HCSG三季度EPS大幅高于预期，并将2027年收入增长展望由中个位数上调至低双位数

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 21, 2026
HEALTHCARE SERVICES GROUP, INC.
(Exact name of registrant as specified in its charter)
Commission File Number:
0-12015
Pennsylvania
23-2018365
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification number)
3220 Tillman Drive
,
Suite 300
,
Bensalem
,
Pennsylvania
(Address of principal executive office)
19020
(Zip Code)
Registrant's telephone number, including area code:
215
-
639-4274
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
(
☐
)    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
(
☐
)    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
(
☐
)    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
(
☐
)    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value
HCSG
NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o
Item 2.02
Results of Operations and Financial Condition.
On October 21, 2026, Healthcare Services Group, Inc. (the "Company") issued a press release (the "Press Release") announcing its earnings for the three months ended September 30, 2026. A copy of the Press Release is being furnished hereto as Exhibit 99.1 and is hereby incorporated by reference to this Current Report.
The information furnished herein, including Exhibit 99.1 shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01
Financial Statements and Exhibits.
( a )    Not applicable
( b )    Not applicable
( c )    Not applicable
( d )    Exhibits.
Exhibit Number
Description
99.1
Press Release and financial tables dated October 21, 2026, issued by Healthcare Services Group, Inc.
104
Cover page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HEALTHCARE SERVICES GROUP, INC.
Date: October 21, 2026
By:
/s/ Vikas Singh
Name: Vikas Singh
Title: Executive Vice President & Chief Financial Officer

----- ex99-2026xq3xpressrelease.htm -----
EX-99.1
2
ex99-2026xq3xpressrelease.htm
EX-99.1
Document
Exhibit 99.1
Healthcare Services Group
Reports Third Quarter Results
Delivers Strong Results
Raises 2027 Growth Expectations
•
Revenue of $479.6 million
•
Net income and diluted EPS of $24.9 million and $0.36
•
Cash flow from operations of $30.2 million; cash flow from operations, excluding the change in payroll accrual, of $20.7 million
•
Expands footprint in senior living and hospitality markets through the acquisition of NEXDINE Hospitality
•
Raises 2027 revenue growth outlook from mid single-digits to low double-digits
BENSALEM, PA--(BUSINESS WIRE)-- Healthcare Services Group, Inc. (NASDAQ: HCSG) today reported results for the three months ended September 30, 2026.
Ted Wahl, Chief Executive Officer, stated, “Our strong third quarter results reflect the underlying strength of our business fundamentals and disciplined operational execution. The organic growth inflection we planned for, and are now delivering, sets the stage for fourth quarter revenue in the range of $535 to $545 million and low double-digit top-line growth in 2027.”
Mr. Wahl continued, “Our acquisition of NEXDINE Hospitality in early October represents a significant milestone, deepening our health and hospitality services capabilities and unlocking new growth pathways in senior living and hospitality-driven markets. We are excited to partner with the NEXDINE team in their next phase of growth and innovation.”
Mr. Wahl concluded, “Looking ahead, the strong demand for our services, our expanded operational expertise, and extraordinary team members give us great confidence in our growth trajectory across healthcare, senior living, and campus environments. With the industry at the beginning of a multi-decade demographic tailwind, our unified health and hospitality services platform strategically positions us to fulfill our Vision and drive sustained long-term value creation for our shareholders.”
Third Quarter Results
•
Revenue was reported at $479.6 million.
◦
Segment revenues and margins for Environmental and Dietary Services were reported at $217.2 million and 13.3% and $262.4 million and 8.7%, respectively.
•
Cost of services was reported at $399.2 million or 83.2%.
◦
The Company’s goal is to manage cost of services in the 86% range.
•
SG&A was reported at $48.5 million. After adjusting for the $0.6 million decrease in deferred compensation, SG&A was $49.1 million or 10.2%.
◦
The Company’s goal is to manage SG&A in the 9.5% to 10.5% range, with the longer-term goal of managing those costs into the 8.5% to 9.5% range.
•
Effective tax rate was reported at 26.2%.
◦
The Company expects its full-year effective tax rate to be approximately 25.0%.
•
Net income and diluted EPS were reported at $24.9 million and $0.36, respectively.
Balance Sheet and Liquidity
The Company’s primary sources of liquidity remain cash flow from operating activities, cash and cash equivalents, and its revolving credit facility. Cash flow from operations was reported at $30.2 million.
1
Exhibit 99.1
After adjusting for the $9.5 million increase in the payroll accrual, cash flow from operations was $20.7 million. As of the end of the third quarter, the Company had cash and marketable securities of $204.3 million and an unutilized $300.0 million credit facility.
NEXDINE Hospitality Acquisition
On October 6, 2026, the Company completed the acquisition of NEXDINE Hospitality for an upfront purchase price of $93.5 million, funded with cash on hand. NEXDINE will continue to operate as a wholly-owned subsidiary of HCSG, retaining its brand identity and leadership team, and is expected to contribute over $150 million in annual revenue at comparable margins to the Company’s while being immediately accretive to earnings.
Genesis Bankruptcy Update
As a result of recent key developments in the Genesis Bankruptcy case, including the court approved sale of Genesis to 101 W. State Street on October 14, 2026, the Company recorded an estimated recovery of $6.1 million. There remains a substantially higher potential upper-range recovery, subject to certain variables and contingencies. The resolution of such variables and contingencies are not known and cannot be reasonably estimated at this time.
Share Repurchases
Under its February 2026 plan to repurchase $75.0 million of common stock through January 2027, the Company repurchased $11.7 million of common stock during the third quarter. Year to date, the Company has repurchased $56.6 million of common stock and has 7.7 million shares remaining under its authorization.
Conference Call and Upcoming Events
The Company will host a conference call on Wednesday, October 21, 2026, at 8:30 a.m. Eastern Time to discuss its results for the three months ended September 30, 2026. The call may be accessed via phone at (833) 461-5787, Conference ID: 231251110. The call will be simultaneously webcast under the "Events & Presentations" section of the Investor Relations page on the Company’s website, www.hcsg.com. A replay of the webcast will be available on the website for one year following the date of the earnings call.
The Company will be attending and presenting at the UBS Global Healthcare Conference on November 9 in Palm Beach Gardens, FL. The Company will also be attending and presenting at the Stephens Annual Investment Conference on November 18 in Nashville, TN. Additionally, the Company will be attending and presenting at the 9th Annual Evercore Healthcare Conference on December 1 in Coral Gables, FL.
About Healthcare Services Group, Inc.
Healthcare Services Group, Inc. (NASDAQ: HCSG) is a premier health and hospitality services platform offering comprehensive solutions across healthcare, senior living, and campus environments. With 50 years of experience, HCSG and its family of brands deliver operational excellence, an enhanced customer experience, and specialized environmental and culinary expertise for its client-partners nationwide.
2
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This release and any schedules incorporated by reference into it may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are not historical facts but rather are based on current expectations, estimates and projections about our business and industry, and our beliefs and assumptions. Words such as “believes,” “anticipates,” “plans,” “expects,” “estimates,” “will,” “goal,” “intend” and similar expressions are intended to identify forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation by us that any of our plans will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking information is also subject to various risks and uncertainties. Such risks and uncertainties include, but are not limited to, risks arising from our providing services primarily to the healthcare industry and primarily providers of long-term care; credit and collection risks associated with the healthcare industry; the impact of bank failures; our claims experience related to workers’ compensation, general liability and other insurance programs; the effects of changes in, or interpretations of laws and regulations governing the healthcare industry, our workforce and services provided, including state and local regulations pertaining to the taxability of our services and other labor-related matters such as minimum wage increases; the Company's expectations with respect to selling, general, and administrative expense; the impacts of past or future cyber attacks or breaches; global events including ongoing international conflicts and increased energy prices;
and the risk factors described in Part I of our Form 10-K for the fiscal year ended December 31, 2025 under “Government Regulation of Customers,” “Service Agreements and Collections,” and “Competition” and under Item 1A. “Risk Factors” in such Form 10-K.
These factors, in addition to delays in payments from customers and/or customers undergoing restructurings, have resulted in, and could continue to result in, significant additional bad debts in the near future. Additionally, our operating results have been in the past and could in the future be adversely affected by continued inflation particularly if increases in the costs of labor and labor-related costs, materials, supplies and equipment used in performing services (including the impact of potential tariffs) cannot be passed on to our customers.
In addition, we believe that to improve our financial performance we must continue to obtain service agreements with new customers, retain and provide new services to existing customers, achieve modest price increases on current service agreements with existing customers and/or maintain internal cost reduction strategies at our various operational levels. Furthermore, we believe that our ability to sustain the internal development of managerial personnel is an important factor impacting future operating results and the successful execution of our projected growth strategies. There can be no assurance that we will be successful in that regard.
USE OF NON-GAAP FINANCIAL INFORMATION
To supplement HCSG’s consolidated financial information, which are prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), the Company believes that certain non-GAAP financial measures are useful in evaluating operating performance and comparing such performance to other companies.
The Company presents cash flow from operations (excluding the change in payroll accrual), earnings before interest, taxes, depreciation and amortization (“EBITDA”) and EBITDA excluding items impacting comparability (“Adjusted EBITDA”). We cannot provide a reconciliation of forward-looking non-GAAP measures to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. The presentation of non-GAAP financial measures is not meant to be considered in isolation or as a substitute for financial statements prepared in accordance with GAAP.
Company Contacts:
Theodore Wahl
President and Chief Executive Officer
Vikas Singh
Executive Vice President and Chief Financial Officer
Matthew J. McKee
Chief Communications Officer
215-639-4274
investor-relations@hcsgcorp.com
3
HEALTHCARE SERVICES GROUP, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(in thousands, except per share data)
For the Three Months Ended
For the Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
Revenue
$
479,604
$
464,338
$
1,413,178
$
1,370,491
Operating costs and expenses:
Cost of services
399,215
367,933
1,182,161
1,203,157
Selling, general and administrative
48,452
50,541
143,034
144,670
Income from operations
31,937
45,864
87,983
22,664
Other income, net
1,791
11,444
11,289
16,650
Income before income taxes
33,728
57,308
99,272
39,314
Income tax provision
8,851
14,355
25,639
11,499
Net income
$
24,877
$
42,953
$
73,633
$
27,815
Net income per common share
Basic
$
0.37
$
0.59
$
1.07
$
0.38
Diluted
$
0.36
$
0.59
$
1.05
$
0.38
Weighted-average common shares outstanding
Basic
68,005
72,237
68,873
73,019
Diluted
69,379
72,966
70,110
73,505
4
HEALTHCARE SERVICES GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands)
September 30, 2026
December 31, 2025
Cash and cash equivalents
$
134,598
$
125,189
Restricted cash equivalents
115
5,577
Marketable securities, at fair value
34,223
42,774
Restricted marketable securities, at fair value
35,367
30,352
Accounts receivable, net
309,595
281,303
Notes receivable — short-term, net
24,504
31,243
Other current assets
44,359
59,977
Total current assets
582,761
576,415
Property and equipment, net
30,777
27,586
Notes receivable — long-term, net
42,350
25,209
Goodwill
90,456
79,797
Other intangible assets, net
16,860
6,964
Deferred compensation funding
59,018
55,909
Other assets
28,176
22,373
Total assets
$
850,398
$
794,253
Accrued insurance claims — current
$
21,353
$
24,371
Other current liabilities
185,069
146,004
Total current liabilities
206,422
170,375
Accrued insurance claims — long-term
41,156
46,142
Deferred compensation liability — long-term
59,122
56,276
Lease liability — long-term
11,433
9,659
Other long-term liabilities
814
1,591
Stockholders' equity
531,451
510,210
Total liabilities and stockholders' equity
$
850,398
$
794,253
5
HEALTHCARE SERVICES GROUP, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
(Unaudited)
Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA
For the Three Months Ended
For the Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
(in thousands)
GAAP net income
$
24,877
$
42,953
$
73,633
$
27,815
Income tax provision
8,851
14,355
25,639
11,499
Interest, net
(2,166)
(7,546)
(6,179)
(11,731)
Depreciation & amortization
1
4,056
4,029
11,382
12,908
EBITDA
$
35,618
$
53,791
$
104,475
$
40,491
Share-based compensation
2,942
2,602
8,527
8,881
Adjusted EBITDA
$
38,560
$
56,393
$
113,002
$
49,372
Adjusted EBITDA as a percentage of revenue
8.0
%
12.1
%
8.0
%
3.6
%
1.
Includes right-of-use asset depreciation of $1.9 million and $5.2 million for the three and nine months ended September 30, 2026, respectively, and $2.1 million and $6.3 million for the three and nine months ended September 30, 2025, respectively.
Reconciliation of GAAP cash from operations to cash flow from operations (excluding the change in payroll accrual)
For the Three Months Ended
For the Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
(in thousands)
GAAP cash from operations
$
30,170
$
71,293
$
95,770
$
127,581
Change in accrued payroll
(1)
(9,491)
15,799
(23,786)
134
Cash flow from operations (excluding the change in payroll accrual)
$
20,679
$
87,092
$
71,984
$
127,715
1.
The accrued payroll adjustment reflects changes in accrued payroll for the three and nine months ended September 30, 2026 and 2025.The Company processes payroll on set weekly and bi-weekly schedules, and the timing of payments may result in operating cash flow increases or decreases which are not indicative of the Company’s quarterly cash flow performance.
6