FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31, 2015
Bensalem, PA — February 2, 2016 — Healthcare Services Group, Inc. (NASDAQ:HCSG) reported that revenues for the three months ended December 31, 2015 increased to $366,082,000 compared to $341,624,000 for the same 2014 period. Revenues for the year ended December 31, 2015 increased to $1,436,849,000 compared to $1,293,183,000 for the same 2014 period.
Inclusive of the previously announced settlement costs, net income for the three months ended December 31, 2015 was $9,134,000 or $0.13 per basic and per diluted common share. Net income for the year ended December 31, 2015 was $58,024,000 or $0.81 per basic and $0.80 per diluted common share.
As previously announced, on January 26th our Board of Directors declared a quarterly cash dividend of $0.18125 per common share, payable on March 25, 2016 to shareholders of record at the close of business on February 19, 2016. This represents the 51st consecutive quarterly cash dividend payment, as well as the 50th consecutive increase since our initiation of quarterly cash dividend payments in 2003. The Company also reported that it continued its strong top line momentum from 2015 and entered into new service agreements, to be phased in during the first quarter of 2016, with annual revenues of over $70 million.
The Company will host a conference call on Wednesday, February 3, 2016 at 8:30 a.m. Eastern Time to discuss its results for the three months and year ended December 31, 2015. The call may be accessed via phone at 800-893-5360. The call will be simultaneously webcast under the "Events & Presentations" section of the investor relations page on our website, www.hcsg.com. A replay of the webcast will also be available on our website through approximately 10:00 p.m. Eastern Time on Wednesday, February 3rd.
The Company also announced that it will present at the RBC Capital Markets Global Healthcare Conference on February 24th at the New York Palace Hotel in New York City.
The following information was filed by Healthcare Services Group Inc (HCSG) on Tuesday, February 2, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: HCSG CIK: 731012 Form Type:10-K Annual Report Accession Number: 0000731012-16-000120 Submitted to the SEC: Fri Feb 19 2016 4:50:30 PM EST Accepted by the SEC: Fri Feb 19 2016 Period: Thursday, December 31, 2015 Industry: Nursing And Personal Care Facilities