-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G6EZsF7261rTItAGHrKvelMvr8O7XIUNkKbhrlXsI/vLObcFOpRJhyXQnWt/YtYv dioHHaCYZVeqZq3Zz5BNfQ== 0000947871-03-000171.txt : 20030124 0000947871-03-000171.hdr.sgml : 20030124 20030124153640 ACCESSION NUMBER: 0000947871-03-000171 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030124 ITEM INFORMATION: FILED AS OF DATE: 20030124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUEST DIAGNOSTICS INC CENTRAL INDEX KEY: 0001022079 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 161387862 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12215 FILM NUMBER: 03524137 BUSINESS ADDRESS: STREET 1: ONE MALCOLM AVE CITY: TETERBORO STATE: NJ ZIP: 07608 BUSINESS PHONE: 2013935000 MAIL ADDRESS: STREET 1: ONE MALCOLM AVE CITY: TETERBORO STATE: NJ ZIP: 07601 FORMER COMPANY: FORMER CONFORMED NAME: CORNING CLINICAL LABORATORIES INC DATE OF NAME CHANGE: 19960903 8-K 1 f8k_012403.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _____________________________ Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 _____________________________ Date of Report (Date of earliest event reported): January 24, 2003 Quest Diagnostics Incorporated (Exact name of Registrant as specified in its charter) Delaware 1-12215 16-1387862 (State or other Commission File Number (I.R.S. Employer jurisdiction of Identification Number) incorporation) _____________________________ One Malcolm Avenue Teterboro, New Jersey 07608 (201) 393-5000 (Address of principal executive offices and telephone number, including area code) _____________________________ Item 9. Regulation FD Disclosure. ------------------------- On January 24, 2003, Quest Diagnostics Incorporated issued a press release. Signature Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 24, 2003 QUEST DIAGNOSTICS INCORPORATED By: /s/ Robert A. Hagemann ------------------------------------ Name: Robert A. Hagemann Title: Vice President and Chief Financial Officer Exhibit Index Exhibit 99.1 Press release of the Company issued on January 24, 2003. EX-99.1 3 ex99-1_012403.txt PRESS RELEASE QUEST DIAGNOSTICS DISCLOSES GUIDANCE ON WEBCASTED INVESTOR CALL Contacts: Laure Park (Investors): 201-393-5030 Gary Samuels (Media): 201-393-5700 TETERBORO, N.J., JANUARY 24, 2003 -Quest Diagnostics Incorporated (NYSE: DGX) discussed guidance for 2003 on its webcasted investor call this morning. As discussed on the call, for the full year 2003 Quest Diagnostics expects earnings per diluted share to increase to between $4.00 and $4.20, excluding the impact of the planned acquisition of Unilab. Revenues are expected to grow approximately 8% to 10%. Volume, as measured by the number of requisitions, is expected to grow between 6% and 7%, with 2% to 3% coming from organic volume growth. Revenue per requisition is expected to increase 2% to 3%. Earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to improve to between 19% and 20% of revenues. Capital expenditures are expected to approximate between $170 million and $180 million and cash from operations is expected to exceed $500 million. Additionally on the call the company provided guidance for the first quarter 2003. For the first quarter earnings per diluted share are expected to increase to between $0.82 and $0.87. Revenues are expected to grow approximately 12%. Volume is expected to increase by 9% to 10%. On a pro forma basis, assuming that American Medical Laboratories (AML) had been part of Quest Diagnostics during the first quarter of 2002, volume growth is expected to be between 1% and 2%. Revenue per requisition is expected to increase 2% to 3%. EBITDA is expected to improve to between 17% and 18% of revenues. Quest Diagnostics Incorporated is the nation's leading provider of diagnostic testing, information and services, providing insights that enable physicians, hospitals, managed care organizations and other healthcare professionals to make decisions to improve health. The company offers patients and physicians the broadest access to diagnostic laboratory services through its national network of laboratories and patient service centers. Quest Diagnostics is the leading provider of esoteric testing, including gene-based medical testing, and empowers healthcare organizations and clinicians with state-of-the-art connectivity solutions that improve practice management. Additional company information can be found on the Internet at: www.questdiagnostics.com. The statements in this press release which are not historical facts or information may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results and outcomes to be materially different. Certain of these risks and uncertainties may include, but are not limited to, unanticipated expenditures, changing relationships with customers, suppliers and strategic partners, conditions of the economy and other factors described in the Quest Diagnostics Incorporated 2001 Form 10-K and subsequent filings. -----END PRIVACY-ENHANCED MESSAGE-----