Earnings Call Summary | Chemed(CHE.US) Q1 2024 Earnings Conference
Earnings Call Summary | Chemed(CHE.US) Q1 2024 Earnings Conference
The following is a summary of the Chemed Corporation (CHE) Q1 2024 Earnings Call Transcript:
以下是Chemed Corporation（CHE）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Chemed's subsidiary, VITAS, saw its net revenue rise 14% to $354 million compared to the prior year due to an increase in days of care and a weighted average Medicare reimbursement rate increase of approximately 2.6%.
VITAS' adjusted EBITDA drastically increased by 67.2%, reaching $60.7 million.
On the other hand, Roto-Rooter, another subsidiary, witnessed a 5.8% decline in its quarterly revenue, reducing it to $235.2 million, as low call volumes and tough comparisons prevailed.
Roto-Rooter's adjusted EBITDA dropped to $60.7 million, showing a decrease of 15.6%.
Chemed的子公司VITAS的淨收入與去年同期相比增長了14％，達到3.54億美元，這要歸因於護理天數的增加以及加權平均醫療保險報銷率提高了約2.6％。
VITAS調整後的息稅折舊攤銷前利潤大幅增長了67.2％，達到6,070萬美元。
另一方面，由於通話量低和比較艱難，另一家子公司Roto-Rooter的季度收入下降了5.8％，降至2.352億美元。
Roto-Rooter調整後的息稅折舊攤銷前利潤降至6,070萬美元，下降了15.6％。
Business Progress:
業務進展：
VITAS made significant headway with admissions growing by 4.5% compared to the previous year and an increase in the average daily census of 10.3%.
Despite challenges, Roto-Rooter has taken up strategies to retain commercial customers and maximize revenues.
Chemed has completed an $85 million acquisition of assets from Covenant Health and Community Services, a decision that is expected to prove beneficial both operationally and financially in the future.
The company's hiring process has been successful, and they are actively seeking additional acquisition opportunities in 2024 and beyond with a primary focus on expanding its hospice services.
Efforts to improve the deteriorating performance in Roto-Rooter include increased contact with commercial clients and the provision of additional tools to stimulate sales. These efforts are expected to yield improvements soon.
VITAS取得了長足的進展，入學人數與去年相比增長了4.5％，平均每日人口普查增長了10.3％。
儘管面臨挑戰，但Roto-Rooter還是採取了留住商業客戶和最大限度地提高收入的策略。
Chemed已經完成了對Covenant Health and Community Services資產的8500萬美元收購，該決定有望在未來的運營和財務上都將證明是有益的。
該公司的招聘流程取得了成功，他們正在積極尋找2024年及以後的更多收購機會，主要重點是擴大其臨終關懷服務。
改善Roto-Rooter不斷惡化的業績的努力包括增加與商業客戶的聯繫以及提供更多刺激銷售的工具。預計這些努力將很快帶來改善。
More details: Chemed IR
更多詳情： Chemed IR
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譯文內容由第三人軟體翻譯。