Healthcare Services reports Q2 EPS (2c), consensus 20c

Reports Q2 revenue $426.29M, consensus $424.9M. EPS includes a 22c impact of client restructuring charges. Ted Wahl, Chief Executive Officer, stated, “Our field-based team delivered strong service execution leading to another successful quarter of managing cost of services, excluding CECL, within our targeted range. Additionally, we achieved over 96% cash collections during the quarter, which, while short of our target, showed improvement compared to last quarter and the same period last year, and importantly, keeps us on track to meet our 2024 cash flow objectives.”