Welcome to our dedicated page for Chemed Corporation news (Ticker: CHE), a resource for investors and traders seeking the latest updates and insights on Chemed Corporation stock.
Chemed Corporation (symbol: CHE) is a diversified holding company that operates through its two significant subsidiaries: VITAS Healthcare Corporation and Roto-Rooter Services Company. With its headquarters in Cincinnati, Ohio, Chemed’s operations are concentrated in the United States, where it generates the majority of its revenue.
VITAS Healthcare Corporation is one of the leading providers of hospice care services in the nation. Specialized in end-of-life care for terminally ill patients, VITAS offers comprehensive palliative care through a dedicated network of professionals including physicians, registered nurses, home health aides, social workers, and volunteers. The revenue for this segment comes predominantly from Medicare and Medicaid reimbursement programs, making it a substantial part of Chemed’s financial structure.
On the other hand, Roto-Rooter Services Company is the largest provider of plumbing, drain cleaning, and water restoration services in the United States. Catering to both residential and commercial customers, Roto-Rooter ensures 24/7 services to meet urgent and routine plumbing needs. This segment also plays a crucial role in Chemed’s revenue generation, supporting the company’s diversified business model.
Chemed Corporation has showcased resilience and strong financial health through consistent performance improvements and strategic expansions. Recent achievements include significant growth in the VITAS segment, driven by an increase in the number of patients served and enhanced operational efficiencies. Additionally, Roto-Rooter’s revenue growth has been fueled by robust demand for emergency plumbing services and effective market penetration strategies.
With a forward-looking approach, Chemed continues to expand its footprint in the healthcare and plumbing services sectors through innovations, strategic acquisitions, and partnerships. The company’s long-term vision focuses on delivering high-quality, reliable services to meet the evolving needs of its diverse customer base.
Chemed Corporation (NYSE: CHE) reported its first-quarter financial results for 2023, showing a 5.6% increase in revenue to $560 million. GAAP diluted EPS was $3.58, while adjusted diluted EPS slightly rose by 0.6% to $4.82. The VITAS segment generated $310 million in net patient revenue, a 3.8% increase, despite a 10.5% decline in net income and adjusted EBITDA, largely due to Medicare sequestration cuts. Roto-Rooter saw revenue growth of 7.9% to $250 million and a 9.3% increase in net income. Chemed maintained a strong cash position of $58.1 million and reduced its term loan to $21.3 million. Management plans to update 2023 earnings guidance in June.
Chemed Corporation (NYSE: CHE) will announce its financial results for Q1 2023 on April 26, 2023, after market close. A conference call is scheduled for April 27, 2023, at 10 a.m. ET to discuss the results and provide business updates. Interested parties can join through the investor relations section of Chemed’s website or via teleconference. A replay of the call will be available two hours post-conclusion. Chemed operates VITAS Healthcare, the largest provider of hospice care in the U.S., and Roto-Rooter, a leading plumbing and drain cleaning service provider.
Chemed Corporation (NYSE:CHE) announced a virtual presentation at the Oppenheimer 33rd Annual Healthcare Conference on March 14, 2023, at 1:20 p.m. (ET). The presentation will be streamed live and can be accessed on the company's website, www.chemed.com. Following the live event, a replay will be available within 24 hours and accessible for 90 days.
Chemed, headquartered in Cincinnati, Ohio, operates two subsidiaries: VITAS Healthcare, the largest end-of-life hospice provider, and Roto-Rooter, a leading plumbing service company. The announcement highlights Chemed's commitment to transparency and investor relations.
Chemed Corporation (NYSE: CHE) released its fourth-quarter results for 2022, reporting a revenue increase of 1.0% to $547 million. The company’s GAAP diluted EPS stood at $4.13, while adjusted diluted EPS rose 2.7% to $5.39. VITAS Healthcare segment revenue dropped by 2.5% to $308 million, with declines in patient admissions and average daily census. In contrast, Roto-Rooter’s revenue increased by 6.1% to $239 million, driven by a rise in both residential and commercial services. For 2023, VITAS anticipates revenue growth of 6.0% to 7.0%, while Roto-Rooter is expected to grow by 5.0% to 5.5%. The company also repurchased 25,000 shares for $13 million.
Chemed Corporation (NYSE:CHE) has declared a quarterly cash dividend of
Chemed Corporation (NYSE: CHE) has announced that it will release its financial results for the fourth quarter ended December 31, 2022, on February 23, 2023, post-market close. A conference call will be held on February 24, 2023, at 10 a.m. ET to discuss the quarterly results and provide a business update. Investors can access the conference call via the investor relations section of Chemed's website. Chemed operates VITAS Healthcare, the largest provider of end-of-life hospice care, and Roto-Rooter, the leading plumbing and drain cleaning service provider in the nation.
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