Chemed Reports Q1 Results, Boosts Share Buyback Authorization, and Secures New $450M Credit Facility
CHE sits 16% above its 52-week low of $365.205.
Summary
Chemed Corp. reported Q1 2026 results, including a slight increase in adjusted EPS, and announced a significant increase in its share repurchase authorization, a new $450 million revolving credit facility, and a 20% dividend hike.
Key Events · Earnings and Guidance · CHE
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Q1 2026 Financial Performance
Reported Q1 2026 revenue of $657.5 million, a 1.6% increase year-over-year, with adjusted diluted EPS rising to $5.65, a 0.35% increase from $5.63 in Q1 2025.
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Increased Share Repurchase Authorization
The Board authorized an additional $300 million for stock repurchases in February 2026, with $229.6 million remaining under the program. This follows $197.7 million in repurchases during Q1 2026.
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New $450M Revolving Credit Facility
Secured a new five-year $450 million revolving credit facility, including $100 million for letters of credit, with an expansion feature for an additional $250 million, significantly boosting liquidity.
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Dividend Per Share Increase
Increased cash dividends per share by 20% to $0.60 in Q1 2026, up from $0.50 in Q1 2025.
Analysis · CHE · Industrial Applications And Services
This quarterly report provides comprehensive details following the preliminary earnings release. While GAAP diluted EPS saw a minor decline, adjusted diluted EPS increased slightly. The most significant market-moving information includes the Board's authorization of an additional $300 million for share repurchases, bringing the remaining authorization to $229.6 million, signaling strong confidence in future value. Furthermore, the company secured a new five-year $450 million revolving credit facility with an expansion feature for an additional $250 million, substantially enhancing its financial flexibility and liquidity. The 20% increase in cash dividends per share also reflects management's positive outlook and commitment to shareholder returns.
At the time of this filing, CHE was trading at $422.72 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $365.21 to $583.96. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.