Healthcare Services Group Reports Third Quarter Results
Healthcare Services Group reported Q3 revenue of $479.6 million, up about 3% year-over-year, with net income of $24.9 million and diluted EPS of $0.36, down from $0.59 a year earlier on lower other income and a higher effective tax rate. The company raised its 2027 revenue growth outlook from mid single-digits to low double-digits and guided Q4 revenue to $535-$545 million, with an NEXDINE Hospitality acquisition ($93.5 million upfront, funded with cash) expected to add over $150 million in annual revenue and be immediately accretive.
Key figures
- Eps
- 0.36
- Revenue
- 479604000
- Guidance
- Q4 revenue $535-$545 million; 2027 revenue growth outlook raised from mid single-digits to low double-digits
- Revenue Yoy
- 3.3%
- Net income
- 24877000
- Q3 buyback
- 11700000
- Ytd buyback
- 56600000
- Adjusted ebitda
- 38560000
- Effective tax rate
- 26.2%
- Dietary services revenue
- 262400000
- Gaap cash from operations
- 30170000
- Genesis recovery estimate
- 6100000
- Nexdine acquisition price
- 93500000
- Unutilized credit facility
- 300000000
- Cash and marketable securities
- 204300000
- Environmental services revenue
- 217200000
- Nexdine expected annual revenue
- over $150 million
- Buyback authorization remaining shares
- 7700000
- Cash from operations ex payroll accrual
- 20679000
AI analysis
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