labcorpa05.jpg


FOR IMMEDIATE RELEASE
Contact:    Clarissa Willett (investors) – 336-436-5076
Investor@LabCorp.com

Pattie Kushner (media) – 336-436-8263
Media@LabCorp.com

LABCORP ANNOUNCES
2019 FOURTH QUARTER AND FULL YEAR RESULTS
AND PROVIDES 2020 GUIDANCE


Revenue: Q4 of $3.0 billion, up 6% over 2018; Full year of $11.6 billion, up 2% over 2018
Diluted EPS: Q4 of $2.32, up from $1.56 last year; Full year of $8.35, down from $8.61 last year
Adjusted EPS: Q4 of $2.86, up 13% over 2018; Full year of $11.32, up 3% over 2018
Free Cash Flow: Q4 of $442 million, up 21% over 2018; Full year of $1.04 billion, up 13% over 2018
2020 Adjusted EPS guidance of $11.75 to $12.15
2020 Free Cash Flow guidance of $950 million to $1.05 billion


BURLINGTON, N.C., Feb. 13, 2020LabCorp® (or the Company) (NYSE: LH) today announced results for the fourth quarter and year ended December 31, 2019, and provided 2020 guidance.

"We had a strong finish to 2019, a year where we delivered solid revenue growth, adjusted EPS, and free cash flow," said Adam H. Schechter, president and CEO of LabCorp. "We start 2020 with a clear strategy that leverages our science, technology, and delivery focused on our customers to improve health and improve lives. We are well positioned to drive continued growth and shareholder value in 2020 and beyond."














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The following information was filed by Laboratory Corp Of America Holdings (LH) on Thursday, February 13, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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