Healthcare Services Group records $479.6 million in Q3 revenue
- Healthcare Services Group (NASDAQ:HCSG) reported third-quarter 2026 revenue of $479.6 million, up approximately 3.3% year over year, supported by growth in its Environmental and Dietary Services businesses.
- Net income reached $24.9 million, or $0.36 per diluted share, while operating cash flow totaled $30.2 million, compared with $71.3 million a year earlier.
- The company completed its $93.5 million acquisition of NEXDINE Hospitality, forecast fourth-quarter revenue of $535 million–$545 million and raised its 2027 revenue growth outlook to low double digits.
Healthcare Services Group (NASDAQ:HCSG) reported third-quarter 2026 revenue of $479.6 million, up 3.3% year over year, supported by increased demand for outsourced healthcare services.
Net income declined to $24.9 million from approximately $43 million a year earlier, while diluted earnings fell to $0.36 from $0.59.
Environmental Services generated revenue of $217.2 million with a 13.3% segment margin, while Dietary Services recorded $262.4 million at an 8.7% margin.
Operating cash flow totaled $30.2 million, while cash and marketable securities reached $204.3 million and an unused revolving credit facility provided another $300 million.
Healthcare Services Group completed its $93.5 million acquisition of NEXDINE Hospitality on October 6, expanding its presence in senior living and hospitality services.
The company projected fourth-quarter revenue of $535 million–$545 million and raised its 2027 revenue growth outlook from mid-single-digit to low-double-digit growth.
