(RTTNews) – On Wednesday, Healthcare Services Group, Inc. (HCSG), reported a return to profit in the second quarter, from the prior year on improved revenue, and reduced service costs as well as growth in other income.
Net Income for the period was $22.70 million, compared to loss of $32.37 million in the same quarter last year. Net income per share was $0.32, in comparison with loss of $0.44 in the previous year.
Adjusted EBITDA for the period was $35.59 million, in contrast with EBITDA loss of $36.32 million a year ago.
Revenue for the period increased to $470.81 million from $458.49 million in the prior year.
Furthermore, the company confirmed that the growth in the second quarter was in line with its outlook for 2026, in which they expect mid-single-digit growth.
In the pre-market activity on Nasdaq, the shares were trading 0.81 percent higher at $25.00, after closing Tuesday’s trading 0.60 percent down.
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