earnings
confidence high
sentiment neutral
materiality 0.75
Chemed Q3 revenue down 2.3% to $526M; raises 2022 adjusted EPS guidance to $19.60-$19.70
CHEMED CORP
2022-Q3 EPS reported
$12.41
revenue$1,588,309,000
- GAAP diluted EPS of $3.78; adjusted diluted EPS of $4.74, down 6.3% YoY.
- VITAS net revenue fell 6.6% to $297M; ADC down 4.4% to 17,242; admissions down 16.6%.
- Roto-Rooter revenue rose 3.9% to $230M; adjusted EBITDA margin improved 50bps to 30.2%.
- Company repurchased 50,000 shares for $23.9M at avg cost $477.68; $101M authorization remaining.
- 2022 adjusted EPS guidance raised to $19.60-$19.70 from $19.30-$19.50; VITAS revenue forecast down 4.5%-5%.