• Chemed Corp. (Cincinnati, OH) reports that, for the third quarter, net income increased 14% from $0.42 per share in 1999 to $0.48 per share in 2000. Service revenues and sales for the quarter grew 8% from $114.4 million in 99 to $123.8 million this year. Service America, the firm’s major appliance and heating and air conditioning service subsidiary, recorded revenues of $18.5 million for the quarter, down 1% from the $18.7 million recorded in 99. Earnings for the period were disappointing, but reflect the strategic plan to shift Service America to retail, on-demand services and de-emphasize large-volume service warranty contracts.

    Publication date: 10/30/2000