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Quest Diagnostics — Apr 21, 2026 release

Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001022079-26-000040
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Capital expenditures
“Approximately $550 million”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 7
Reported diluted EPS for FY2026
“between $9.58 and $9.78”
Adjusted diluted EPS: for FY2026
“between $10.63 and $10.83”
Project Nova first wave implementation for FY2027
“fall of 2027”
Net revenues: for FY2026
“$11.78 billion” – “$11.90 billion”
Net revenues increase: for FY2026
“6.8%” – “7.8%”
Cash provided by operations for FY2026
“Approximately $1.75 billion”
Capital expenditures for FY2026
“Approximately $550 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
Updated Guidance for Full Year 2026 The company updates its full year 2026 guidance as follows: Updated Guidance Prior Guidance Low High Low High Net revenues $11.78 billion $11.90 billion $11.70 billion $11.82 billion Net revenues increase 6.8% 7.8% 6.0% 7.1% Reported diluted EPS $9.58 $9.78 $9.45 $9.65 Adjusted diluted EPS $10.63 $10.83 $10.50 $10.70 Cash provided by operations Approximately $1.75 billion Approximately $1.75 billion Capital expenditures   Approximately $550 million Approximately $550 million Note on Non-GAAP Financial Measures As used in this press release the term “reported” refers to measures under accounting principles generally accepted in the United States (“GAAP”). The term “adjusted” refers to non-GAAP operating performance measures that exclude special items such as restructuring and integration charges, amortization expense, excess tax benefits ("ETB") associated with stock-based compensation, gains and losses associated with changes in the carrying value of our strategic investments and other items. Non-GAAP adjusted measures are presented because management believes those measures are useful adjuncts to GAAP results. Non-GAAP adjusted measures should not be considered as an alternative to the corresponding measures determined under GAAP. Management may use these non-GAAP measures to evaluate our performance period over period and relative to competitors, to analyze the underlying trends in our business, to establish operational budgets and forecasts and for incentive compensation purposes. We believe that these non-GAAP measures are useful to investors and analysts to evaluate our performance period over period and relative to com
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other guidance in this release
Text is the filed exhibit, verbatim.