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LH > SEC Filings for LH > Form 8-K on 6-Jan-2009All Recent SEC Filings

Show all filings for LABORATORY CORP OF AMERICA HOLDINGS | Request a Trial to NEW EDGAR Online Pro

Form 8-K for LABORATORY CORP OF AMERICA HOLDINGS


6-Jan-2009

Results of Operations and Financial Condition


ITEM 2.02. Results of Operations and Financial Condition

On January 6, 2009, Laboratory Corporation of America® Holdings (LabCorp®) (NYSE: LH) announced that David P. King, Chief Executive Officer, is scheduled to speak at the Goldman Sachs Healthcare Conference in New York City, NY. LabCorp's presentation is planned for Wednesday, January 7, 2009 at 4:30 p.m. (Eastern).

The Company also reaffirmed its prior non-GAAP full 2008 year diluted earnings per share guidance of between $4.57 and $4.61, excluding restructuring and other special charges and share repurchase activity after September 30, 2008. The Company continues to expect 2008 revenue growth of approximately 11%, EBITDA margins of approximately 25%, operating cash flow of approximately $750 million to $770 million (excluding any transition payments to UnitedHealthcare), capital expenditures of approximately $140 million to $160 million, and net interest expense of approximately $70 million. The Company expects to report final 2008 results in its 4th quarter earnings release, scheduled for February 12th, 2009.

Additionally, the Company updated its preliminary 2009 full year guidance. The company now expects revenue growth of 2.0% to 4.0% (versus previous guidance of 3.5% to 5.5%). Diluted EPS is now expected to be in the range of $4.75 to $4.95 (versus prior guidance of $5.00 to $5.25), excluding the impact of any share repurchase activity after September 30, 2008. The Company will provide more detailed 2009 guidance in its 4th quarter earnings release.

Exhibits

9.01(d) Press Release dated January 6, 2009


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