Trade Healthcare Services Group Inc - HCSG CFD

About Healthcare Services Group, Inc.

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of healthcare facilities, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States. The Company operates through two segments: housekeeping, laundry, linen and other services (housekeeping), and dietary department services (dietary). Its housekeeping service involves the management of a customers’ housekeeping department, which is responsible for the cleaning, disinfecting and sanitizing resident rooms and common areas of a customers’ facilities. Its dietary services consist of managing the customers’ dietary department, which is responsible for food purchasing, meal preparation and providing professional dietitian services, including the development of menus that meet the dietary needs of residents.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Healthcare Services Group, Inc. revenues decreased 7% to $1.64B. Net income decreased 54% to $45.9M. Revenues reflect Housekeeping segment decrease of 8% to $821.3M, Dietary segment decrease of 5% to $820.6M. Net income also reflects Selling, General, Administrative Expense increase of 24% to $166.4M (expense), Investment and other (expense) income decrease of 29% to $9.4M (income).

Equity composition

Common Stock $.01 Par, 03/11, 100M auth., 69,369,000 issd., less 3,003,000 shs. in Treas. @ $17.9M. Insiders control 5.09%. Public Offering 11/83, 560K shares @ $6.25 by D.H. Blair & Co. 08/07, 5/05, 3/04, 8/98,4/85, 11/10, 3-for-2 stock splits.