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Chemed Corporation reported a slight increase in revenue for Q1 2022, with overall revenue rising by 0.6% to $531 million. While Roto-Rooter saw a revenue increase, VITAS experienced a decline. GAAP EPS increased by 5.2% to $4.22, and adjusted EPS increased by 7.9% to $4.79.
Chemed's revenue increased by 0.6% to $531 million.
GAAP Diluted Earnings-per-Share (EPS) increased 5.2% to $4.22.
Adjusted Diluted EPS increased 7.9% to $4.79.
Roto-Rooter's revenue increased 9.4%, while VITAS' net patient revenue decreased by 5.3%.
Management anticipates providing updated 2022 earnings guidance as part of the June 30, 2022, earnings press release.
Visualization of income flow from segment revenue to net income