Healthcare Services Group (HCSG) Q4 FY2023 earnings: revenue $424 million, unchanged on the year
Healthcare Services Group Inc. (HCSG) reported revenue of $424 million for Q4 FY2023, the quarter ended 31 December 2023, unchanged on the same quarter a year earlier. Net income was $24 million, up 45.5% on the year, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
The quarter, against the one before and a year earlier
| Line | Q4 FY2023 | Q3 FY2023 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue | 424 | 411 | n/a | n/a |
| Cost of revenue | 350 | 378 | n/a | n/a |
| Gross profit | 73.5 | 33.8 | n/a | n/a |
| Gross margin | 17.3% | 8.2% | n/a | |
| Selling, general and administrative | 46.2 | 39.0 | n/a | n/a |
| Pre-tax income | 32.3 | -6.3 | n/a | n/a |
| Income tax | 8.8 | -1.3 | n/a | n/a |
| Effective tax rate | 27.2% | n/a | n/a | |
| Net income | 23.5 | -5.0 | n/a | n/a |
| Net margin | 5.5% | -1.2% | n/a | |
| Diluted EPS | $0.31 | -$0.07 | n/a | n/a |
Read more
Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.Cash flow and capital returned
| Line | Q4 FY2023 | Q3 FY2023 | A year earlier | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 49.4 | 2.9 | n/a | n/a |
| Capital expenditure | 1.4 | 1.9 | n/a | n/a |
| Free cash flow | 48.0 | 1.1 | n/a | n/a |
| Free cash flow margin | 11.3% | 0.3% | n/a | |
| Cash from investing | -1.4 | -1.3 | n/a | n/a |
| Cash from financing | -25.0 | 1.0 | n/a | n/a |
| Depreciation and amortisation | 3.8 | 3.2 | n/a | n/a |
| Share-based compensation | 2.2 | 2.4 | n/a | n/a |
| Buybacks | 5.0 | 4.0 | n/a | n/a |
| Dividends paid | 0.0 | 0.0 | n/a | n/a |
| Diluted shares, weighted | 74m | 74m | n/a | n/a |
| Shares outstanding at period end | 73m | 74m | n/a | n/a |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q4 FY2023 | Q3 FY2023 | A year earlier | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 457 | 442 | n/a | n/a |
| Debt | 25.0 | 45.0 | n/a | n/a |
| Operating lease liabilities | 11.2 | 11.6 | n/a | n/a |
| Other liabilities | 298 | 252 | n/a | n/a |
| Total liabilities and equity | 791 | 751 | n/a | n/a |
| Goodwill | 75.5 | 75.5 | n/a | n/a |
| Intangible assets | 12.1 | 12.8 | n/a | n/a |
| Investments | 93.1 | 90.0 | n/a | n/a |
| Cash and equivalents | 54.3 | 31.3 | n/a | n/a |
| Receivables | 345 | n/a | n/a | n/a |
| Other assets | 211 | 541 | n/a | n/a |
| Total assets | 791 | 751 | n/a | n/a |
Questions
What was Healthcare Services Group's revenue in Q4 FY2023?
Healthcare Services Group (HCSG) reported revenue of $424 million for Q4 FY2023, the quarter ended 31 December 2023, unchanged on the same quarter a year earlier.
How much did Healthcare Services Group earn in Q4 FY2023?
Net income for Q4 FY2023 was $24 million, up 45.5% on the year, and diluted earnings per share $0.31.
When did Healthcare Services Group report Q4 FY2023 results?
Healthcare Services Group filed its 10-K for the year that ended with the quarter on 16 February 2024; the fourth quarter is the year less the first three.
Quarterly results, the last 12 quarters
| Q3 FY2023 † | Q4 FY2023 * † | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 411 | 424 | 423 | 426 | 428 | 438 | 448 | 458 | 464 | 467 | 463 | 471 |
| Cost of revenue | 378 | 350 | 359 | 385 | 365 | 379 | 380 | 456 | 368 | 395 | 387 | 396 |
| Gross profit | 33.8 | 73.5 | 64.5 | 41.5 | 63.4 | 58.6 | 68.0 | 3.0 | 96.4 | 72.1 | 75.8 | 74.8 |
| Gross margin | 8% | 17% | 15% | 10% | 15% | 13% | 15% | 1% | 21% | 15% | 16% | 16% |
| SG&A | 39.0 | 46.2 | 46.9 | 44.4 | 46.9 | 44.8 | 45.0 | 49.2 | 50.5 | 46.2 | 42.0 | 52.6 |
| Pre-tax income | -6.3 | 32.3 | 21.3 | -2.0 | 18.8 | 14.8 | 23.9 | -41.9 | 57.3 | 28.6 | 34.5 | 31.0 |
| Tax rate | n/a | 27% | 28% | n/a | 25% | 19% | 28% | n/a | 25% | -9% | 25% | 27% |
| Net income | -5.0 | 23.5 | 15.3 | -1.8 | 14.0 | 11.9 | 17.2 | -32.4 | 43.0 | 31.2 | 26.1 | 22.7 |
| Net margin | -1% | 6% | 4% | -0% | 3% | 3% | 4% | -7% | 9% | 7% | 6% | 5% |
| Diluted EPS | -$0.07 | $0.31 | $0.21 | -$0.02 | $0.19 | $0.16 | $0.23 | -$0.44 | $0.59 | $0.44 | $0.37 | $0.32 |
| Operating cash flow | 2.9 | 49.4 | -26.0 | 16.3 | 4.3 | 36.2 | 27.5 | 28.8 | 71.3 | 17.4 | 43.7 | 21.9 |
| Capital expenditure | 1.9 | 1.4 | 2.2 | 1.3 | 1.4 | 1.4 | 1.7 | 1.4 | 1.3 | 1.4 | 1.4 | 1.6 |
| Free cash flow | 1.1 | 48.0 | -28.2 | 15.0 | 2.9 | 34.8 | 25.8 | 27.4 | 70.0 | 16.0 | 42.3 | 20.2 |
| Buybacks | 4.0 | 5.0 | 0.0 | 3.0 | 1.0 | 1.0 | 7.0 | 7.7 | 27.3 | 19.6 | 24.0 | 20.9 |
| Dividends paid | 0.0 | 0.0 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | 74m | 73m | 74m | 73m | 73m | 73m | 73m | 72m | 71m | 70m | 69m | 68m |
| Filing | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Read more
* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.Source
10-K for the period ended 31 December 2023, filed 16 February 2024, accession 0000731012-24-000025: the filing on EDGAR. All of Healthcare Services Group Inc.'s filings: EDGAR company page.
The same record on your computer
GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.