Q2 2026 Chemed Corp Earnings Call Transcript

Jul 29, 2026 / 02:00 PM GMT

Release Date Price: €450

Transcript 10-Q8-K

Key Points

Positve

Vitas's performance exceeded expectations, with accelerated admissions from non-hospital preadmission locations and maintained high hospital-based admissions.
Hospice labor costs were kept lower than budgeted, contributing to higher revenue growth and EBITDA margins.
Roto Rooter's commercial sales and water restoration collections exceeded expectations, with a 6.8% increase in commercial revenue.
The centralization of water restoration billing and collections improved collections and reduced employee numbers by approximately 20.
Chemed Corp (CHE) generated cash flow from operations exceeding $173 million, allowing for strategic acquisitions and aggressive share repurchases.

Negative

Lead generation and customer acquisition costs remain a challenge, with a 1.6% decline in total leads and increased marketing spend of $3.1 million.
Roto Rooter's independent contractor business continues to face challenges, with a 1.9% decline in revenue.
Water restoration revenue declined by 6.7%, and the average revenue per job decreased by 3.5% during the transition to a centralized billing model.
Increased internet marketing costs impacted Roto Rooter's adjusted EBITDA margin, which declined by 77 basis points.
The mix of paid leads increased to 59%, up from 54% in the previous year, indicating a higher reliance on paid marketing channels.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CHE.N - Chemed Corp
Q2 2026 Chemed Corp Earnings Call
Jul 29, 2026 / 02:00PM GMT

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Presentation
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Ever seen the screen.

We don't change.

I'm having issues with my computer, so.

I'll fix it when I go sit down.

Keep kicking me out.

I have to,

Bye.

Thank you for standing by and welcome to Kim Corporation's second quarter 2026 earnings conference call, currently all participants are in a listen-only mode.

After the speaker's presentation, there will be a question-and-answer session.

Ask a question during the session, you will need to press star 11 in your telephone.

To remove yourself from the queue, you may pressar 11 again.

I would now like to hand the call over to Holly Schmidt, Assistant Controller.

Please go ahead.

Good

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