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) held its annual stockholders’ meeting today, where a slate of 10 directors was elected for another term. Stockholders approved the continuation of PricewaterhouseCoopers LLP as independent accountants for 2021 and ratified executive compensation. Notably, a quarterly cash dividend of 34 cents per share was declared, payable on June 16, 2021, to shareholders of record as of May 27, marking Chemed's 200th consecutive quarterly dividend in its 50 years as a public company.
Chemed Corporation (NYSE:CHE) will present virtually at the RBC Capital Markets Global Healthcare Conference on May 19, 2021, at 10:20 a.m. (ET). The audio webcast will be available on the Chemed website shortly after the presentation and will remain accessible for 90 days. Chemed, headquartered in Cincinnati, operates VITAS Healthcare, the largest end-of-life hospice provider, and Roto-Rooter, a leading plumbing service. Investors should note the forward-looking statements in this release, which are subject to risks and uncertainties that could affect actual outcomes.
Chemed Corporation (NYSE:CHE) will present at the BofA Securities 2021 Virtual Health Care Conference on May 11, 2021, at 12:30 PM ET. The presentation will be webcast live on the Chemed website, with materials available for access. A replay will be available within 24 hours and can be accessed for 90 days. Chemed operates VITAS Healthcare, the largest provider of hospice care in the U.S., and Roto-Rooter, a leading plumbing and drain cleaning company. Forward-looking statements are included in the release, with caution regarding inherent risks.
Chemed Corporation (NYSE: CHE) reported Q1 2021 financial results, showing a 2.2% revenue increase to $527 million. GAAP EPS rose 18.6% to $4.01, with adjusted EPS up 20.7% to $4.44. However, VITAS Healthcare saw a 6.5% decline in net patient revenue to $316 million, impacted by lower census and admissions. Contrastingly, Roto-Rooter experienced 18.9% revenue growth to $212 million, driven by a 32% increase in residential plumbing services. The company has $210 million in cash, no debt, and plans to update 2021 earnings guidance in July.
Chemed Corporation (NYSE:CHE) will release its financial results for Q1 2021 on April 27, 2021, after the market closes. A conference call is scheduled for April 28, 2021, at 10 a.m. ET to discuss these results and provide business updates. Investors can join via a toll-free number or through a live webcast on Chemed's website. The company operates two subsidiaries, VITAS Healthcare, the largest hospice care provider, and Roto-Rooter, the leading plumbing service in the U.S.
Chemed Corporation (NYSE:CHE) will present virtually at the Oppenheimer 31st Annual Healthcare Conference on March 17, 2021, at 8:40 a.m. ET. The presentation will be accessible live via the Chemed website, with materials available for download. A replay of the webcast will be available within 24 hours and remain accessible for 90 days. Headquartered in Cincinnati, Ohio, Chemed operates VITAS Healthcare, the largest provider of hospice care, and Roto-Rooter, the leading plumbing service in the U.S.
Chemed Corporation reported its fourth-quarter 2020 financial results, indicating a 2.1% revenue increase to $533 million. GAAP diluted EPS rose to $6.96, a 75.8% increase. The VITAS segment faced a 2.3% decline in net patient revenue, totaling $332 million, with admissions increasing by 2.8%. In contrast, Roto-Rooter reported a 10.2% revenue rise to $201 million. The company anticipates VITAS revenue to drop by 4.0% in 2021, while Roto-Rooter expects 5%-6% growth. Chemed had $163 million in cash and no long-term debt.
Chemed Corporation (NYSE:CHE) has declared a quarterly cash dividend of 34 cents per share, payable on March 19, 2021, to shareholders of record as of March 1, 2021. This marks the 199th consecutive quarterly dividend during its 49 years as a public entity. The dividend amount remains consistent with the previous payment made in December 2020. Chemed operates two subsidiaries, VITAS Healthcare and Roto-Rooter, providing hospice care and plumbing services respectively.
Chemed Corporation (NYSE: CHE) will release its financial results for the fourth quarter ended December 31, 2020, on February 23, 2021, after market close. A conference call to discuss these results will be held on February 24, 2021, at 10 a.m. ET. The call is accessible via dial-in numbers for U.S. and international participants. Chemed operates two key subsidiaries: VITAS Healthcare, the largest provider of hospice care, and Roto-Rooter, a leading plumbing service provider.
Chemed Corporation (NYSE:CHE) declared a quarterly cash dividend of 34 cents per share, payable on December 7, 2020, to shareholders of record as of November 16, 2020. This marks the 198th consecutive quarterly dividend in the company's 49 years as a public entity. The dividend amount remains the same as the one paid in September 2020, reflecting Chemed's ongoing commitment to shareholder returns.
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