Chemed Corp. Reports Q3 Earnings Growth and Revenue Increase

Chemed Corp. has reported a year-over-year increase in earnings and revenue for the third quarter, reflecting strong financial performance. The company's EPS has improved, indicating effective operational management according to the report.

Date: 30-10-2024

AI Rating: 7

Chemed Corp. reported third quarter earnings of $75.8 million, which reflects an increase from $74.9 million in the same period last year. The Earnings Per Share (EPS) also saw a growth, increasing to $5 from $4.93, signifying a strong performance in net income.

Additionally, the company experienced a revenue growth of 7.4%, rising to $606.181 million from $564.532 million in the prior year. This increase in revenue is a positive indicator of the company’s operational effectiveness and market position.

Furthermore, adjusted earnings (exceeding items) totalled $85.5 million or $5.64 per share for the quarter, demonstrating solid profit margins. Chemed Corp. has also provided guidance for full year EPS in the range of $23.00 to $23.15, which could signal further confidence in its ongoing financial performance.

Stocks: CHE