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Chemed CHE Q1 2024 earnings

Reported April 24, 2024 · After market close

Revenue$589.2MMiss by $2.2M
EPS$5.20Miss by $0.28
Revenue estimate$591.5M
EPS estimate$5.48

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$674.1M
EPS estimate$6.01

Financials

Q1 2024

Income statement

See full
Revenue$589.2M+5.2%
Gross profit$204.1M+7.7%
Operating income$72.3M-0.7%
Net income$65.0M+20.1%
EPS (diluted)$4.24+18.4%

Balance sheet

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Cash & equivalents$313.4M+440%
Total debt$146.1M-11.8%
Total equity$1.2B+34.5%
Total assets$1.7B+20.7%

Cash flow

See full
Operating cash flow$84.5M+39.8%
CapEx$12.2M-28.5%
Free cash flow$72.4M+66.5%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$9.71B+19.9%
Enterprise value$9.54B+16.3%
P/E34.3×+0.5×
P/S4.2×+0.5×

Profitability

See full
Gross margin35.5%+0.3pp
Operating margin14.8%-0.3pp
Net margin12.4%+1.3pp
FCF margin13.2%+3.6pp

Returns & leverage

See full
Return on equity27.5%-3.5pp
Debt / equity0.1×-0.1×
Current ratio1.9×+1.0×

Segments

By product

See full
Drain Cleaning$61.6M-7.3%
Excavation$58.6M-1.6%
Plumbing$48.1M-4.7%
Water Restoration$46.7M-8.0%
Contractor Revenue$19.6M-15.8%

By segment

See full
Segment Vitas$363.4M+7.8%
Segment Roto Rooter$242.4M-5.6%

Versus estimates

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Questions, answered.

When did Chemed report Q1 2024 earnings?
Chemed (CHE) reported Q1 2024 earnings on April 24, 2024 after market close.
What were Chemed's Q1 2024 revenue and EPS?
Chemed reported revenue of $589.2M and eps of $5.20 for Q1 2024.
Did Chemed beat estimates in Q1 2024?
Revenue missed the consensus estimate of $591.5M by $2.2M. EPS missed the consensus estimate of $5.48 by $0.28.
Where can I find Chemed's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001562762-24-000106) directly on SEC EDGAR. The filing index links above go to sec.gov.