---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-23-000174"
form_type: "8-K"
ticker: "CHE"
cik: "0000019584"
company_name: "CHEMED CORP"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T13:48:43.709281+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chemed Q1 revenue up 5.6% to $560M; adjusted EPS $4.82 (+0.6%)

## Summary
- GAAP diluted EPS $3.58; adjusted diluted EPS $4.82, up 0.6% YoY.
- VITAS net patient revenue $310M (+3.8%), ADC 17,830 (+3.0%), but adjusted EBITDA margin fell 234 bps to 15.1% due to sequestration and hiring.
- Roto-Rooter revenue $250M (+7.9%), adjusted EBITDA $71.8M (+9.0%), margin 28.8% (+29 bps).
- Cash $58.1M, debt $21.3M; $405M undrawn revolver.
- Management will provide updated 2023 guidance in June 2023 earnings release.

## SEC filing metadata
- accession: 0001562762-23-000174
- form_type: 8-K
- ticker: CHE
- cik: 0000019584
- company_name: CHEMED CORP
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19584/000156276223000174/0001562762-23-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19584/000156276223000174/che-20230331x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-23-000174
- JSON: https://secwatch.observer/filing/0001562762-23-000174.json
- Plain text: https://secwatch.observer/filing/0001562762-23-000174.txt

## Key facts
- Earnings Releases
  CHEMED CORP reported first quarter ended March 31, 2023 results: revenue $560 million, EPS $3.58.
  - Period: first quarter ended March 31, 2023
  - Revenue: $560 million
  - EPS: $3.58
  - Result: reported results
  source text: Chemed Corporation (Chemed) (NYSE: CHE ), which operates VITAS Healthcare Corporation (VITAS), one of the nation’s largest providers of end-of-life care, and Roto-Rooter, the nation’s largest commercial and residential plumbing and drain cleaning services provider, reported financial results for its first quarter ended March 31, 2023, versus the comparable prior-year period, as follows:  Consolidated operating results: · Revenue increased 5.6% to $560 million · GAAP Diluted Earnings-per-Share (EPS) of $3.58 · Adjusted Diluted EPS of $4.82
  evidence_url: https://www.sec.gov/Archives/edgar/data/19584/000156276223000174/0001562762-23-000174-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.