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Last $127.01 USD
Change Today -0.34 / -0.27%
Volume 868.8K
LH On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

laboratory crp of amer hldgs (LH) Snapshot

Open
$127.47
Previous Close
$127.35
Day High
$127.78
Day Low
$126.62
52 Week High
03/31/15 - $131.19
52 Week Low
10/15/14 - $95.61
Market Cap
12.8B
Average Volume 10 Days
1.2M
EPS TTM
$6.38
Shares Outstanding
100.6M
EX-Date
--
P/E TM
19.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for LABORATORY CRP OF AMER HLDGS (LH)

laboratory crp of amer hldgs (LH) Related Businessweek News

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laboratory crp of amer hldgs (LH) Details

Laboratory Corporation of America Holdings operates as an independent clinical laboratory company worldwide. The company offers a range of clinical laboratory tests and procedures, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, Pap tests, hemoglobin A1C, PSA, STD tests, HCV tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests that are used by the medical profession in core testing, patient diagnosis, and in the monitoring and treatment of diseases. It also provides specialty testing services in the areas of allergy, clinical trials, diagnostic genetics, women's health, cardiovascular disease, identity, forensics, infectious disease, endocrinology, oncology, coagulation, occupational testing, and pain management. In addition, the company offers a range of early-stage and late-stage drug development services to the pharmaceutical and biotechnology industries, as well as laboratory testing services to the chemical, agrochemical, and food industries. Further, it operates an esoteric laboratory focused on personalized diagnostics for cardiovascular and metabolic disorders; and provides specialized forensic DNA analysis, proprietary DNA collection products, and relationship testing. The company provides its testing services through a sales force to the physicians, hospitals, managed care organizations, governmental agencies, employers, pharmaceutical companies, and other independent clinical laboratories. Laboratory Corporation of America Holdings has collaboration with university, hospital and academic institutions, such as Duke University, The Johns Hopkins University, the University of Minnesota, and Yale University to license and commercialize new diagnostic tests. The company was founded in 1971 and is headquartered in Burlington, North Carolina.

36,000 Employees
Last Reported Date: 02/26/15
Founded in 1971

laboratory crp of amer hldgs (LH) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $338.5K
Executive Vice President and Chief Executive ...
Total Annual Compensation: $632.6K
Chief Legal Officer, Chief Compliance Officer...
Total Annual Compensation: $436.1K
Senior Vice President and Chief Medical Offic...
Total Annual Compensation: $352.2K
Compensation as of Fiscal Year 2014.

laboratory crp of amer hldgs (LH) Key Developments

Laboratory Corporation of America Holdings Announces Management Changes for Covance Drug Development (Covance)

Laboratory Corporation of America Holdings announced that Deborah Keller will succeed Joseph Herring as Chief Executive Officer of Covance Drug Development (Covance). Mr. Herring will retire on July 31 after more than a decade as CEO. Ms. Keller joined Covance in 1987 and has held senior leadership roles in global operations, quality assurance, and marketing over her tenure. Most recently she served as Executive Vice President, Covance and Group President, R&D Laboratories. As CEO of Covance, Ms. Keller will also be a member of the LabCorp Executive Committee and will report to David P. King, Chairman and CEO of LabCorp.

Laboratory Corp. of America Holdings Revises Earnings Guidance for the Year 2015

Laboratory Corp. of America Holdings revised earnings guidance for the year 2015. The company expects net revenue growth (assuming foreign exchange rates effective as of June 30, 2015) of 40% to 42%, after the impact from approximately 190 basis points of negative currency. Adjusted EPS of $7.75 to $8.00, versus prior guidance of $7.55 to $7.90, and as compared to $6.80 last year. Operating cash flow of $990 million to $1,015 million, capital expenditures of $270 million to $295 million, and free cash flow of $695 million to $745 million. The company expects free cash flow in 2015 to be negatively impacted by approximately $120 million of net non-recurring items related to the Covance acquisition. Excluding these items, the Company expects free cash flow to be $815 million to $865 million versus $536 million last year.

Laboratory Corporation of America Holdings Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Laboratory Corporation of America Holdings announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s total revenues were $2,269.1 million compared to $1,516.4 million a year ago. Operating income was $321.3 million compared to $246.7 million a year ago. Earnings before income taxes were $264.3 million against $232.5 million a year ago. Net earnings attributable to the company were $168.4 million or $1.64 per diluted share compared to $141.3 million or $1.64 per diluted share a year ago. Adjusted EPS (excluding amortization, restructuring and special items) were $2.09 in the quarter, compared to $1.84 in the second quarter of 2014. Net cash provided by operating activities was $396.7 million compared to $207.4 million a year ago. The increase in operating cash flow was due to the acquisition of Covance as well as improved earnings and working capital. Capital expenditures totaled $69.1 million, compared to $48.1 million in the second quarter of 2014. Free cash flow (operating cash flow less capital expenditures) was $327.6 million, compared to $159.3 million in the second quarter of 2014. For the six months, the company’s total revenues were $4,062.3 million compared to $2,947.1 million a year ago. Operating income was $452.4 million compared to $450.0 million a year ago. Earnings before income taxes were $295.5 million against $420.2 million a year ago. Net earnings attributable to the company were $169.7 million or $1.73 per diluted share compared to $254.4 million or $1.73 per diluted share a year ago. Adjusted EPS (excluding amortization, restructuring and special items) were $3.85, compared to $3.35 in the first half of 2014. Operating cash flow was $309.8 million, compared to $349.7 million in the first half of 2014, as the company’s operating cash flow was negatively impacted by $153.5 million in non-recurring items relating to the acquisition of Covance. Capital expenditures totaled $102.9 million, compared to $104.6 million in the first half of 2014. Free cash flow (operating cash flow less capital expenditures) was $206.9 million, compared to $245.1 million in the first half of 2014. The company provided updated earnings guidance for the year 2015. For the year, the company expected net revenue growth (assuming foreign exchange rates effective as of June 30, 2015) of 40% to 42%, after theimpact from approximately 190 basis points of negative currency. Net revenue growth in LabCorp Diagnostics of 3.5% to 5.5%, after the impact from approximately 70 basis points of negative currency. The company expected adjusted EPS of $7.75 to $8.00, versus prior guidance of $7.55 to $7.90, and as compared to $6.80 last year. Operating cash flow of $990 million to $1,015 million, capital expenditures of $270 million to $295 million, and free cash flow of $695 million to $745 million. The company expects free cash flow in 2015 to be negatively impacted by approximately $120 million of net non-recurring items related to the Covance acquisition. Excluding these items, the company expects free cash flow to be $815 million to $865 million versus $536 million last year.

 

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Industry Analysis

LH

Industry Average

Valuation LH Industry Range
Price/Earnings 27.5x
Price/Sales 1.8x
Price/Book 2.7x
Price/Cash Flow 23.8x
TEV/Sales 0.8x
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