Chemed's Roto-Rooter Income Increases 38 Percent
Chemed Corp. reported that, for the year 2000, earnings from continuing operations rose to $1.86 per share from $1.60 in 1999. These results were highlighted by a 38 percent increase in fourth-quarter net income at Chemed's largest subsidiary, Roto-Rooter Inc. Revenues at Roto-Rooter rose to $281.1 million from $242.8 million in 1999. During 2000, Roto-Rooter completed three franchise acquisitions, contributing $9.1 million to the year's revenues.