other material
confidence high
sentiment neutral
materiality 0.60
Quest Diagnostics updates 2023-2026 outlook: mid single-digit revenue CAGR, high single-digit adjusted EPS CAGR
QUEST DIAGNOSTICS INC
- Reiterates 2023 guidance: revenue $8.83B-$9.03B, base business +2.6%-3.8%, adjusted EPS $8.40-$9.00.
- Long-term 2023-2026: mid single-digit revenue CAGR; high single-digit adjusted EPS CAGR.
- Invigorate program targets ~3% annual productivity savings via automation, AI, and digital.
- Growth initiatives: physician/hospital expansion, molecular genomics, oncology, consumer health.
- No change to 2023 guidance; capital deployment strategy discussed without new commitments.