TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo October 23, 2023 David Williams Executive Vice President and Chief Financial Officer CHEMED CORP 255 E. Fifth Street, Suite 2600 Cincinnati, Ohio 45202 Re: CHEMED CORP Form 10-K for Fiscal Year Ended December 31, 2022 Filed February 27, 2023 Response Letter Dated October 16, 2023 File No. 001-08351 Dear David Williams: We have reviewed your October 16, 2023 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our October 5, 2023 letter. Form 10-K for Fiscal Year Ended December 31, 2022 Management's Discussion and Analysis of Financial Condition and Results of Operations Unaudited Consolidating Summaries and Reconciliations of Adjusted EBITDA, page 90 1. We note your response to our comment. The retention bonus program was implemented for your licensed healthcare professionals, who have a direct impact on revenue generation, and therefore represents cash compensation, which is a normal, recurring operating expense. As such, we request that you discontinue including this adjustment in any future presentations of your non-GAAP measures for any period presented in accordance with Rule 100(b) of Regulation G as interpreted by Question 100.01 of the Non-GAAP Financial Measures Compliance & Disclosure Interpretations, as updated December 13, 2022. David Williams CHEMED CORP October 23, 2023 Page 2 Please contact Tracey Houser at 202-551-3736 or Jeanne Baker at 202-551-3691 if you have questions regarding comments on the financial statements and related matters. Sincerely, FirstName LastNameDavid Williams Division of Corporation Finance Comapany NameCHEMED CORP Office of Industrial Applications and October 23, 2023 Page 2 Services FirstName LastName