Labcorp Q4 GAAP EPS loss $(1.95) on $3.03B revenue; adj EPS $3.30 beats; FY24 adj EPS guide $14.30-$15.40

LABCORP HOLDINGS INC.

2023-FY EPS reported $4.77 revenue$12,161,600,000

Q4 revenue $3.03B (+3.5% YoY); GAAP diluted EPS loss $(1.95) due to $333.8M impairment.
Q4 adjusted EPS $3.30 vs $3.05; adjusted operating margin 13.0% vs 14.1%.
Full year 2023 revenue $12.16B (+2.5%); GAAP EPS $4.33; adjusted EPS $13.56 vs $16.66.
FY2024 guidance: adjusted EPS $14.30-$15.40, free cash flow $1.00B-$1.15B.
Declared quarterly dividend $0.72/share payable March 13, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LABCORP HOLDINGS INC. reported the fourth quarter and year ending Dec. 31, 2023 results: revenue $3.03 billion, net income $(166.8) million, EPS $(1.95).

Period: the fourth quarter and year ending Dec. 31, 2023
Revenue: $3.03 billion
Net income: $(166.8) million
EPS: $(1.95)
Result: reported results

Exact text from the filing

Revenue for the quarter was $3.03 billion, an increase of 3.5% from $2.93 billion in the fourth quarter of 2022.

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Source: SEC EDGAR

accession 0000920148-24-000009

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