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 reports developments across two wholly owned subsidiaries: VITAS Healthcare, a provider of hospice and palliative end-of-life care, and Roto-Rooter, which provides plumbing, drain cleaning, water restoration and related services to residential and commercial customers.
Company news commonly covers quarterly operating results, VITAS patient revenue, admissions and census measures, Roto-Rooter service demand, franchise territory acquisitions, credit facility updates, share repurchases, new hospice-care locations and investor conference presentations.
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.
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.