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LABORATORY CORP OF AMERICA HOLDINGS [LH] reports $205.6 million quarterly net profit

LABORATORY CORP OF AMERICA HOLDINGS [LH] reports $205.6 million quarterly net profit

Company generates $3.2 billion in revenue

By USinMinutes
Published - Aug 08, 2024, 10:23 AM ET
Last Updated - Aug 29, 2024, 01:07 AM EDT

LABORATORY CORP OF AMERICA HOLDINGS LABORATORY CORP OF AMERICA HOLDINGS [LH] has reported $205.6 million quarterly profit, an decrease of $22.7 million from the previous quarter, the company said in a filing to the SEC for the Q2 ended Jun 30, 2024.

LABORATORY CORP OF AMERICA HOLDINGS reported the quarterly diluted earnings per share (EPS) fell by -9.67 percent to $2.4 from $2.7 in the previous quarter.

Dollars in millions
Jun 30, 2024    Mar 31, 2024    Dec 31, 2023    Dec 31, 2022   

Income Statement

Revenue $3,220.9  $3,176.6  $12,161.6  $14,876.8 
Operating Profit $294.8    $725.6   
Net Income $205.6  $228.3  $419.2  $1,280.6 
Net Cash -$271.7    $106.8  -$1,042.7 
Gross Margin $926.4  $897.3  $3,364.9  $4,385.1 
Operating Margin $0.0    $0.0   
Profit as % of Revenues450.58 28.25 27.67 29.48 
Profit as % of Assets2.06 0.00 0.00 0.00 
Profit as % of Stockholder Equity2.57 0.00 0.00 0.00 
Return on Equity2.57 0.00 0.00 0.00 
Return on Assets1.23 0.00 0.00 0.00 
Turnover Ratio32.32 0.00 0.00 0.00 
EBITA$357.0   $0.0   

Balance Sheet

Total Assets $16,712.3  $16,531.0  $16,725.1  $20,155.1 
Total Liabilities $8,691.5  $8,556.2  $8,834.6  $10,039.6 

Cash Flow Statement

Operating Cash Flow $531.3  $0.0  $1,327.7  $1,955.9 
Investing Cash Flow -$578.1  $0.0  -$1,171.5  -$1,652.2 
Financing Cash Flow -$221.7  $0.0    -$1,322.2 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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