Laboratory Corp. Of America Holdings

NYSE:LH   9:40:40 AM EDT
+3.40 (+1.25%)
Earnings Announcements

Labcorp Announces Initiatives To Enhance Shareholder Value

Published: 12/09/2021 12:19 GMT
Laboratory Corp. Of America Holdings (LH) - Labcorp Announces Initiatives to Enhance Shareholder Value.
Labcorp - Board of Directors Approves Plans to Initiate Quarterly Cash Dividend and Authorizes $2.5 Billion Share Repurchase Program.
Labcorp - Initiating a Dividend in Q2 of 2022.
Labcorp - Board is Targeting a Dividend Payout Ratio of Between 15-20% of Adjusted Earnings.
Labcorp - Implementing a New Launchpad Business Process Improvement Initiative, Targeting Savings of $350 Million Over Next Three Years.
Labcorp - As Part of Comprehensive Review, Extensive Discussions Were Held With Third Parties.
Labcorp - Board Considered a Wide Range of Options, Including Significant Acquisitions, Divestitures, Spinning Off Businesses.
Labcorp - Board Unanimously Concluded That Company's Existing Structure is in Best Interest.
Revenue is expected to be $3.83 Billion
Adjusted EPS is expected to be $5.58

Next Quarter Revenue Guidance is expected to be $3.78 Billion
Next Quarter EPS Guidance is expected to be $5.01

More details on our Analysts Page.