Welcome to our dedicated page for Chemed news (Ticker: CHE), a resource for investors and traders seeking the latest updates and insights on Chemed stock.
Chemed Corporation (NYSE: CHE) is a Cincinnati-based holding company that operates two distinct businesses: VITAS Healthcare and Roto-Rooter. This news page aggregates press releases and third-party coverage related to Chemed’s hospice operations and plumbing and drain cleaning services, giving investors and observers a single place to review company developments.
VITAS Healthcare is described by the company as the nation’s largest provider of end-of-life hospice care. News about VITAS often covers quarterly financial results, trends in net patient revenue, average daily census, admissions, Medicare reimbursement dynamics, and Medicare Cap billing limitations, particularly in key markets such as Florida and California. Updates can also include regulatory milestones, such as Certificates of Need in new counties, and changes in leadership at the VITAS level.
Roto-Rooter is characterized as the nation’s leading provider of plumbing and drain cleaning services. Coverage related to this segment typically includes segment revenue performance, commercial and residential demand trends, and results in service categories such as plumbing, drain cleaning, excavation, and water restoration. Company communications also discuss how Roto-Rooter operates through branches, independent contractors, franchisees, and licensed master franchisees in several countries.
Chemed regularly issues announcements about quarterly earnings, guidance revisions, dividend declarations, stock repurchase authorizations, and participation in healthcare and home care conferences. This news feed allows readers to follow how VITAS and Roto-Rooter contribute to consolidated results, how management responds to reimbursement and demand conditions, and how capital allocation decisions such as dividends and buybacks evolve over time.
For anyone tracking CHE, this page provides a convenient way to review historical and recent news items related to the company’s hospice care and plumbing and drain cleaning operations.
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.
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.