HEALTHCARE SERVICES GROUP, INC. REPORTS
RESULTS FOR THE THREE MONTHS AND YEAR ENDED
DECEMBER 31, 2008
Bensalem, PA February 10, 2009 Healthcare Services Group, Inc. (NASDAQ-HCSG) reported that
revenues for the three months ended December 31, 2008 increased over 5% to $154,563,000 compared to
$146,979,000 for the same 2008 period. Net income for the three months ended December 31, 2008 was
$7,283,000 or $.17 per basic and per diluted common share, compared to the 2007 fourth quarter net
income of $7,305,000 or $.17 per basic and per diluted common share.
The Company also reported that revenues for the year ended December 31, 2008 increased over 4%
to $602,718,000 compared to $577,721,000 for the same 2007 period. In addition, net income for the
year ended December 31, 2008 was $26,614,000 or $.62 per basic and $.60 per diluted common share
compared to the year ended December 31, 2007 net income of $29,578,000 or $.70 per basic and $.67
per diluted common share.
Additionally, on January 20, 2009, our Board of Directors has declared a regular quarterly
cash dividend of $.17 per common share, payable on February 20, 2009 to shareholders of record at
the close of business February 6, 2009. This represents a 6% increase over the dividend declared
for the 2008 third quarter and a 31% increase over the 2007 same period payment. It is the 23rd
consecutive regular quarterly cash dividend payment, as well as the 22nd consecutive increase since
our initiation of regular quarterly cash dividend payments in 2003.
The Company also announces that it will make a presentation on February 11, 2009 regarding the
Company at the UBS Warburg Global Healthcare Services Conference at the Waldorf Astoria hotel in
New York City. This presentation will as well be audio webcast at www.ibb.ubs.com.
The Company will host a conference call today at 4:30 PM Eastern Time to discuss its results
for the three month period and year ended December 31, 2008. The call in number will be