LABCORP HOLDINGS INC
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 29, 2024
LH$371.83+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
INDEX
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $3,282.0 | $3,056.8 | $9,679.5 | $9,128.3 |
| Cost of revenues | 2,377.6 | 2,205.6 | 6,951.4 | 6,584.8 |
| Gross profit | 904.4 | 851.2 | 2,728.1 | 2,543.5 |
| Selling, general and administrative expenses | 568.6 | 525.5 | 1,634.8 | 1,488.5 |
| Amortization of intangibles and other assets | 63.7 | 55.7 | 186.0 | 160.6 |
| Goodwill and other asset impairments | — | 10.2 | 2.5 | 15.2 |
| Restructuring and other charges | 18.0 | 7.5 | 34.6 | 30.8 |
| Operating income | 254.1 | 252.3 | 870.2 | 848.4 |
| Other income (expense): | ||||
| Interest expense | (50.4) | (50.3) | (144.9) | (150.8) |
| Investment income | 3.1 | 15.9 | 7.3 | 22.6 |
| Equity method income (expense), net | (0.5) | (0.3) | (0.7) | (1.5) |
| Other, net | 4.3 | 21.1 | 43.8 | (2.7) |
| Earnings from continuing operations before income taxes | 210.6 | 238.7 | 775.7 | 716.0 |
| Provision for income taxes | 41.0 | 55.1 | 172.2 | 168.8 |
| Earnings from continuing operations | 169.6 | 183.6 | 603.5 | 547.2 |
| Earnings from discontinued operations, net of tax | — | — | — | 38.8 |
| Net earnings | 169.6 | 183.6 | 603.5 | 586.0 |
| Less: Net earnings attributable to the noncontrolling interest | (0.3) | (0.3) | (0.9) | (0.9) |
| Net earnings attributable to Labcorp Holdings Inc. | $169.3 | $183.3 | $602.6 | $585.1 |
| Basic earnings per share: | ||||
| Basic earnings per share continuing operations | $2.02 | $2.12 | $7.17 | $6.22 |
| Basic earnings per share discontinued operations | $— | $— | $— | $0.44 |
| Basic earnings per share | $2.02 | $2.12 | $7.17 | $6.66 |
| Diluted earnings per share: | ||||
| Diluted earnings per share continuing operations | $2.00 | $2.11 | $7.13 | $6.19 |
| Diluted earnings per share discontinued operations | $— | $— | $— | $0.44 |
| Diluted earnings per share | $2.00 | $2.11 | $7.13 | $6.63 |
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