Healthcare Services reports Q3 EPS 59c, consensus 20c

Reports Q3 revenue $464.34M, consensus $460.36M. Diluted EPS includes a 36c benefit, primarily related to the employee retention credit of 39c. Ted Wahl, CEO, stated, “We delivered strong third quarter results – marked by year-over-year and sequential increases in revenue, earnings, and cash flow – and we have carried that positive momentum into the fourth quarter. New client wins and high retention rates drove our topline growth, and our field-based teams’ operational excellence led to quality service outcomes and consistent margins. Cash collection trends remain positive and our balance sheet is strong. We are confident that continuing to execute on our strategic priorities, supported by our robust business fundamentals, will enable us to drive growth, while delivering sustainable, profitable results.”