XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenues $ 3,563.5 $ 3,282.0 $ 10,435.9 $ 9,679.5
Cost of revenues 2,538.4 2,377.6 7,416.6 6,951.4
Gross profit 1,025.1 904.4 3,019.3 2,728.1
Selling, general, and administrative expenses 552.4 568.6 1,677.7 1,634.8
Amortization of intangibles and other assets 69.5 63.7 207.4 186.0
Goodwill and other asset impairments 0.7 0.0 0.7 2.5
Restructuring and other charges 5.9 18.0 16.4 34.6
Operating income 396.6 254.1 1,117.1 870.2
Interest expense (56.0) (50.4) (169.1) (144.9)
Investment income 3.5 3.1 11.7 7.3
Equity method loss, net (5.2) (0.5) (7.2) (0.7)
Other, net (1.9) 4.3 (35.6) 43.8
Earnings from operations before income taxes 337.0 210.6 916.9 775.7
Provision for income taxes 75.5 41.0 204.1 172.2
Net earnings 261.5 169.6 712.8 603.5
Less: Net earnings attributable to the noncontrolling interest (0.4) (0.3) (1.0) (0.9)
Net earnings attributable to Labcorp Holdings Inc. $ 261.1 $ 169.3 $ 711.8 $ 602.6
Basic earnings per share (in dollars per share) $ 3.14 $ 2.02 $ 8.54 $ 7.17
Diluted earnings per share (in dollars per share) $ 3.12 $ 2.00 $ 8.48 $ 7.13