earnings
confidence high
sentiment positive
materiality 0.75
Chemed Q2 adj EPS $4.84, raises FY22 guidance low-end to $19.30; Roto-Rooter revenue +6%
CHEMED CORP
2022-Q2 EPS reported
$8.62
revenue$1,061,837,000
- Revenue $531M, down 0.2% YoY; GAAP diluted EPS $4.40 (+25.4%); adjusted diluted EPS $4.84 (+5.2%).
- VITAS revenue $298M (-4.5%); ADC 17,315 (-3.8%); admissions -12.5%; adj EBITDA margin 16.7% (-78bps).
- Roto-Rooter revenue $233M (+6.0%); adj EBITDA $69.0M (+7.4%); margin 29.6% (+39bps).
- FY2022 adjusted EPS guidance raised to $19.30-$19.50 from $19.10-$19.50; VITAS rev. decline 4.5-5.0%, Roto-Rooter growth 5.5-5.7%.
- Repurchased 100,000 shares for $49.9M at avg $498.61; entered new $550M credit agreement in June.