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.
At Chemed Corporation's (NYSE:CHE) 2022 annual meeting, stockholders elected 10 directors and ratified PricewaterhouseCoopers LLP as independent accountants. They approved executive compensation and the 2022 Stock Incentive Plan. A quarterly cash dividend of 36 cents per share was declared, payable on June 15, 2022, to stockholders of record as of May 26, 2022. This marks the 204th consecutive quarterly dividend in Chemed's 51 years as a public company.
Chemed Corporation (NYSE:CHE) will present at the RBC Capital Markets Global Healthcare Conference on May 18, 2022, at 8:00 a.m. (ET) in New York City. Investors can access the live audio webcast on the company's website, with a replay available for 90 days post-event. Headquartered in Cincinnati, Ohio, Chemed operates two subsidiaries: VITAS Healthcare, a leading provider of hospice care, and Roto-Rooter, the top plumbing service in the U.S.
Investors should note the presence of forward-looking statements in the communications.
Chemed Corporation (NYSE:CHE) will present at the Bank of America Merrill Lynch 2022 Health Care Conference on May 10, 2022, at 9:20 AM PDT in Las Vegas. The presentation will be available via live webcast, which can be accessed on their website. A replay will be offered within 24 hours for 90 days. Chemed operates two main subsidiaries: VITAS Healthcare, the largest provider of end-of-life hospice care, and Roto-Rooter, a leading plumbing service.
Chemed Corporation (NYSE: CHE) reported Q1 2022 financial results, revealing a 0.6% revenue increase to $531 million. GAAP Diluted EPS rose 5.2% to $4.22, while Adjusted Diluted EPS increased 7.9% to $4.79. However, VITAS Healthcare's revenue declined 5.3% to $299 million, with significant drops in admissions and patient revenue. Conversely, Roto-Rooter experienced a 9.4% revenue growth to $231 million, contributing positively to overall performance. Chemed also repurchased shares valued at $27.4 million.
Chemed Corporation (NYSE: CHE) is set to release its financial results for Q1 2022 on April 26, 2022, after market close. A conference call will follow on April 27, 2022, at 10 a.m. ET to discuss the results and provide business updates. U.S. participants can dial 844-743-2500, while international participants can use +1 661-378-9533. Replay access will be available for one week post-call. Chemed operates VITAS Healthcare and Roto-Rooter, leading in hospice and plumbing services, respectively.
Chemed Corporation (NYSE:CHE) will present virtually at the Oppenheimer 32nd Annual Healthcare Conference on March 16, 2022, at 8:40 a.m. (ET). The presentation will be available via live webcast on the company's website, and a replay will be accessible within 24 hours for 90 days. Chemed operates VITAS Healthcare, the largest hospice care provider, and Roto-Rooter, the leading plumbing services provider in the U.S. Investors are reminded that statements made during the conference may include forward-looking information subject to risks.
Chemed Corporation (CHE) reported fourth-quarter 2021 financial results, highlighting a 1.4% revenue increase to $541 million. GAAP diluted EPS stood at $4.81, with adjusted diluted EPS rising 2.3% to $5.25. VITAS segment experienced a 4.8% revenue decline to $316 million, with a notable drop in admissions of 9.5%. In contrast, Roto-Rooter achieved an 11.8% revenue increase to $225 million and adjusted EBITDA grew 14.2%. The company anticipates a 1.5% to 2.5% revenue decline for VITAS in 2022, while Roto-Rooter projects 8% to 9.5% growth.
Chemed Corporation (NYSE:CHE) has announced a quarterly cash dividend of
Chemed Corporation (NYSE:CHE) will release its fourth quarter financial results for the period ending December 31, 2021, on February 24, 2022, after market close. A conference call to discuss these results is scheduled for February 25, 2022, at 10 a.m. ET, accessible via phone and webcast. Chemed operates VITAS Healthcare, the largest hospice provider, and Roto-Rooter, a leading plumbing service. Forward-looking statements regarding the company's performance highlight inherent risks that could lead to actual results differing materially from projections.
Chemed Corporation (NYSE:CHE) will present at the BofA Securities 2021 Virtual Home Care Conference on December 7, 2021, at 11:00 AM (ET). The presentation will be available via live webcast on the Chemed website, with a replay accessible within 24 hours for 90 days. Headquartered in Cincinnati, Ohio, Chemed operates subsidiaries VITAS Healthcare, the largest end-of-life hospice care provider, and Roto-Rooter, the leading plumbing and drain cleaning service in the U.S.
FAQ
What is the current stock price of Chemed Corporation (CHE)?
What is the market cap of Chemed Corporation (CHE)?
What is Chemed Corporation?
What services does VITAS Healthcare provide?
What does Roto-Rooter Services Company do?
Where does Chemed Corporation generate most of its revenue?
How is the VITAS segment financed?
What recent achievements has Chemed Corporation accomplished?
What is the main focus of Chemed Corporation's long-term vision?
Who are the primary customers of Roto-Rooter Services?
Where is Chemed Corporation headquartered?
What is the significance of Chemed's diversified business model?
