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Chemed Corporation - CHE STOCK NEWS

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.

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Chemed (NYSE: CHE) will release its second-quarter financial results for 2024 on July 24, following the close of trading on the NYSE.

The company will hold a conference call and webcast at 10 a.m. ET on July 25 to discuss the results and provide an update on its business. Participants can access the live webcast through Chemed's investor relations website or by registering for the teleconference. A replay of the call will be available approximately two hours after its conclusion.

Chemed, headquartered in Cincinnati, operates VITAS Healthcare, the largest U.S. provider of end-of-life hospice care, and Roto-Rooter, the leading provider of plumbing and drain cleaning services.

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Chemed (NYSE: CHE) will present at the Jefferies 2024 Global Healthcare Conference on Wednesday, June 5, 2024, at 9:00 a.m. (ET). The event will be held at the New York Marriott Marquis, with a live webcast available on the Chemed website. The webcast replay will be accessible for 90 days post-event. Chemed, headquartered in Cincinnati, Ohio, operates two subsidiaries: VITAS Healthcare, the largest provider of end-of-life hospice care in the U.S., and Roto-Rooter, the leading provider of plumbing and drain cleaning services in the U.S.

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Chemed (NYSE:CHE) held its 2024 annual stockholders’ meeting, where 10 directors were elected, and PricewaterhouseCoopers LLP was ratified as the independent accountant for 2024. Stockholders approved the executive compensation but voted against a proposal on termination pay. Subsequently, Chemed's Board declared a quarterly cash dividend of 40 cents per share, payable on June 18, 2024, to stockholders of record as of May 30, 2024. This marks the 212th consecutive quarterly dividend in the company's 53-year history as a public entity. Chemed operates VITAS Healthcare, the nation's largest hospice care provider, and Roto-Rooter, a leading plumbing and drain cleaning service provider.

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Chemed (CHE) will present at the Bank of America Securities Health Care Conference 2024 on May 14, 2024. The presentation will be webcast live and available for replay on the Chemed website. Chemed operates VITAS Healthcare and Roto-Rooter, with a focus on end-of-life hospice care and plumbing services.

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Chemed (NYSE: CHE) reported positive financial results for the first quarter of 2024, with a 5.2% revenue increase to $589.2 million. GAAP Diluted EPS increased by 18.4% to $4.24, while Adjusted Diluted EPS rose by 21.5% to $5.20. VITAS segment saw growth in Net Patient Revenue, ADC, and Admissions. Roto-Rooter segment experienced a decrease in revenue but maintained a 51.9% gross margin. Chemed had total cash of $313.4 million with no debt. Management provided a full-year 2024 earnings per diluted share guidance range of $23.30 to $23.70.
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VITAS Healthcare , a subsidiary of Chemed , completed the purchase of hospice operations and an assisted living facility from Covenant Health and Community Services for $85 million. The transaction covers Florida and Alabama markets and closed on April 17, 2024.
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Chemed (CHE) to Release Q1 2024 Financial Results; Conference Call Scheduled for April 25, 2024
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VITAS Healthcare Corporation, a subsidiary of Chemed Corporation, acquires hospice operations and assisted living facility from Covenant Health and Community Services for $85 million. The transaction spans Florida and Alabama markets and is set to close in the second quarter.
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Chemed Corporation (NYSE:CHE) will present at the Oppenheimer 34th Annual Healthcare Conference. The virtual presentation will be webcast live on March 12, 2024, accessible on the Chemed website. Chemed operates VITAS Healthcare and Roto-Rooter, focusing on end-of-life hospice care and plumbing services.
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Chemed Corporation (CHE) reported financial results for Q4 2023, showing revenue growth of 7.2%. VITAS segment saw a 13.6% increase in net patient revenue, while Roto-Rooter experienced a 1.1% revenue decline. Chemed had total cash of $264.0 million with no debt as of December 31, 2023. 2024 guidance predicts VITAS revenue to increase by 9.0% to 9.8% and Roto-Rooter revenue to grow by 3.5% to 4.0%.
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FAQ

What is Chemed Corporation?

Chemed Corporation is a diversified holding company that operates primarily through its subsidiaries, VITAS Healthcare Corporation and Roto-Rooter Services Company.

What services does VITAS Healthcare provide?

VITAS Healthcare specializes in hospice and palliative care services for terminally ill patients, offering comprehensive support through physicians, nurses, and volunteers.

What does Roto-Rooter Services Company do?

Roto-Rooter Services Company provides plumbing, drain cleaning, and water restoration services to residential and commercial customers across the United States.

Where does Chemed Corporation generate most of its revenue?

Chemed Corporation generates the majority of its revenue in the United States, primarily through its VITAS Healthcare and Roto-Rooter subsidiaries.

How is the VITAS segment financed?

The VITAS segment receives the majority of its revenue from Medicare and Medicaid reimbursement programs.

What recent achievements has Chemed Corporation accomplished?

Recent achievements include significant growth in VITAS’s patient base and operational efficiencies, along with revenue growth in Roto-Rooter due to high demand for emergency plumbing services.

What is the main focus of Chemed Corporation's long-term vision?

Chemed Corporation's long-term vision is to deliver high-quality, reliable services in healthcare and plumbing sectors and to expand its market presence through strategic growth initiatives.

Who are the primary customers of Roto-Rooter Services?

Roto-Rooter serves both residential and commercial customers needing plumbing, drain cleaning, and water restoration services.

Where is Chemed Corporation headquartered?

Chemed Corporation is headquartered in Cincinnati, Ohio.

What is the significance of Chemed's diversified business model?

The diversified business model helps Chemed Corporation mitigate risks and stabilize revenue streams by having strong performances from both healthcare and plumbing service segments.

Chemed Corporation

NYSE:CHE

CHE Rankings

CHE Stock Data

8.28B
15.14M
2.16%
97.4%
1.86%
Home Health Care Services
Health Care and Social Assistance
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United States of America
CINCINNATI