Quest Diagnostics Q4 2023 adjusted EPS $2.15, +8.6%; base business revenue +4.7%

QUEST DIAGNOSTICS INC

2023-FY EPS reported $7.49 revenue$9,252,000,000

Q4 reported net revenue $2.29B (-1.9% YoY); base business revenue $2.25B (+4.7%).
Q4 reported diluted EPS $1.70 (+95.4%); adjusted diluted EPS $2.15 (+8.6%).
Full year 2023 base business revenue grew 7.1% to $9.03B; COVID testing fell 84.7% to $223M.
Quarterly dividend raised 5.6% to $0.75; payable April 22, 2024 to record date April 8.
FY2024 guidance: revenue $9.35-$9.45B; reported EPS $7.69-$7.99; adjusted EPS $8.60-$8.90.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUEST DIAGNOSTICS INC reported quarter and full year ended December 31, 2023 results: revenue Fourth quarter revenues of $2.29 billion, EPS Fourth quarter reported diluted earnings per share ("EPS") of $1.70. Guidance initiated.

Period: quarter and full year ended December 31, 2023
Revenue: Fourth quarter revenues of $2.29 billion
EPS: Fourth quarter reported diluted earnings per share ("EPS") of $1.70
Guidance: initiated
Result: reported results

Exact text from the filing

Fourth Quarter and Full Year 2023 Financial Results; Provides Guidance for Full Year 2024; Increases Quarterly Dividend 5.6% to $0.75 Per Share • Fourth quarter revenues of $2.29 billion, down 1.9% from 2022 • Fourth quarter reported diluted earnings per share ("EPS") of $1.70, up 95.4% from 2022; and adjusted diluted EPS of $2.15, up 8.6% from 2022 • Fourth

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Source: SEC EDGAR

accession 0001022079-24-000009

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