LH

Labcorp to Present at 44th Annual Growth Stock Conference

Labcorp (NYSE: LH) will be participating in the 44th Annual William Blair Growth Stock Conference. The company's executive management team will be presenting on Tuesday, June 4 at 2:00 p.m. (CT).

Labcorp is a global leader in laboratory services, with more than 67,000 employees serving clients in approximately 100 countries. The company provided support for 84% of the new drugs and therapeutic products approved by the FDA in 2023. In addition, Labcorp performed over 600 million tests for patients around the world.

In terms of financial performance, Labcorp's revenue for the current period increased by 12% compared to the same period last year. Additionally, the company's net income grew by 8% year-over-year. Moreover, Labcorp's operating margin expanded by 2 percentage points compared to the last period.

Furthermore, the company's earnings per share (EPS) saw a significant increase of 15% from the last period. This growth in EPS reflects the company's strong profitability and efficient management of outstanding shares.

In terms of operational efficiency, Labcorp's EBITDA margin improved by 3 percentage points compared to the last period. This improvement indicates the company's ability to generate higher earnings from its operations before accounting for interest, taxes, depreciation, and amortization.

Moreover, Labcorp's free cash flow increased by 10% compared to the last period, demonstrating the company's ability to generate significant cash from its core operations after accounting for capital expenditures.

Today the company's shares have moved -1.3% to a price of $197.12. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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