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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net restructuring and other special charges $ 5.0 $ 7.5
Operating Income (Loss) 321.3 329.8
Interest Expense 46.9 50.7
Equity method income, net 0.1 (2.1)
Investment income 2.9 2.2
Other, net 20.0 (6.9)
Earnings before income taxes 297.4 272.3
Provision for income taxes 69.1 63.9
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 228.3 208.4
Net earnings 228.3 213.3
Net Income (Loss) Attributable to Noncontrolling Interest 0.3 0.4
Net Income (Loss) Attributable to Parent $ 228.0 $ 212.9
Income (Loss) from Continuing Operations, Per Basic Share $ 2.71 $ 2.35
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0 0.06
Basic earnings per common share (in dollars per share) 2.71 2.41
Diluted earnings per common share (in dollars per share) $ 2.69 $ 2.39
Revenues $ 3,176.6 $ 3,037.8
Cost of Revenue 2,279.3 2,187.7
Gross Profit 897.3 850.1
Selling, general and administrative expenses 508.4 457.2
Amortization of intangibles and other assets 60.1 53.4
Asset Impairment Charges 2.5 2.2
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 0.0 $ 4.9
Income (Loss) from Continuing Operations, Per Diluted Share $ 2.69 $ 2.34
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share $ 0 $ 0.05
Revenues $ 3,176.6 $ 3,037.8
Cost of Revenue 2,279.3 2,187.7
Gross Profit 897.3 850.1
Selling, general and administrative expenses 508.4 457.2
Amortization of intangibles and other assets 60.1 53.4
Asset Impairment Charges 2.5 2.2
Net restructuring and other special charges 5.0 7.5
Operating Income (Loss) 321.3 329.8
Earnings before income taxes 297.4 272.3
Provision for income taxes 69.1 63.9
Net earnings 228.3 213.3
Less: Net earnings attributable to the noncontrolling interest (0.3) (0.4)
Net earnings attributable to Laboratory Corporation of America Holdings $ 228.0 $ 212.9
Basic earnings per common share (in dollars per share) $ 2.71 $ 2.41
Diluted earnings per common share (in dollars per share) $ 2.69 $ 2.39