Chemed Reports Earnings Lower Than Estimates
July 27, 2001
Chemed Corp. announced its second quarter and 2001 calendar year sales and earnings will be lower than previously reported. The significant factor affecting second-quarter results is slowing sales in the company's Roto-Rooter segment, largely attributable to a progressive softening demand for both commercial and residential repair plumbing services. This slowdown, has continued into the second quarter. Second quarter sales for Roto-Rooter are now expected to be below prior year sales by 3 percent.