Net income for Q2 was $22.7 mln, with diluted EPS of $0.32
Company repurchased $20.9 mln in shares under existing buyback plan
Result Drivers
Cost control - Co said cost of services was managed at 84.1%, below its 86% target
Operational discipline - CEO cited disciplined execution across operations as supporting Q2 results
Segment performance - Environmental and Dietary Services segments reported revenues of $213.2 mln and $257.6 mln, with margins of 13.3% and 7.5%, respectively
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
HCSG•
