Latest news with #Genesis
The Drive
3 hours ago
- Automotive
- The Drive
Listen to Genesis' Le Mans Hypercar Roar to Life for the First Time
The latest car news, reviews, and features. Genesis has been busy assembling its racing team ahead of next year's 24 Hours of Le Mans, and this week's announcement celebrates a milestone that the young team will remember forever. The Genesis Magma Racing's GMR-001 Hypercar has officially roared to life for the first time at the team's HQ at the Circuit Paul Ricard in France. According to today's announcement, the first fire-up as a complete race car (engine mounted to the chassis) took place on July 9, under the supervision of chassis supplier Oreca, which is also based in Le Castellet near the team's shop. The first fire-up of the engine alone actually took place back in February. This footage posted to YouTube shows the tension leading up to the car's first firing, which, at least on video, went without a hitch. The GMR-001 will compete in the WEC Hypercar class for the entire 2026 season, which, of course, features the most famous endurance race of all, Le Mans. It's powered by a 3.2-liter, twin-turbo V8 engine, though the brand has not revealed more detailed specs. However, Genesis has not been shy about the shared technology between this engine and the 1.6-litre inline-four found in the i20 N rally car. The first rolling tests for the prototype are expected to take place next month, and sometime after that, hopefully, Genesis will tell us who will round up its driver lineup. The only two pilots confirmed so far are endurance racing veteran Pipo Derani and three-time Le Mans winner Andre Lotterer. Got a tip? Email us at tips@
Daily Record
15 hours ago
- Automotive
- Daily Record
JOHN MURDOCH'S DRIVE TIME: We try out the luxury GV70 electric Genesis SUV and discover Skoda holidays survey results
The Genesis GV70's exterior shares the same handsome looks as its petrol-powered sibling apart from a re-designed front grille which cleverly hides the charging port. In this instalment of John Murdoch's Drive Time, John tries out the luxury GV70 electric SUV from Genesis and discovers how a Skoda survey found that lots of UK motorists are planning to take holidays at home this year, with Scotland a top destination. The world's top golfers had the opportunity to win a luxury Genesis GV70 at the recent Scottish Open by grabbing a hole In one at a par 3 but the talented field did not manage it. Just days later (without having to strike a ball) I got the chance to sample the all-electric GV70 SUV which was first launched in the UK back in late 2022 and, other than a price increase, it remains the same premium, stylish vehicle competing for a share of a crowded market. It is only available in Sport trim and starts at£65,105 before adding any options. It features a pair of electric motors delivering up to 483bhp in 'Boost' mode and a stonking 700Nm of torque. That combination is enough to tackle 0-62mph in just 4.2 seconds. With a claimed combined range of 283 miles - or 367 around town - it remains practical as well as luxurious. The exterior shares the same handsome looks as its petrol-powered sibling apart from a re-designed front grille which cleverly hides the charging port. The cabin is superbly crafted and put together with excellent materials and the quality is excellent with room for five adults to travel in comfort. Like its siblings this model features a14.5-inch central infotainment touchscreen which can also be operated by a rotary controller dial, an eight-inch digital dash, powered leather seats, and ambient mood lighting. All controls and switches are well placed and so you can control the heating and ventilation without fuss. Heating is available for both seating rows and soft materials cover every surface, from the inside of the door handles to leather effect trim for the dashboard. On the practical side the boot, which comes as standard with a powered tailgate, offers a generous 503-litres of capacity which increases to 1678 when the 60:40 split-fold rear seats are down. There's also a useful 25-litre trunk at the front of the car which is handy for storing the charging cables. The GV70 can be sporty when you want it to be but it is really designed for luxury and comfort to spoil its passengers. Front facing cameras scan for obstacles like speed bumps and potholes and the adaptive dampers and suspension adjust to keep things smooth. Noise-cancelling technology keeps the cabin quiet even at motorway speeds and the GV70 is also handy on country roads. Three drive modes - Eco, Comfort and Sport - let you change your driving style to suit your mood and there is also e-Terrain technology to provide extra grip in mud, sand and snow. You can also save energy with the car's clever regenerative system which can be adjusted from wheel-mounted paddle-shifters. A rapid charger will take the battery from 10 to 80 per cent in around 18 minutes. As you would expect the GV70 comes with all the latest active and passive safety systems including a front centre airbag, smart cruise control, emergency braking and Evasive Steering Assist - which will actively help turn the car away from a potential collision. Like all Genesis models the GV70 comes with a five-year care plan including warranty, roadside assistance and servicing. FAST FACTS: Price: £65.105. Mechanical: 242bhp, electric engine driving all-four wheels via an automatic transmission. Max speed: 146mph. 0-62mph: 4.2 seconds. Range: 283 miles. Insurance group: 50. CO2 emissions: 0g/km. Bik rating: Two per cent. Warranty: Five years/unlimited mileage. Overall rating (out of 5): 4.6. In other motoring news, a survey by Skoda UK finds 83 per cent of UK motorists are keen to holiday and explore on home turf this year, with Scotland a top destination. Brits are taking holiday plans into their own hands, with 61 per cent considering going on a road trip this year because it means they can be spontaneous and stop where they choose. More than half (52 per cent) want to unleash their adventurous side and visit places they've never been before, while visiting friends and family en-route is another popular reason for taking to the road. For the journey, UK motorists say nice weather is the most important contributing factor to a good road trip, while scenic routes and the company in the car are all important as well. Cost is a key factor in the decision to jump behind the wheel, with 33 per cent saying driving is more affordable than going by plane, train or boat. More than half are happy to travel more than 300 miles for a road trip, while almost one in 10 say they'd be willing to cover 1001 miles or more. Here are the top five places to head on a road trip, according to British drivers: The Scottish Highlands (42 per cent). The Lake District, Cumbria (40 per cent). Yorkshire Dales (36 per cent). Isle of Skye, Scotland (35 per cent). St. Ives, Cornwall (35 per cent). *Don't miss the latest headlines from around Lanarkshire. Sign up to our newsletters here.
The Spinoff
a day ago
- Automotive
- The Spinoff
A first timer's guide to buying an EV
With volatile fuel prices and worsening climate change, now could be the time to switch to an EV. But where to begin? Buying a car is a famously head-scratching experience, never mind buying an electric vehicle. There's so much to consider – upfront cost, fuel economy, safety rating, lifestyle needs and so on. With second-hand vehicles, that list gets even longer. Purchasing a vehicle requires not just money, but time to suss out the options and make the right decision. While zero emissions is a big EV drawcard, there are many other perks convincing people to make the switch. If you're interested in buying an EV though, where should you start? Kathryn Trounson is a longtime EV enthusiast and chairperson of Better NZ Trust, which aims to educate and promote EV uptake. She shared her top EV buying tips with The Spinoff. Understanding the running costs Running a regular car comes with familiar costs, petrol prices being one of the most important. Understanding how much an EV will cost you day-to-day though isn't immediately clear. Understanding charging options is key here. Most EV users can rely on the charger their car comes with, Trounson says. These plug into a normal household socket so there's no need for expensive installs or rewiring. Many people charge their EVs overnight this way. If you need a faster charge, wall chargers are available at varying prices. So how much will your power bill increase by? While electricity rates vary by region and time of day, Trounson says most people don't notice a huge increase. Any power bill increase is likely to be much less than accrued petrol saving, and there are special electricity plans on offer for EV owners. Genesis has an electricity plan to support future thinking Kiwi who invest in EVs. It offers discounted electricity rates, and a first-of-its-kind charging partnership with ChargeNet which allows customers to take their home charging rates on the road at any ChargeNet station. Genesis's Energy EV plan * gives customers 50% off their variable day electricity rate from 9pm to 7am, perfect for charging overnight. While the initial cost of an EV might be higher than a petrol car, Trounson says, the lifetime savings of an EV are worth it for many. If you really want to crunch the numbers, this calculator can help. Consider upfront cost Like any other vehicle, Trounson says, you need to consider lifestyle and upfront cost when choosing which car to buy. Petrol cars come in all shapes and sizes for a variety of needs, and ditto with EVs – there are even fully electric utes. Generally speaking though, a bigger battery means a bigger range but a bigger price tag. Luckily, Trounson says, EVs have gotten more affordable in the past few years, even before you take fuel and maintenance savings into account. More competition in the market and improvements in battery technology have pushed prices down. Brand new, fully electric models can now be found at comparable prices to new petrol cars. Don't skip second hand The second-hand EV market is growing, but buying one still requires the same caution you'd use when buying a used petrol car. A key thing to look at here is the car's remaining battery life, often reported as a state of health (SoH) percentage. This number, Trounson says, is often more important than mileage or number of previous owners. While EV batteries do degrade, the rate is slower than you might expect. Most degrade about 1.8 percent per year, and should retain 64 percent of their range after 20 years, although battery health can be affected by factors such as storage conditions and driving style. Trounson recommends sticking to reputable, knowledgeable dealers for used EVs. Helpfully, she notes, cars less than eight years old often have a transferable battery warranty. Be realistic about range How do you choose the right EV for your lifestyle? Lots of people get stuck on range, Trounson says, the distance you can drive on a full charge. Many people find the concept of 'range' to be unfamiliar and offputting. 'An EV tells you in kilometres how far you can go, and you see that number change. When you turn the air conditioning on, or if you were driving into rain, that would reduce the range. But that would reduce the range in an internal combustion car too – it's just that you don't see it. Like anything, it just takes getting used to.' As with petrol cars, terrain, weather conditions and driving style can all affect the range of an EV. But EVs can actually recover some range thanks to features like regenerative charging, where some charge is recovered as the car goes downhill. The right model and associated driving range therefore depends on someone's individual needs, says Trounson, though you might find you need less range than you think. According to the Ministry of Transport, most people drive less than 30 kilometres a day. That figure is based on data from 2014, so our national average may have changed since then. Still, Trounson says that most EVs can handle the short, frequent daily trips that characterise most urban driving patterns. The cheapest available EV, an older, second-hand Nissan Leaf, might only have 50km of range – but that might perfectly suit a student, older person or someone who works from home. Don't forget weekends away Once you've got your head around costs, range and charging you might start to think further afield. Will switching to an EV make road trips trickier? Trounson points out that even lower range EVs can be taken on a weekend trip. Just a few years ago, she says, the New Zealand charging network was still 'in its infancy'. But that's changed drastically. A quick look on the Electric Vehicle Database (EVDB) shows EV charging is now widely available in Aotearoa, even in remote and wild places. It's not just the availability of charging stations that's improved, it's also the charging technology. Old public chargers were slow, which meant long stopovers. Now, most charging stations have fast-charging available getting you close to a full charge in 15 to 30 minutes. And how much does charging on the go cost? This varies but Genesis's EVerywhere plan * lets you take your home rates with you on the road at ChargeNet public charging stations. When to make the switch? Companies are investing heavily into the EV market and prices are likely to continue falling as batteries become better and cheaper. But that doesn't necessarily mean you should buy a new petrol vehicle in the meantime. 'The right time to buy an EV is when your current car is no longer suitable for your needs,' says Trounson. 'If you can afford to, you should buy an EV now. If you can't afford an EV, never buy a brand-new internal combustion engine car, because petrol will go up. 'Nobody who has an EV says they wish they hadn't bought it. Everyone says I wish I'd bought it earlier.'
Arab News
a day ago
- Sport
- Arab News
GCC Esports League wraps up second event
RIYADH: The Saudi Esports Federation has concluded the second event of the GCC Esports League. For the latest updates, follow us @ArabNewsSport Held at the SEF Arena in Riyadh and presented by Korean automotive brand, Genesis, the league saw competition between elite players and esports clubs from across the Gulf Cooperation Council. Turki Al-Fawzan, CEO of the Saudi Esports Federation, said: 'Congratulations to all the incredible players who participated in the second edition of the GCC Esports League. This event has been instrumental in fostering the next generation of talent and showcasing the remarkable depth of quality among players from across the GCC. Saudi Arabia's unwavering commitment to the gaming and esports sector is not only transforming our region but also solidifying our role as a global hub for this dynamic industry.' This year's league featured competition across two fan-favorite titles: EA Sports FC 25 and Street Fighter 6, with a total prize pool of SR100,000 ($26,600), split evenly between the games. Representing their nations and highlighting the depth of emerging talent across the GCC, players from Gulf countries showcased their skills and talents in front of passionate fans at the SEF Arena and a global online audience. Seven clubs representing six GCC countries competed in the EA Sports FC 25 tournament: Team Falcons from Saudi Arabia, TriForce from Kuwait, Al-Nasr Club from the UAE, KHK Esports from Bahrain, Al-Seeb and Al-Nahda from Oman, and Alrayyan from Qatar. In a highly anticipated all-Saudi grand final, Abu Makkah took on Falcon Msdossary7, both from Team Falcons. With a dominant 12-3 victory, FalconMsdossary7 secured the title and reaffirmed his place among the top esports athletes in the region. Nine clubs from six GCC nations participated in the Street Fighter 6 competition, including The Vicious and Twisted Minds from Saudi Arabia, TriForce from Kuwait, Al-Ain Chess and Mind Games Club from the UAE, KHK Esports from Bahrain, Al-Seeb and Al-Nahda from Oman, and S-City and Team Mana from Qatar. The grand final featured a thrilling showdown between Twisted Minds' Latif and Al-Ain Chess and Mind Games Club's GTR. Latif secured a decisive 3-1 victory, marking an emotional and inspiring return to professional play after a seven-year break. 'Winning this tournament means a lot to me,' Latif said. 'Coming back after seven years away from professional competition and proving that I can still compete and win against the best players in the region is an incredible feeling. This special win reminded me that age is just a number when you have the drive and determination to succeed.' Beyond the competition, the 2025 GCC Esports League marked a significant step toward deeper regional collaboration, as the Saudi Esports Federation signed five memoranda of understanding with esports governing bodies from Kuwait, Bahrain, Oman, Qatar and the UAE. 'These memoranda of understanding with our GCC counterparts mark a pivotal moment for the region's esports ecosystem,' Al-Fawzan said. 'Strategic collaboration is paramount to fostering talent development, launching impactful education initiatives and strengthening grassroots growth across the GCC, ultimately elevating the gaming and esports ecosystem on the global stage.'
Business Wire
a day ago
- Business
- Business Wire
HCSG Reports Second Quarter Results
- Exceeds Growth Expectations Raises 2025 Cash Flow Forecast Announces $50.0MM Share Repurchase Plan Revenue of $458.5 million, an increase of 7.6% over the prior year. Net income and diluted EPS of ($32.4) million and ($0.44); includes $0.65 non-cash charge related to previously announced Genesis HealthCare restructuring. Cash flow from operations of $28.8 million; cash flow from operations (excluding the change in payroll accrual) of $8.5 million, an increase of $10.9 million over the prior year. Reiterates 2025 mid-single digit growth expectations. Raises 2025 cash flow from operations forecast (excluding the change in payroll accrual) from $60.0 to $75.0 million to $70.0 to $85.0 million. Announces $50.0 million, 12-month share repurchase plan. BENSALEM, Pa.--(BUSINESS WIRE)--Healthcare Services Group, Inc. (NASDAQ:HCSG) today reported results for the three months ended June 30, 2025. Ted Wahl, Chief Executive Officer, stated, 'Second quarter growth exceeded our expectations. New client wins and higher retention drove our organic growth, and we have carried that positive momentum into the back half of the year. Despite the previously announced Genesis news and resulting impact on our Q2 reported results, our 2025 growth plans and cash flow outlook remain strong. We are confident that continuing to execute on our strategic priorities, supported by our strong business fundamentals, will enable us to further accelerate growth, while delivering sustainable, profitable results.' Second Quarter Results Revenue was reported at $458.5 million. Segment revenues for Environmental and Dietary Services were reported at $205.8 million and $252.7 million, respectively. The Company reiterated its expectation for 2025 mid-single digit revenue growth. Cost of services was reported at $455.5 million or 99.4% and includes the impact of the $61.2 million or 13.4% non-cash charge related to the previously announced Genesis restructuring. The Company's goal is to manage the second half of 2025 cost of services in the 86% range. SG&A was reported at $49.2 million; after adjusting for the $4.7 million increase in deferred compensation, actual SG&A was $44.5 million or 9.7%. The Company expects to manage SG&A in the 9.5% to 10.5% range in the near term, with the longer term goal of managing those costs into the 8.5% to 9.5% range. Segment margin for Environmental Services was reported at 0.8% and includes the impact of a $20.3 million or 9.9% non-cash charge related to the previously announced Genesis restructuring. Segment margin for Dietary Services was reported at (10.1%), and includes the impact of a $40.9 million or 16.2% non-cash charge related to the previously announced Genesis restructuring. Net income and diluted EPS were reported at ($32.4) million and ($0.44), respectively, and includes the impact of the $0.65 non-cash charge (or $61.2 million pretax, tax effected at 22.7%) related to the previously announced Genesis restructuring. As previously announced, the Company estimates a third quarter $0.04 per share non-cash charge related to the Genesis restructuring. Cash flow from operations was reported at $28.8 million; after adjusting for the $20.3 million increase in the payroll accrual, cash flow from operations was $8.5 million. The Company raised its 2025 cash flow from operations forecast (excluding the change in payroll accrual) from $60.0 to $75.0 million to $70.0 to $85.0 million. Balance Sheet and Liquidity The Company's primary sources of liquidity are cash flow from operating activities, cash and cash equivalents, and its revolving credit facility. As of the end of the second quarter, the Company had cash and marketable securities of $164.1 million and a $500.0 million credit facility, inclusive of its $200.0 million accordion, which expires in November 2027. Share Repurchases The Company also announced that it plans to accelerate the pace of its share buybacks, and over the next 12 months, intends to repurchase $50.0 million shares of its common stock under its February 2023 share repurchase authorization. The Company repurchased $7.6 million of common stock during the second quarter. Year to date, the Company has repurchased $14.6 million of its common stock. Mr. Wahl stated, 'Over the course of the last several years, we have continuously strengthened our balance sheet and expect strong cash flow generation over the next 12 months and beyond. We have demonstrated a prudent and balanced approach to capital allocation, including first and foremost investing in our growth initiatives. The current valuation of our stock relative to our long-term growth potential offers a unique opportunity with the buyback to return significant capital to shareholders.' Conference Call and Upcoming Events The Company will host a conference call on Wednesday, July 23, 2025, at 8:30 a.m. Eastern Time to discuss its results for the three months ended June 30, 2025. The call may be accessed via phone at 1 (800) 715-9871, Conference ID: 9951274. The call will be simultaneously webcast under the 'Events & Presentations' section of the Investor Relations page on the Company's website, A replay of the webcast will also be available on the website for one year following the date of the earnings call. The Company will be attending and presenting at the Baird 2025 Global Healthcare Conference on September 10, 2025 at the InterContinental Barclay NY. About Healthcare Services Group, Inc. Healthcare Services Group (NASDAQ: HCSG) is a leader in managing housekeeping, laundry, dining, and nutritional services within the healthcare industry. With nearly 50 years of experience, HCSG aims to provide improved operational, regulatory, and financial outcomes for our clients. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This release and any schedules incorporated by reference into it may contain forward-looking statements within the meaning of federal securities laws, which are not historical facts but rather are based on current expectations, estimates and projections about our business and industry, and our beliefs and assumptions. Words such as 'believes,' 'anticipates,' 'plans,' 'expects,' 'estimates,' 'will,' 'goal,' 'intend' and similar expressions are intended to identify forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation by us that any of our plans will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking information is also subject to various risks and uncertainties. Such risks and uncertainties include, but are not limited to, risks arising from our providing services to the healthcare industry and primarily providers of long-term care; credit and collection risks associated with the healthcare industry; the impact of bank failures; our claims experience related to workers' compensation, general liability and auto insurance; the effects of changes in, or interpretations of laws and regulations governing the healthcare industry, our workforce and services provided, including state and local regulations pertaining to the taxability of our services and other labor-related matters such as minimum wage increases; the Company's expectations with respect to selling, general, and administrative expense; the impacts of past or future cyber attacks or breaches; global events including ongoing international conflicts; and the risk factors described in Part I of our Form 10-K for the fiscal year ended December 31, 2024 under 'Government Regulation of Customers,' 'Service Agreements and Collections,' and 'Competition' and under Item 1A. 'Risk Factors' in such Form 10-K. These factors, in addition to delays in payments from customers and/or customers undergoing restructurings, have resulted in, and could continue to result in, significant additional bad debts in the near future. Additionally, our operating results have been in the past and could in the future be adversely affected by continued inflation particularly if increases in the costs of labor and labor-related costs, materials, supplies and equipment used in performing services (including the impact of potential tariffs) cannot be passed on to our customers. In addition, we believe that to improve our financial performance we must continue to obtain service agreements with new customers, retain and provide new services to existing customers, achieve modest price increases on current service agreements with existing customers and/or maintain internal cost reduction strategies at our various operational levels. Furthermore, we believe that our ability to sustain the internal development of managerial personnel is an important factor impacting future operating results and the successful execution of our projected growth strategies. There can be no assurance that we will be successful in that regard. USE OF NON-GAAP FINANCIAL INFORMATION To supplement HCSG's consolidated financial information, which are prepared in accordance with generally accepted accounting principles in the United States of America ('GAAP'), the Company believes that certain non-GAAP financial measures are useful in evaluating operating performance and comparing such performance to other companies. The Company is presenting net cash flow from operations (excluding the impact of payroll accrual), earnings before interest, taxes, depreciation and amortization ('EBITDA') and EBITDA excluding items impacting comparability ('Adjusted EBITDA'). We cannot provide a reconciliation of forward-looking non-GAAP measures to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. The presentation of non-GAAP financial measures is not meant to be considered in isolation or as a substitute for financial statements prepared in accordance with GAAP. HEALTHCARE SERVICES GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands) June 30, 2025 December 31, 2024 Cash and cash equivalents $ 82,818 $ 56,776 Restricted cash equivalents 326 3,355 Marketable securities, at fair value 51,674 50,535 Restricted marketable securities, at fair value 29,258 25,105 Accounts receivable, net 292,210 330,907 Notes receivable — short-term, net 31,628 51,429 Other current assets 44,380 38,545 Total current assets 532,294 556,652 Property and equipment, net 28,215 28,198 Notes receivable — long-term, net 45,084 41,054 Goodwill 80,042 75,529 Other intangible assets, net 8,263 9,442 Deferred compensation funding 51,548 49,639 Other assets 56,754 42,258 Total assets $ 802,200 $ 802,772 Accrued insurance claims — current $ 24,578 $ 25,148 Other current liabilities 189,354 167,399 Total current liabilities 213,932 192,547 Accrued insurance claims — long-term 50,833 51,869 Deferred compensation liability — long-term 51,699 50,011 Lease liability — long-term 7,048 8,033 Other long-term liabilities 1,650 385 Stockholders' equity 477,038 499,927 Total liabilities and stockholders' equity $ 802,200 $ 802,772 Expand HEALTHCARE SERVICES GROUP, INC. RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (Unaudited) For the Three Months Ended For the Six Months Ended June 30, June 30, 2025 2024 2025 2024 GAAP net (loss) income $ (32,366 ) $ (1,788 ) $ (15,138 ) $ 13,521 Income tax (benefit) provision (9,522 ) (198 ) (2,856 ) 5,807 Interest, net (1,976 ) 184 (4,186 ) 138 Depreciation and amortization (1) 5,001 3,679 8,879 7,210 EBITDA $ (38,863 ) $ 1,877 $ (13,301 ) $ 26,676 Share-based compensation 2,541 2,113 6,279 4,597 Adjusted EBITDA $ (36,322 ) $ 3,990 $ (7,022 ) $ 31,273 Adjusted EBITDA as a percentage of revenue (7.9 )% 0.9 % (0.8 )% 3.7 % Expand Reconciliation of GAAP cash flows provided by (used in) operations to net cash flows from operations (excluding the change in payroll accrual) For the Three Months Ended For the Six Months Ended June 30, June 30, 2025 2024 2025 2024 GAAP cash flows provided by (used in) operations $ 28,787 $ 16,319 $ 56,288 $ (9,714 ) Accrued payroll (2) (20,256 ) (18,677 ) (15,665 ) (1,862 ) Cash flows from operations (excluding the change in payroll accrual) $ 8,531 $ (2,358 ) $ 40,623 $ (11,576 ) Expand 1. Includes right-of-use asset depreciation of $2.1 million and $4.2 million for the three and six months ended June 30, 2025, and $1.9 million and $3.8 million for the three and six months ended June 30, 2024. 2. The accrued payroll adjustment reflects changes in accrued payroll for the three and six months ended June 30, 2025 and 2024. The Company processes payroll on set weekly and bi-weekly schedules, and the timing of payments may result in operating cash flow increases or decreases which are not indicative of the Company's quarterly cash flow performance. Expand Contacts Company Contacts: Theodore Wahl President and Chief Executive Officer Vikas Singh Executive Vice President and Chief Financial Officer Matthew J. McKee Chief Communications Officer 215-639-4274 investor-relations@ Industry: Retail Other Professional Services Health Consumer Other Health Professional Services Practice Management Managed Care General Health Hospitals Other Consumer Fitness & Nutrition Food/Beverage Nursing Get RSS Feed Healthcare Services Group, Inc. NASDAQ:HCSG Details Headquarters: Bensalem, PA Website: CEO: Ted Wahl Employees: 35,300 Organization: PUB Revenues: 1,715,682,000 (2024) Net Income: 39,471,000 (2024) Release Summary HCSG Reports Second Quarter Results, Exceeds Growth Expectations, Raises 2025 Cash Flow Forecast, Announces $50.0MM Share Repurchase Plan Release Versions English Contacts Company Contacts: Theodore Wahl President and Chief Executive Officer Vikas Singh Executive Vice President and Chief Financial Officer Matthew J. McKee Chief Communications Officer 215-639-4274 investor-relations@
