Labcorp (LH) Tops Q1 EPS by 13c, Offers Guidance

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Go back to Labcorp (LH) Tops Q1 EPS by 13c, Offers Guidance

Labcorp Announces 2022 First Quarter Results

April 28, 2022 6:53 AM EDT

Company Raises Full-Year Revenue and EPS Guidance

Revenue: Q1 of $3.9 billion versus $4.2 billion last year Diluted EPS: Q1 of $5.23 versus $7.82 last year Adjusted EPS: Q1 of $6.11 versus $8.79 last year Free Cash Flow: Q1 of $239 million versus $1.1 billion last year Announced initiation of quarterly dividend, with $0.72 per share for the second quarter Entered into several new strategic health system collaborations Full-Year 2022 Guidance: Adjusted EPS improved to $18.25 to $21.00 and Free Cash Flow unchanged at $1.7 billion to $1.9 billion

BURLINGTON, N.C.--(BUSINESS... More