earnings
confidence high
sentiment neutral
materiality 0.60
Chemed Q2 revenue up 4.2% to $554M; adjusted EPS $4.71 down 2.7% YoY
CHEMED CORP
2023-Q2 EPS reported
$7.09
revenue$1,113,973,000
- GAAP diluted EPS $3.51; adjusted diluted EPS $4.71 (down 2.7% YoY).
- VITAS net revenue $321M (+7.8%); ADC 18,392 (+6.2%); admissions 15,611 (+5.9%).
- Roto-Rooter revenue $233M (-0.2%); adjusted EBITDA $65.9M (-4.5%); margin 28.3%.
- No debt; $160M cash; $405M undrawn credit facility; repurchased 25,000 shares for $13.4M.
- FY2023 adjusted EPS guidance $19.90-$20.10 vs 2022's $19.75.