Despite the GAAP EPS miss, the raised full-year guidance and strong VITAS volume growth suggest underlying momentum; however, Roto-Rooter's margin compression from elevated marketing costs may limit near-term upside. Monitor the Q2 call for clarity on sustained profitability trends.
Price Chart
Executive Summary
Chemed Corp. reported Q1 2026 EPS of $4.84 (GAAP) and $5.65 (Adjusted), missing the $5.30 consensus by 6.6%. Revenue rose 1.6% to $657.5M, slightly above estimates. The company raised full-year 2026 adjusted EPS guidance to $24.00–$24.75 (vs. prior $23.25–$24.25), citing strong VITAS performance and share repurchases, while lowering Roto-Rooter EBITDA margin outlook due to higher marketing costs.
Key Financial Metrics
Key Facts
- GAAP EPS of $4.84 missed $5.30 consensus by 8.7%
- Adjusted EPS of $5.65 beat consensus by 6.6%
- Revenue of $657.5M (1.6% YoY growth) slightly above $649.8M estimate
- VITAS revenue up 3.1%, ADC up 2.2%, admissions up 6.9%
- Roto-Rooter revenue down 0.9%, EBITDA margin down 218 bps to 22.5%
- Raised full-year 2026 adjusted EPS guidance to $24.00–$24.75 (midpoint +13% YoY)
- Repurchased 500,000 shares for $197.7M ($395.36/share)
- Entered new $450M credit facility with $313.3M undrawn capacity
Financial Impact
Adjusted EPS guidance raised to $24.00–$24.75, implying ~13% growth over 2025; Roto-Rooter margin pressure from $2M higher marketing spend
Risk Factors
- Roto-Rooter EBITDA margin guidance lowered to 21.5%–22.5% due to persistent marketing spend
- GAAP EPS miss may trigger short-term selling pressure despite adjusted beat
- Concentration risk in VITAS segment with Medicare cap exposure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3280388 |
Track record builds as more directional reports settle.
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| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | Insider Cluster | $541.34 $496.62 | ▼ −8.26% | ▼ −9.57% | $503.20 (−7.05%) |
Aug 4, 2026 8w ago | Insider Cluster | $539.72 $515.17 | ▼ −4.55% | ▼ −3.31% | $503.20 (−6.77%) |
Aug 4, 2026 8w ago | Insider Cluster | $539.72 $515.17 | ▼ −4.55% | ▼ −3.31% | $503.20 (−6.77%) |
Jul 28, 2026 9w ago | Press Release | $539.36 $548.56 | ▲ +1.71% | ▼ −3.31% | $503.20 (−6.70%) |
May 18, 2026 19w ago | Press Release | $441.62 $433.87 | ▼ −1.75% | ▼ −3.34% | $503.20 (+13.94%) |
May 1, 2026 22w ago | Insider Cluster | $422.16 $422.84 | ▲ +0.16% | ▼ −5.12% | $503.20 (+19.20%) |
Apr 23, 2026 23w ago | 8-K | $421.11 $441.55 | ▲ +4.85% | ▲ +0.83% | $503.20 (+19.49%) |
Apr 23, 2026 23w ago | Press Release | $421.11 $441.55 | ▲ +4.85% | ▲ +0.83% | $503.20 (+19.49%) |
Apr 13, 2026 24w ago | 8-K | $387.62 $421.43 | ▲ +8.72% | ▲ +0.99% | $503.20 (+29.82%) |
Feb 25, 2026 31w ago | 8-K | $396.63 $371.95 | ▼ −6.22% | ▲ +0.18% | $503.20 (+26.87%) |
US Market Status
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