inflation and aims to complete these modifications by the end of Q2 2022 [7][102] - There is an emphasis on operational efficiency and management development to support business growth [48][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth outlook, citing favorable demographics and the value proposition of their services [9] - The company is actively engaged with clients to address inflation-related issues and is optimistic about achieving their financial targets [24][70] Other Important Information - The board approved an increase in the dividend to $0.2125 per share, marking the 76th consecutive cash dividend payment [15][16] - The company is not actively pursuing M&A opportunities but remains open to opportunistic acquisitions, particularly in the education space [76][78] Q&A Session Summary Question: Progress on service contract modifications - Management indicated that they are making good progress on modifying service agreements, with a goal to exit the year with cost of services at 86% [24][70] Question: One-time impacts on margins - Management clarified that there were no significant one-time impacts on margins for the quarter, attributing improvements to operational efficiencies [26] Question: Impact of food costs and supplemental billing revenue - Management noted that there was no benefit from supplemental billing revenue and discussed the lag in food cost adjustments due to inflation [33][84] Question: DSO and client payment ability - Management stated that while there are challenges, they have not seen systematic issues with client payments, attributing the increase in DSO primarily to timing [40][96] Question: Genesis contract pricing modifications - Management confirmed that the sunsetting of pricing adjustments contributed approximately $2.5 million in Q1 [44] Question: Management development and staffing - Management emphasized the importance of management development and noted that they are focused on recruiting and training to support business operations [48][49] Question: Client pushback on price increases - Management acknowledged that while there is some pushback from clients, most recognize the increased costs of doing business and appreciate the value of their partnership [57][61] Question: Dividend philosophy and cash balances - Management reiterated that dividend decisions are evaluated quarterly, with a focus on sustainability and organic growth as priorities [98]

Healthcare Services Group, Inc. (NASDAQ:HCSG) Q2 2021 Results Conference Call July 21, 2021 8:30 AM ET Company Participants Ted Wahl - President and CEO Matt McKee - Head of Corporate Communications Conference Call Participants Nat Putnam - Credit Suisse Thomas Keller - RBC Capital Markets Andrew Wittmann - Baird Nick Spiekhout - William Blair Jack Slevin - Jefferies Mitra Ramgopal - Sidoti Tao Qiu - Stifel Operator The matters discussed on today's conference call include forward-looking statements about th ...

Revenue Performance - Consolidated revenues decreased by 9.2% to $407.8 million for the three months ended March 31, 2021, compared to $449.2 million for the same period in 2020[149]. - Housekeeping revenues decreased by 4.1% to $215.1 million, while Dietary revenues decreased by 14.3% to $192.7 million for the three months ended March 31, 2021[150]. - COVID-19 supplemental billings contributed $3.9 million to revenues for the quarter ended March 31, 2021, primarily related to employee pay premiums[134]. Cost Management - Consolidated costs of services provided decreased by 13.1% to $336.6 million for the three months ended March 31, 2021, compared to $387.2 million for the same period in 2020[151]. - The costs of services provided for Housekeeping decreased to 86.9% of Housekeeping revenues, down from 89.3% in the corresponding period in 2020[153]. - Dietary labor and other labor-related costs were 63.4% of Dietary revenues for the three months ended March 31, 2021, a slight decrease from 63.6% in the same period in 2020[154]. Expenses - Selling, general and administrative expenses increased by $2.9 million or 8.1% for the three months ended March 31, 2021, primarily due to increased payroll costs and higher legal fees[156]. - Selling, general and administrative expenses increased by 33.2% to $39.987 million for the three months ended March 31, 2021, compared to $30.017 million in the same period of 2020[157]. Financial Position - Cash, cash equivalents, and marketable securities totaled $249.4 million at March 31, 2021, down from $264.3 million at December 31, 2020[162]. - The company has a $475 million bank line of credit with no borrowings as of March 31, 2021, and is in compliance with its financial covenants[171][172]. - The company remains authorized to repurchase 1.7 million shares of common stock, having purchased 9,000 shares for a total cost of $259,000 after March 31, 2021[170]. Income and Taxation - Investment and other income rose by 144.9% to $2.2 million for the three months ended March 31, 2021, primarily due to market fluctuations in trading security investments[158]. - Consolidated interest expense decreased by 2.7% to $0.4 million for the three months ended March 31, 2021, due to fewer interquarter borrowings[159]. - The provision for income taxes was $8.3 million with a 25.2% effective tax rate for the three months ended March 31, 2021, compared to $6.6 million and a 24.6% effective tax rate in the same period of 2020[160]. Cash Flow - Net cash provided by operating activities was $3.502 million for the three months ended March 31, 2021, compared to $12.688 million in the same period of 2020[163]. - The company expects to continue paying regular quarterly cash dividends, having paid $15.5 million in dividends during the first quarter of 2021[168]. Litigation and Risks - The Company is actively defending against all ongoing litigation claims, which may result in substantial costs and affect business conditions[192]. - Uncertainties from pending lawsuits could lead to increased volatility and a potential reduction in the Company's stock price[192]. - The ultimate outcome of litigation matters could materially impact the Company's results of operations depending on the size of the loss or liability and the level of operating income[193]. Capital Expenditures - Capital expenditures for 2021 are estimated to be between $4.0 million and $6.0 million, with $0.9 million spent through March 31, 2021[176]. Liquidity - The company maintained operating cash flows to meet short-term liquidity needs and did not observe material impairments of assets due to the COVID-19 pandemic[136].

Financial Data and Key Metrics Changes - Revenue for Q1 2021 was reported at $407.8 million, with net income at $24.7 million and earnings per share at $0.33 [15][16] - Direct cost of services was $336.6 million, representing 82.6% of revenue, which is below the historical target of 86% [16] - SG&A expenses were reported at $40 million, or 9.8%, but adjusted for deferred compensation, actual SG&A was $38.7 million, or 9.5% [16][17] - Cash flow from operations for the quarter was $3.5 million, including a $30.7 million decrease in accrued payroll [19] Business Line Data and Key Metrics Changes - Housekeeping & laundry segment revenues were $215 million, while dining & nutrition segment revenues were $192.8 million [15] - Margins for housekeeping & laundry and dining & nutrition segments were reported at 13.1% and 10.4%, respectively [16] Market Data and Key Metrics Changes - The vaccine rollout has led to a significant drop in new COVID cases among patients and residents, decreasing over 90% from Q4 to Q1 [9][10] - Stabilization in occupancy levels has been observed, which is seen as a positive indicator for recovery [10][31] Company Strategy and Development Direction - The company anticipates a gradual recovery over the next 12 to 18 months, with ongoing federal and state support being crucial [10][11] - The focus remains on managing costs efficiently while preparing for potential growth opportunities in the latter half of the year [12][28] - The company is exploring new business opportunities, particularly in cross-selling dining services to existing clients [67][68] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recovery, citing the vaccine's impact and the stabilization of occupancy as key factors [10][31] - The company is closely monitoring federal and state funding actions that could affect financial stability [94] - There is confidence in retaining a high percentage of business during customer transitions, with a historical retention rate of over 90% [82] Other Important Information - The company announced an increase in the dividend to $0.2075 per share, marking the 72nd consecutive cash dividend payment [21][22] - The ongoing SEC investigation remains a concern, but discussions for resolution are in progress [13][6] Q&A Session Summary Question: What are the drivers behind the margin improvement? - Management highlighted efficient cost management and the expectation of maintaining some margin improvements despite potential inefficiencies as growth resumes [26][28] Question: What needs to happen for revenue growth to resume in the second half of the year? - Management indicated that stabilization in census levels and ongoing vaccination efforts are critical for recovery [31][32] Question: How is the relationship with Genesis, the largest customer, affecting growth outlook? - The partnership remains strong, and management expects to retain business even as Genesis divests facilities [39][42] Question: What is the outlook on bad debt expense given the repayment of advance Medicare payments? - Management expressed confidence in the collection process and indicated that they are monitoring the situation closely [44][95] Question: What is the company's approach to new business opportunities amid industry deconsolidation? - Management emphasized a bottoms-up approach to business development, focusing on local relationships and operational execution [87]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 0-12015 HEALTHCARE SERVICES GROUP, INC. (Exact name of registrant as specified in its charter) (State or ...

Healthcare Services Group, Inc. (NASDAQ:HCSG) Q4 2020 Earnings Conference Call February 10, 2021 8:30 AM ET Company Participants Ted Wahl - President and Chief Executive Officer Matt McKee - Chief Communications Officer Conference Call Participants A.J. Rice - Credit Suisse Sean Dodge - RBC Capital Markets Nick Spiekhout - William Blair Bill Sutherland - The Benchmark Company Brian Tanquilut - Jefferies Mitra Ramgopal - Sidoti & Company Operator The matters discussed on today's conference call include forwa ...