CHE · 10-Q · 2026Q1 · Full report

Revenue Performance and Mix

CHEMED CORP · 2026-04-28 · Importance 50 · Surprise 32

Consolidated service revenues for Q1 2026 were $657.5 million, a 1.6% increase versus Q1 2025 driven by a 3.1% increase at VITAS and a 0.9% decrease at Roto-Rooter. VITAS contributed a $12.6 million revenue increase in Q1 2026, driven primarily by a 2.2% increase in days-of-care and a geographically weighted Medicare reimbursement rate increase of approximately 2.6% year-over-year. Revenue headwinds included an acuity mix shift that reduced VITAS revenue growth by 120 basis points in the quarter and Medicare cap/contra revenue items that reduced growth by 47 basis points. Roto-Rooter revenue declined $2.0 million in Q1 2026, with commercial revenue down 1.9% and residential revenue down 1.5% versus Q1 2025.

Key facts

• 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
• EBITDA by segment for the three months ended March 31, 2026: VITAS $74,723 thousand, Roto-Rooter $57,871 thousand, Corporate $(26,369) thousand
• Roto-Rooter plumbing revenue for the three months ended March 31, 2026: $49,584 thousand (7.7% increase versus prior year)
• Adjusted diluted EPS for the three months ended March 31, 2026: $5.65
• Adjusted diluted EPS for the three months ended March 31, 2025: $5.63
• VITAS net revenue increased 3.1% in the three months ended March 31, 2026 versus prior year
• VITAS routine homecare revenue for the three months ended March 31, 2026: $371,091 thousand (5.6% increase versus prior year)
• Roto-Rooter drain cleaning revenue for the three months ended March 31, 2026: $59,735 thousand (0.3% increase versus prior year)

Impact estimates