8-K
filed February 16, 2023, 6:59 PM ET
ticker LH
CIK 0000920148
earnings
confidence high
sentiment neutral
materiality 0.70
Labcorp reports Q4 2022 revenue $3.7B, GAAP EPS $0.86 (vs $5.75 YoY), provides FY2023 adjusted EPS guidance $16-$18
LABCORP HOLDINGS INC.
2021-FY EPS reported
$13.97
revenue$14,876,800,000
- Q4 rev $3.67B (-9.4% YoY); GAAP diluted EPS $0.86 vs $5.75; adj EPS $4.14 vs $6.77.
- Full-year 2022 rev $14.88B (-7.7%); adj EPS $19.94 vs $28.52; free cash flow $1.47B.
- Diagnostics base business organic +6.4%; Drug Development backlog $16.3B (+8.9%), net book-to-bill 1.27.
- FY2023 guidance: total rev growth 1-4%, base business 8.5-10.5%; adj EPS $16-$18; FCF $1.0-$1.2B.
- Spin-off of Clinical Development (Fortrea) on track for mid-2023; Board authorized additional $1B share buyback; $0.72 dividend payable Mar 13.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
LABCORP HOLDINGS INC. updated its guidance (initiated).
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Full-Year 2023 Guidance: Adjusted EPS of $16.00 to $18.00 and Free Cash Flow of $1.0 billion to $1.2 billion
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
LABCORP HOLDINGS INC. reported the fourth quarter and year ended Dec. 31, 2022 results: revenue $14.88 billion, net income $1.28 billion, EPS $13.97.
- Period
- the fourth quarter and year ended Dec. 31, 2022
- Revenue
- $14.88 billion
- Net income
- $1.28 billion
- EPS
- $13.97
- Result
- reported results
Exact text from the filing
for share repurchases, bringing the total available authorization to approximately $1.53 billion. 2 Consolidated Results Fourth Quarter Results Revenue for the quarter was $3.67 billion, a decrease of (9.4%) from $4.06 billion in the fourth quarter of 2021. The decrease was due to organic revenue of (9.4%) and foreign currency translation of (1.3%), partially
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
LABCORP HOLDINGS INC. reported the fourth quarter and year ended Dec. 31, 2022 results: revenue $14.88 billion, net income $1.28 billion, EPS $13.97.
- Period
- the fourth quarter and year ended Dec. 31, 2022
- Revenue
- $14.88 billion
- Net income
- $1.28 billion
- EPS
- $13.97
- Result
- reported results
Exact text from the filing
Revenue was $14.88 billion, a decrease of (7.7%) from $16.12 billion in 2021.
View on SEC.gov
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