Healthcare Services Group(HCSG) - 2025 Q1 - Quarterly Results

Financial Performance - Revenue for the first quarter was reported at $447.7 million, representing a 5.7% increase compared to the prior year[5] - Net income for the quarter was$ 17.2 million, with diluted earnings per share (EPS) of $0.23[5] - Cash flow from operations, excluding changes in payroll accrual, was$ 32.1 million, an increase of $41.3 million over the prior year[5] - The company reiterated its expectation for mid-single digit revenue growth in 2025[6] Cash Flow and Forecast - The company raised its 2025 cash flow from operations forecast from$ 45.0 to $60.0 million to a new range of$ 60.0 to $75.0 million[5] - Cash and marketable securities totaled$ 143.9 million as of the end of the first quarter[4] Costs and Expenses - Cost of services was reported at $379.7 million, accounting for 84.8% of revenue, with a goal to manage this cost in the 86% range for 2025[6] - Selling, general and administrative (SG&A) expenses were reported at$ 45.0 million, with an adjusted SG&A of $46.4 million, or 10.4% of revenue[6] Shareholder Actions - The company has repurchased approximately$ 7.0 million of common stock during the first quarter, with a total of over $23.0 million repurchased since February 2023[4] Assets - Total assets increased to$ 822.9 million, up from $802.8 million at the end of 2024[17]