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) has authorized an additional $300 million for stock repurchase under its existing program, funded by operational cash and a revolving credit facility. This move aims to enhance shareholder value by reducing the number of outstanding shares, potentially leading to an increase in earnings per share (EPS). Chemed is known for its subsidiaries VITAS Healthcare, the largest hospice care provider, and Roto-Rooter, a leading plumbing service.
Chemed Corporation (NYSE:CHE) has declared a quarterly cash dividend of 36-cents per share, payable on December 6, 2021 to shareholders of record as of November 15, 2021. This dividend matches the amount paid in September 2021 and marks the 202nd consecutive quarterly dividend since the company's inception as a public entity 50 years ago. Chemed operates VITAS Healthcare and Roto-Rooter, leading providers in hospice care and plumbing services, respectively.
Chemed Corporation (NYSE:CHE) will present at the Credit Suisse 30th Annual Virtual Healthcare Conference on November 10, 2021, at 1:00 p.m. ET. The presentation will be available via live webcast on their website, www.chemed.com, with a replay accessible within 24 hours for 90 days. Chemed, headquartered in Cincinnati, Ohio, operates VITAS Healthcare, the largest provider of hospice care, and Roto-Rooter, a leading plumbing service.
Chemed Corporation (NYSE: CHE) reported its Q3 2021 results with mixed performance. Overall revenue rose 2.0% to $539 million. The diluted EPS increased by 9.9% to $4.55, while adjusted diluted EPS rose 4.1% to $5.06. The VITAS segment faced challenges, with net patient revenue declining 5.8% to $317 million, while Roto-Rooter experienced a robust 15.7% revenue growth to $221 million. Adjusted EBITDA for VITAS fell 11.5% to $60.4 million, but Roto-Rooter’s adjusted EBITDA surged 27.1% to $65.8 million.
Chemed Corporation (NYSE:CHE) announced it will release its third-quarter financial results for the period ending September 30, 2021, on October 28, 2021, post-market close. A conference call to discuss these results will take place on October 29, 2021, at 10 a.m. ET. Participants can join the call using the toll-free dial-in number or access the live webcast on Chemed's website. Chemed operates two key subsidiaries: VITAS Healthcare, a leading hospice care provider, and Roto-Rooter, a top plumbing service provider.
Chemed Corporation (NYSE:CHE) has declared a quarterly cash dividend of 36 cents per share, marking a 5.9% increase from the previous 34-cent dividend. This dividend is payable on September 2, 2021, to shareholders on record as of August 16, 2021. This announcement highlights the company’s commitment to returning value to its shareholders, as it represents the 201st consecutive quarterly dividend in Chemed's 50-year history as a public company.
Chemed Corporation (NYSE: CHE) reported Q2 2021 results with revenue up 6.0% to $532 million. GAAP EPS fell 29.9% to $3.51, while adjusted EPS rose 4.3% to $4.60. VITAS saw a 4.7% revenue decline to $312 million, despite a slight increase in admissions. Roto-Rooter’s revenue soared 26.1% to $220 million, with a 40.1% increase in net income. Adjusted EBITDA for VITAS dropped 24.4%, while Roto-Rooter's adjusted EBITDA surged 37.2%. Chemed has $92 million in cash, no long-term debt, and plans to continue share repurchases.
Chemed Corporation (NYSE:CHE) will release its second quarter financial results on July 27, 2021, after market close. The company plans to host a conference call and webcast on July 28, 2021, at 10 a.m. ET to discuss the results and provide business updates. Participants can access the call via toll-free numbers or through a live webcast on Chemed's website. The replay will be available later for one week. Chemed operates VITAS Healthcare and Roto-Rooter, with VITAS being the largest hospice care provider in the U.S.
Chemed Corporation (NYSE:CHE) will present at the Jefferies 2021 Virtual Healthcare Conference on June 2, 2021, at 11:30 a.m. (ET). The presentation will be available via live webcast, with materials accessible on the Chemed website. A replay will be available within 24 hours and can be accessed for 90 days. Chemed operates two subsidiaries: VITAS Healthcare, the largest provider of hospice care in the U.S., and Roto-Rooter, the leading plumbing and drain cleaning service provider. Forward-looking statements are made, but investors are advised of potential risks.
Chemed Corporation (NYSE:CHE) has announced a $300 million increase in its existing stock repurchase program, signaling strong confidence in its financial position. The repurchases will be funded through operational cash and a revolving credit facility, emphasizing Chemed's commitment to enhancing shareholder value. As a leader in hospice care and plumbing services via its subsidiaries, VITAS Healthcare and Roto-Rooter, this move is expected to positively impact earnings per share (EPS) and reflect robust operational cash flow.
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