Chemed Corp. (CHE) reported net income for the first quarter of $22.2 million or $1.17 per share, compared to $20.4 million or $1.06 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $26.2 million or $1.38 per share, compard to $23.3 million or $1.21 per share in the prior year quarter.
Meanwhile, revenue for the latest quarter increased 3.9% to $366.64 million from $352.94 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $1.28 per share on revenue of $365.08 million for the first quarter. Analysts' estimates typically exclude special items.
Chemed operates VITAS Healthcare Corp., the largest U.S. provider of end-of-life care, and Roto-Rooter, the largest U.S. commercial and residential plumbing and drain cleaning services provider.
Net revenue for VITAS was $271.32 million in the first quarter, up from $260.34 million a year earlier.
Roto-Rooter's plumbing and drain cleaning business generated sales of $95.31 million for the first quarter, an increase from $90.0 million in the prior-year quarter.
Looking forward, the company sees full-year 2013 revenue growth in VITAS, prior to Medicare Cap, to be in the range of 4.5% to 5.5%, while anticipating Roto-Rooter to achieve full-year 2013 revenue growth between 2.5% and 4.0%. Analysts expect the company to report sales of $1.49 billion for 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.