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Labcorp — Oct 24, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000920148-24-000115
Open on SEC.gov ↗
Showing in the filing
Quarterly cash dividend
“$0.72 per share of common stock, payable on December 13, 2024, to stockholders of record at the close of business on November 26, 2024”
Period
Q4 FY2024
Measure
Declared action
Source
Prose
All guidance in this release · 5
Revenue - Labcorp Enterprise (growth range) for FY2024
“6.6% to 7.3%”
Adjusted EPS range for FY2024
“$14.30 to $14.70”
Free Cash Flow for FY2024
“$850 million to $980 million”
Quarterly cash dividend for Q4 FY2024
“$0.72 per share of common stock, payable on December 13, 2024, to stockholders of record at the close of business on November 26, 2024”
Quarterly cash dividend
“$0.72 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Subsequent to the quarter, announced an exclusive agreement with NowDiagnostics (NOWDx) to distribute the first over-the-counter, point-of-care Syphilis blood test granted marketing authorization by the FDA. On October 10, 2024, Labcorp announced a quarterly cash dividend of $0.72 per share of common stock, payable on December 13, 2024, to stockholders of record at the close of business on November 26, 2024. 2 LABCORP HOLDINGS INC. CONSOLIDATED RESULTS Three Months Ended Sep 30, Nine Months Ended Sep 30, 2024 2023 Delta 2024 2023 Delta Revenue Summary (Dollars in billions) Total Revenue $ 3.28  $ 3.06  7.4  % $ 9.68  $ 9.13  6.0  % Organic 4.2  % 3.4  % Base Business (1) 4.8  % 4.5  % COVID 19 Testing (2) (0.6  %) (1.1  %) Acquisitions net of Divestitures 3.1  % 2.4  % Foreign Exchange 0.1  % 0.2  % (1) Base Business includes Labcorp's operations except for COVID-19 Testing. (2) COVID-19 Testing represents COVID-19 PCR Testing. Earnings Summary (Dollars in millions, except per share data) Operating Income ("OI") $ 254.1  $ 252.3  $ 870.2  $ 848.4  OI as % of Revenue 7.7  % 8.3  % (50) bps 9.0  % 9.3  % (30) bps Adjustments (3) $ 187.0  $ 171.6  $ 503.6  $ 471.6  Adjusted Operating Income ("AOI") (4) $ 441.1  (5) $ 423.9  $ 1,373.8  $ 1,320.0  AOI as % of Revenue 13.4  % 13.9  % (40) bps (6) 14.2  % 14.5  % (30) bps Net Earnings from Cont. Ops $ 169.6  $ 183.6  $ 603.5  $ 547.2  Diluted EPS from Cont. Ops $ 2.00  $ 2.11  $ 7.13  $ 6.19  Adjusted EPS (4) $ 3.50  $ 3.38  $ 11.12  $ 10.26  (3) Adjustments include amortization, impairment charges, restructuring charges, and special items.
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.