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Healthcare Services Group, Inc. Reports Results For The Three And Nine Months Ended September 30, 2013 And Increases Third Quarter 2013 Cash Dividend

Stocks in this article: HCSG

BENSALEM, Pa., Oct. 8, 2013 (GLOBE NEWSWIRE) -- Healthcare Services Group, Inc. (Nasdaq:HCSG) reported that revenues for the three months ended September 30, 2013 increased approximately 10% to $298,549,000 compared to $272,681,000 for the same 2012 period. Net income for the three months ended September 30, 2013 increased approximately 20% to $13,790,000 or $0.20 per basic and per diluted common share, compared to the three months ended September 30, 2012 net income of $11,517,000 or $0.17 per basic and per diluted common share.

Revenues for the nine months ended September 30, 2013 increased approximately 6% to $846,057,000 compared to $800,396,000 for the same 2012 period. Net income for the nine months ended September 30, 2013 increased approximately 33% to $41,677,000 or $0.60 per basic and per diluted common share, compared to the nine months ended September 30, 2012 net income of $31,416,000 or $0.47 per basic and $0.46 per diluted common share.

Additionally, on October 8, 2013, our Board of Directors declared a quarterly cash dividend of $0.17 per common share, payable on December 20, 2013 to shareholders of record at the close of business on November 15, 2013. This represents the 42nd consecutive quarterly cash dividend payment, as well as the 41st consecutive increase since our initiation of quarterly cash dividends in 2003.

The Company will host a conference call on Wednesday, October 9, 2013 at 8:30 a.m. Eastern Time to discuss its results for the three and nine months ended September 30, 2013. 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, October 9, 2013.

The Company also announced that it will participate in the Stephens 2013 Fall Investment Conference on November 12th at The New York Palace Hotel in New York City.

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