CHE · Full Picture

CHEMED CORP — the full picture

Earnings window · 2026-04-07 to 2026-07-25 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Capital Return Program · Buybacks & dividendsPriority 68
    -13.1% cash (realized)
    Treasury stock increased $201.1 million from December 31, 2025 to March 31, 2026 due to stock repurchases
  2. Interest Rate and Refinancing Exposure · Interest ratesPriority 61
    qualitative only
    As of March 31, 2026, the interest rate on the Credit Agreement is SOFR plus 100 basis points
  3. Liquidity and Credit Agreement · Liquidity & cash positionPriority 60
    -2.5% liability; 1 forward row(s)
    The new Credit Agreement consists of a five-year $450.0 million revolving credit facility including $100.0 million for letters of credit
  4. Liquidity and Cash Position · Liquidity & cash positionPriority 57
    -5.9% liability (realized)
    Long-term debt increased $91.2 million from December 31, 2025 to March 31, 2026 due primarily to the acquisitions and stock repurchases
  5. Revenue Concentration Risk · Customers & concentrationPriority 50
    qualitative only
  6. Customer Payment Timing / AR Volatility · UnclassifiedPriority 44
    +2.1% assets (realized)
    Company typically receives a payment in excess of $62.0 million from the Federal government for hospice services every other Friday
  7. Roto-Rooter Pricing and Job Count Trends · Pricing & realizationPriority 43
    qualitative only
    The increase in Roto-Rooter plumbing revenues was attributable to a 14.1% increase in price and service mix offset by a 6.4% decrease in job count
  8. VITAS continuous care decline · UnclassifiedPriority 42
    -1.0% revenue (realized)
    VITAS continuous care revenue for the three months ended March 31, 2026: $18,133 thousand, down 26.4% versus $24,637 thousand in prior year
  9. Acquisitions and Dispositions · M&A and divestituresPriority 41
    +1.3% assets (realized)
    Goodwill increased $20.5 million from December 31, 2025 to March 31, 2026 due to two acquisitions at Roto-Rooter
  10. Revenue Performance and Mix · Revenue growth & mixPriority 39
    +0.5% revenue (realized)
    Adjusted EBITDA by segment for the three months ended March 31, 2026: VITAS $68,390 thousand, Roto-Rooter $53,511 thousand, Corporate $(5,644) thousand
  11. Competition and Market Share · Competition & market sharePriority 37
    qualitative only
  12. Income Tax and Payables · TaxPriority 36
    -1.5% liability (realized)
    Income tax provision for the three months ended March 31, 2026: $22,538 thousand

Threads by pillar

Revenue & Demand Priority 71 · 5 threads

Costs & Margins Priority 41 · 2 threads

Capital & Balance Sheet Priority 79 · 4 threads

Strategy & Portfolio Priority 41 · 1 thread

Legal, Regulatory & Policy Priority 48 · 3 threads

Guidance & Outlook Priority 27 · 1 thread

Macro & Market Conditions Priority 69 · 3 threads

Unclassified Priority 62 · 4 threads

Expected impact by metric

metricforward netforward grossrealized
liability-2.5%+2.5%-7.5%
net_income——-1.5%
operating_income——-1.5%
revenue——-3.0%
cash——-9.5%
assets——+3.5%