Chemed Corp Files Q2 2024 10-Q
Ticker: CHE · Form: 10-Q · Filed: Jul 26, 2024 · CIK: 19584
| Field | Detail |
|---|---|
| Company | Chemed Corp (CHE) |
| Form Type | 10-Q |
| Filed Date | Jul 26, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Chemed Corp dropped its Q2 2024 10-Q. Financials look solid.
AI Summary
Chemed Corporation filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The filing covers the second quarter of 2024 and includes detailed financial statements and disclosures. Key financial data and operational highlights for the period are presented.
Why It Matters
This filing provides investors and analysts with the latest financial health and operational performance of Chemed Corp, crucial for investment decisions.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant new risks.
Key Numbers
- Q2 2024 — Reporting Period (Second quarter financial results)
- 2024-01-01 to 2024-06-30 — Period Covered (First six months of fiscal year 2024)
- 2023-01-01 to 2023-06-30 — Prior Period (First six months of fiscal year 2023 for comparison)
Key Players & Entities
- CHEMED CORP (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240726 (date) — Filing date
- ROTO-ROOTER INC (company) — Former company name
FAQ
What is the primary business of Chemed Corp?
Chemed Corp operates in the Services-Home Health Care Services sector, as indicated by its SIC code [8082].
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on July 26, 2024.
What is the fiscal year end for Chemed Corp?
Chemed Corp's fiscal year ends on December 31.
What was Chemed Corp's former name?
Chemed Corp was formerly known as ROTO-ROOTER INC.
What period does this 10-Q report cover?
This 10-Q report covers the period ending June 30, 2024, specifically the second quarter of 2024.
Filing Stats: 4,566 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2024-07-26 09:01:22
Key Financial Figures
- $1 — istered Amount Date Capital Stock $1 Par Value CHE New York Stock Exchan
Filing Documents
- che-20240630x10q.htm (10-Q) — 6761KB
- che-20240630xex31_1.htm (EX-31.1) — 16KB
- che-20240630xex31_2.htm (EX-31.2) — 16KB
- che-20240630xex32_1.htm (EX-32.1) — 10KB
- che-20240630xex32_2.htm (EX-32.2) — 10KB
- 0001562762-24-000183.txt ( ) — 16450KB
- che-20240630.xsd (EX-101.SCH) — 48KB
- che-20240630_cal.xml (EX-101.CAL) — 64KB
- che-20240630_def.xml (EX-101.DEF) — 126KB
- che-20240630_lab.xml (EX-101.LAB) — 347KB
- che-20240630_pre.xml (EX-101.PRE) — 309KB
- che-20240630x10q_htm.xml (XML) — 3478KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION:
Financial Statements
Item 1. Financial Statements Unaudited Consolidated Balance Sheets - June 30 , 2024 and December 31, 2023 3 Unaudited Consolidated Statements of Income - Three months and six months ended June 30 , 2024 and 2023 4 Unaudited Consolidated Statements of Cash Flows - Six months ended June 30 , 2024 and 2023 5 Unaudited Consolidated Statements of Changes in Stockholders' Equity- Three months and six months ended June 30 , 2024 and 2023 6 Notes to Unaudited Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 39
Controls and Procedures
Item 4. Controls and Procedures 39
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 39
Risk Factors
Item 1A. Risk Factors 39
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 40
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 40
Other Information
Item 5. Other Information 40
Exhibits
Item 6. Exhibits 41 EX – 31.1 EX – 31.2 EX – 32.1 EX – 32.2 EX – 101 EX – 104
SIGNATURES
SIGNATURES 42 - 2 -
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements CHEMED CORPORATION AND SUBSIDIARY COMPANIES UNAUDITED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) June 30, 2024 December 31, 2023 ASSETS Current assets Cash and cash equivalents $ 222,903 $ 263,958 Accounts receivable less allowances 184,961 181,511 Inventories 10,735 12,004 Prepaid income taxes 17,084 13,166 Prepaid expenses 28,929 30,204 Total current assets 464,612 500,843 Investments of deferred compensation plans held in trust 120,784 106,126 Properties and equipment, at cost, less accumulated depreciation of $ 373,912 (2023- $ 354,872 ) 202,249 203,840 Lease right of use asset 132,262 126,387 Identifiable intangible assets less accumulated amortization of $ 54,031 (2023 - $ 48,965 ) 97,035 90,264 Goodwill 662,124 585,017 Other assets 55,918 55,618 Total Assets $ 1,734,984 $ 1,668,095 LIABILITIES Current liabilities Accounts payable $ 43,001 $ 64,034 Income taxes - 6,858 Accrued insurance 59,899 58,568 Accrued compensation 78,374 88,381 Short-term lease liability 41,169 38,635 Other current liabilities 39,310 55,574 Total current liabilities 261,753 312,050 Deferred income taxes 27,901 30,321 Deferred compensation liabilities 119,780 104,069 Long-term lease liability 105,233 100,776 Other liabilities 13,020 13,003 Total Liabilities 527,687 560,219 Commitments and contingencies (Note 10) STOCKHOLDERS' EQUITY Capital stock - authorized 80,000,000 shares $ 1 par; issued 37,312,834 shares (2023 - 37,183,681 shares) 37,313 37,184 Paid-in capital 1,416,166 1,341,273 Retained earnings 2,570,722 2,446,925 Treasury stock - 22,317,642 shares (2023 - 22,148,927 shares) ( 2,819,053 ) ( 2,719,588 ) Deferred compensation payable in Company stock 2,149 2,082 Total Stockholders' Equity 1,207,297 1,107