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 Corp (NYSE: CHE) delivers essential services through two core divisions: VITAS Healthcare, a leader in hospice and palliative care, and Roto-Rooter, the nation's largest plumbing and drain cleaning provider. This news hub provides timely updates on corporate developments, financial performance, and operational milestones across both sectors.
Investors and industry observers will find comprehensive coverage of earnings reports, strategic acquisitions, leadership changes, and regulatory updates. The page also tracks service expansions in end-of-life care programs and infrastructure maintenance innovations, offering insights into how Chemed maintains its dual-market leadership.
All content is curated to help stakeholders monitor the company's progress in healthcare compassion and technical service reliability. Bookmark this page for direct access to press releases, analyst commentaries, and market-moving announcements from Chemed Corporation.
Chemed Corporation (NYSE: CHE) reported its first-quarter financial results for 2023, showing a 5.6% increase in revenue to $560 million. GAAP diluted EPS was $3.58, while adjusted diluted EPS slightly rose by 0.6% to $4.82. The VITAS segment generated $310 million in net patient revenue, a 3.8% increase, despite a 10.5% decline in net income and adjusted EBITDA, largely due to Medicare sequestration cuts. Roto-Rooter saw revenue growth of 7.9% to $250 million and a 9.3% increase in net income. Chemed maintained a strong cash position of $58.1 million and reduced its term loan to $21.3 million. Management plans to update 2023 earnings guidance in June.
Chemed Corporation (NYSE: CHE) will announce its financial results for Q1 2023 on April 26, 2023, after market close. A conference call is scheduled for April 27, 2023, at 10 a.m. ET to discuss the results and provide business updates. Interested parties can join through the investor relations section of Chemed’s website or via teleconference. A replay of the call will be available two hours post-conclusion. Chemed operates VITAS Healthcare, the largest provider of hospice care in the U.S., and Roto-Rooter, a leading plumbing and drain cleaning service provider.
Chemed Corporation (NYSE:CHE) announced a virtual presentation at the Oppenheimer 33rd Annual Healthcare Conference on March 14, 2023, at 1:20 p.m. (ET). The presentation will be streamed live and can be accessed on the company's website, www.chemed.com. Following the live event, a replay will be available within 24 hours and accessible for 90 days.
Chemed, headquartered in Cincinnati, Ohio, operates two subsidiaries: VITAS Healthcare, the largest end-of-life hospice provider, and Roto-Rooter, a leading plumbing service company. The announcement highlights Chemed's commitment to transparency and investor relations.
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