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LABCORP HOLDINGS (LH)

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Earnings summaries and quarterly performance for LABCORP HOLDINGS.

Research analysts who have asked questions during LABCORP HOLDINGS earnings calls.

Kevin Caliendo

Kevin Caliendo

UBS

7 questions for LH

Also covers: AHCO, ALGN, AMWL +15 more
Patrick Donnelly

Patrick Donnelly

Citi

7 questions for LH

Also covers: A, AVTR, BIO +22 more
Jack Meehan

Jack Meehan

Nephron Research LLC

6 questions for LH

Also covers: A, AVTR, BIO +17 more
LG

Lisa Gill

JPMorgan Chase & Co.

6 questions for LH

Also covers: AGL, CAH, CI +13 more
David Westenberg

David Westenberg

Piper Sandler

5 questions for LH

Also covers: ADPT, AKYA, BLLN +13 more
Elizabeth Anderson

Elizabeth Anderson

Evercore ISI

5 questions for LH

Also covers: AGL, ALGN, CAH +23 more
Michael Cherny

Michael Cherny

Leerink Partners

5 questions for LH

Also covers: ACCD, ALGN, CAH +18 more
AB

Andrew Brackmann

William Blair & Company, L.L.C.

4 questions for LH

Also covers: ADPT, AWH, BDSX +11 more
AH

Ann Hynes

Mizuho Financial Group

4 questions for LH

Also covers: ARDT, BTSG, CI +17 more
EW

Erin Wright

Morgan Stanley

4 questions for LH

Also covers: ALGN, BTSG, CAH +18 more
Tycho Peterson

Tycho Peterson

Jefferies

4 questions for LH

Also covers: A, AVTR, BIO +22 more
Luke Sergott

Luke Sergott

Barclays

3 questions for LH

Also covers: A, AVTR, BRKR +19 more
Michael Ryskin

Michael Ryskin

Bank of America Merrill Lynch

3 questions for LH

Also covers: A, ALGN, AVTR +28 more
AW

Aaron Wright

Morgan Stanley

2 questions for LH

AB

Andrew Brackman

William Blair

2 questions for LH

Also covers: BLLN, DGX, VCYT
AK

Anna Kozinski

Barclays

2 questions for LH

EC

Eric Coldwell

Robert W. Baird & Co.

2 questions for LH

Also covers: AHCO, CAH, COR +9 more
EP

Eugene Park

Robert W. Baird & Co. Incorporated

2 questions for LH

MC

Michael Cherney

Jefferies Financial Group Inc.

2 questions for LH

Also covers: COR, DGX
PC

Pito Chickering

Deutsche Bank

2 questions for LH

Also covers: ACHC, AHCO, AVAH +18 more
A

Aaron

Bank of America Corporation

1 question for LH

J

Joanna

Evercore Inc.

1 question for LH

John Kim

John Kim

BMO Capital Markets

1 question for LH

Also covers: AIV, ALX, ARDX +32 more
KR

Kieran Ryan

Deutsche Bank

1 question for LH

Also covers: AHCO, AVAH, BTSG +3 more
MH

Meghan Holtz

Jefferies Financial Group Inc.

1 question for LH

Also covers: AHCO, AVAH, DGX +4 more
MR

Michael Riskin

Bank of America

1 question for LH

Also covers: IDXX, ZTS
S

Skye

Piper Sandler Companies

1 question for LH

SD

Stephanie Davis

Barclays

1 question for LH

Also covers: ACCD, CAH, COR +20 more

Recent press releases and 8-K filings for LH.

Labcorp enters receivables securitization facility
LH
Debt Issuance
  • Labcorp Holdings Inc. filed an 8-K on January 28, 2026, reporting the closing of a secured financing arrangement to securitize its laboratory test receivables under a revolving facility.
  • The agreement establishes key metrics including the Minimum Funding Threshold and Net Receivables Pool Balance, and requires delivery of monthly Pool Receivables reports.
  • As a closing condition, Labcorp delivered audited consolidated financials for FY 2023 and unaudited interim results for Q1 2024, all prepared in accordance with GAAP.
  • The company made customary representations and warranties covering compliance with healthcare laws, absence of material overpayments or exclusions, and covenants restricting asset sales, dividends and requiring corporate formalities.
  • Events of default include exceeding specified Default Performance Trigger Ratios, Delinquency Ratios or Dilution Ratios, insolvency events, covenant breaches and adverse changes to Pool Receivables.
5 days ago
Affidea acquires majority stake in LabPoint
LH
M&A
  • Affidea Group acquired a majority stake in LabPoint S.A. from Lindenhofgruppe to expand its diagnostics and laboratory medicine capabilities in Switzerland.
  • LabPoint operates 5 medical laboratories, 4 emergency labs and multiple blood collection points, employing ≈170 professionals specializing in microbiology, molecular biology, genetics and pathology.
  • The transaction integrates advanced pathology, cytology and genetics with Affidea’s imaging services, strengthening its precision medicine and oncology care pathways.
  • The combined Swiss network now spans 33 centres with a workforce of 870 employees, serving over 265,000 patients annually; Lindenhofgruppe retains a minority stake and remains a key medical partner.
  • LabPoint’s Training Academy will continue to offer ≈20 accredited courses per year in gynaecology and obstetrics, supporting professional education.
Jan 14, 2026, 3:32 PM
Labcorp reviews 2025 results and strategic priorities at 44th Annual J.P. Morgan Healthcare Conference
LH
M&A
Guidance Update
Product Launch
  • Integration of Invitae turned accretive by Q3 2025 and enabled launch of three new MRD liquid biopsy tests in breast, non-small cell lung, and colon cancers, supporting growth in oncology, women’s health, autoimmune, and neurology.
  • Reinforced strong diagnostics fundamentals with a 4.5% organic revenue growth target for 2026, underpinned by durable utilization trends and offset by a 30 bp volume headwind from ACA subsidy expirations.
  • Completed 13 hospital and regional lab acquisitions in 2025 with a robust pipeline of deals that meet stringent criteria of year-one accretion and 2–3 year cost-of-capital payback.
  • Maintains a balanced capital allocation strategy, with 3.5–4% of revenue in annual capex, a 15–20% dividend payout ratio, and ~$1.1 billion remaining share buyback authorization as of Q3 2025.
  • Accelerating efficiency and customer experience improvements through AI and automation, including AI-driven Test Finder, lab process automation, and revenue cycle management enhancements.
Jan 14, 2026, 12:30 AM
Labcorp reviews 2025 execution and sets 2026 growth targets
LH
M&A
Product Launch
Guidance Update
  • 2025 delivered strong strategic execution, including 13 hospital acquisitions, integration of Invitae turned accretive by Q3 2025, and roll-out of MRD liquid biopsy tests for breast, lung and colon cancer.
  • Diagnostic fundamentals remain robust, with 4.5% organic revenue growth guidance for 2026, driven by demographics, specialty test growth and hospital partnerships.
  • Labcorp is advancing AI and digital tools, automating cytology and microbiology workflows, and launching AI-powered Test Finder and appointment scheduling enhancements to boost efficiency and access.
  • Government pricing reform: PAMA reimbursement updates delayed at least until January; Labcorp backs bipartisan Results legislation for more representative pricing data.
  • Capital deployment: Committed to 3.5–4% of revenue in CapEx, 15–20% dividend payout, and active share buybacks with $1.1 billion remaining; central lab business remains a key growth pillar.
Jan 14, 2026, 12:30 AM
Labcorp details 2025 growth drivers and strategy at JPM Healthcare Conference
LH
Product Launch
M&A
  • Launched over 100 new tests in 2025 across oncology, women’s health, autoimmune and neurology, including three MRD liquid biopsy tests sourced from Invitae, bolstering diagnostic innovation.
  • Completed 13 hospital and regional lab acquisitions in 2025 under disciplined criteria (accretive in year one; ROI in 2–3 years), with ongoing M&A pipeline supporting network expansion.
  • Organic diagnostic growth driven by durable utilization trends (aging, chronic diseases, specialty testing), with an estimated 30 bps volume headwind in 2026 from ACA subsidy expirations.
  • PAMA implementation delayed into at least January; industry-backed “RESULTS” legislation proposed to more accurately reform government diagnostic pricing.
  • Biopharma Lab Services: central lab business (Phase II/III) remains strong and global; Early Development (<5% revenue) being rationalized via site consolidations and non-core divestiture to improve profitability.
Jan 14, 2026, 12:30 AM
Labcorp expands MRD testing for breast, lung and colon cancer recurrence risk
LH
Product Launch
  • Labcorp launched Plasma Detect ID (stage I–III breast & I–IIIA non-small cell lung cancer) and Plasma Detect Genome (stage III colon cancer) MRD tests.
  • Both tests detect circulating tumor DNA down to a limit of detection (LOD95) of 0.005%, enabling earlier recurrence detection than traditional imaging.
  • Recurrence risk for covered cancers: ~35% in stage III colon, 10–40% in stage I–III breast, and 10–55% in stage I–III NSCLC patients.
  • Supported by ongoing/completed clinical studies and recent peer-reviewed publications, reinforcing Labcorp’s leadership in precision oncology monitoring.
Jan 13, 2026, 12:00 PM
Labcorp sells Early Development medical device testing business to NAMSA
LH
M&A
  • Labcorp has sold its U.S. Early Development medical device testing business to NAMSA, transferring services including biocompatibility, microbiological, analytical testing, and preclinical research.
  • NAMSA, an ARCHIMED portfolio company, will perform future testing and preclinical projects for Labcorp’s former clients at its facilities in Ohio, Minnesota, Georgia, and California.
  • The divestiture enables Labcorp to concentrate on its core preclinical drug development and chemical testing operations.
Jan 8, 2026, 1:30 PM
Labcorp reports Q3 2025 results
LH
Earnings
Guidance Update
M&A
  • During Q3 2025, Labcorp delivered $3.6 billion in revenue (up 9% YoY), improved enterprise margin by 100 bps, achieved 19% adjusted EPS growth, and generated $281 million of pre-free cash flow.
  • The diagnostics segment grew 8.5% (6% organic) with margin expansion of 110 bps, supported by strong organic demand and Invitae accretion; the BLS segment revenue rose 8% (5% constant currency) with a 20 bps margin improvement and a quarterly book-to-bill of 0.9 (TTM 1.09).
  • Labcorp signed agreements to acquire select assets of Empire City Laboratories and Laboratory Alliance of Central New York, and to manage Kraus Health inpatient labs (expected to close Q1 2026), and completed select oncology and clinical testing assets from Bio Reference Health.
  • Updated full-year 2025 guidance assumes enterprise revenue growth of 7.4%–8%, diagnostics growth of 7.2%–7.8%, BLS growth of 5.7%–7.1%, adjusted EPS of $16.15–$16.50, and free cash flow of $1.165–$1.285 billion.
Oct 28, 2025, 1:00 PM
Labcorp reports Q3 2025 results
LH
Earnings
Guidance Update
M&A
  • Delivered $3.6 billion in Q3 revenue (+8.6% YoY), driven by 6.2% organic growth, 1.7% from acquisitions, and 0.7% FX translation.
  • Achieved $4.18 adjusted EPS (+19% YoY); adjusted operating income of $513 million (14.4% margin, +100 bps); generated $281 million in free cash flow (+73%).
  • Diagnostics labs: $2.8 billion revenue (+8.5% YoY) at 16.3% margin (+110 bps); BLS: $799 million revenue (+8.3% YoY) at 16.5% margin (+20 bps) and $8.6 billion backlog.
  • Updated 2025 guidance: enterprise revenue growth of 7.4–8.0%, adjusted EPS $16.15–16.50, and free cash flow $1.165–1.285 billion.
  • Advanced M&A strategy with agreements to acquire assets from Empire City Laboratories and Laboratory Alliance of Central New York and partnership with Kraus Health (closing Q1 2026); outreach business deal from Community Health Systems expected by year-end; completed oncology assets acquisition from Bio Reference Health.
Oct 28, 2025, 1:00 PM
Labcorp reports Q3 2025 results
LH
Earnings
Guidance Update
  • Reported Q3 2025 revenue of $3,563.5 M, up 8.5% YoY; adjusted EBITDA of $610.3 M, versus $538.9 M in Q3 2024.
  • Delivered adjusted EPS of $4.18, up from $3.50 in Q3 2024, reflecting strong operational leverage.
  • Diagnostics Laboratories revenue grew 8.5%, driven by 4.7% volume growth and 3.7% price/mix in Q3 2025.
  • Biopharma Laboratory Services posted Q3 net orders of $710.8 M (book-to-bill 0.89×) and TTM net orders of $3.34 B as of September 30, 2025.
  • Updated 2025 guidance: revenue $13.97–$14.05 B (+7.4–8.0%), adjusted EPS $16.15–$16.50 (+10.8–13.2%), and free cash flow $1.17–$1.29 B (+6.3–17.3%).
Oct 28, 2025, 1:00 PM