The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $9.3 billion
Based in SECAUCUS, New Jersey, QUEST DIAGNOSTICS INC operates in the SERVICES sector.
In the annual report for the fiscal year ending December 31, 2023, Quest Diagnostics reported a decrease in net revenues compared to the previous year. The net revenues for 2023 were $9.252 billion, down from $9.883 billion in 2022 and $10.788 billion in 2021.
Cost of services also decreased from $6.450 billion in 2022 to $6.199 billion in 2023, while operating income fell from $1.428 billion in 2022 to $1.262 billion in 2023.
Total operating costs and expenses, net, were $7.990 billion in 2023, compared to $8.455 billion in 2022 and $8.407 billion in 2021.
Net income for 2023 decreased to $908 million from $1.015 billion in 2022 and $2.080 billion in 2021. Net income attributable to Quest Diagnostics was $854 million in 2023, $946 million in 2022, and $1.995 billion in 2021.
Earnings per share for Quest Diagnostics’ common stockholders also saw a decline in 2023. The basic earnings per share were $7.59 in 2023, down from $8.10 in 2022 and $15.85 in 2021. Diluted earnings per share were $7.49 in 2023, compared to $7.97 in 2022 and $15.55 in 2021.
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