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Laboratory Corporation of America Holdings (LH) CEO David King on Q4 2018 Results - Earnings Call Transcript

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Laboratory Corporation of America Holdings (NYSE:LH) Q4 2018 Earnings Conference Call February 7, 2019 9:00 AM ET

Company Participants

Scott Frommer - VP, IR

David King - Chairman, CEO & President

Glenn Eisenberg - CFO & EVP

John Ratliff - CEO, Covance Drug Development

Conference Call Participants

Ross Muken - Evercore ISI

Jack Meehan - Barclays Bank

Kevin Ellich - Craig-Hallum Capital Group

Lisa Gill - JPMorgan Chase & Co.

Erin Wright - Crédit Suisse

Patrick Donnelly - Goldman Sachs Group

Ralph Giacobbe - Citigroup

Daniel Leonard - Deutsche Bank

Rivka Goldwasser - Morgan Stanley

Kevin Caliendo - UBS Investment Bank

Donald Hooker - KeyBanc Capital Markets

Derik De Bruin - Bank of America Merrill Lynch

Brian Tanquilut - Jefferies

William Quirk - Piper Jaffray Companies

Mark Massaro - Canaccord Genuity Limited


Good day, ladies and gentlemen, and welcome to the LabCorp Q4 2018 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded.

I would now like to introduce your host for today's conference, Scott Frommer, Vice President of Investor Relations. You may begin.

Scott Frommer

Good morning, and welcome to LabCorp's Fourth Quarter 2018 Conference Call. As detailed in today's press release, there will be a replay of this conference call available via telephone and Internet. With me today are Dave King, Chairman and Chief Executive Officer; Glenn Eisenberg, Executive Vice President and Chief Financial Officer; and John Ratliff, CEO of Covance Drug Development.

In addition to our press release, we also furnished Form 8-K this morning that includes additional financial information. Both are available in the Investor Relations section of our website at www.labcorp.com and include a reconciliation of non-GAAP financial measures discussed during today's call to GAAP.

Finally, we are making forward-looking statements during today's call. These forward-looking statements include, but are not limited to, statements

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Comments (2)

LH closed out 2018 by delivering another year of strong profitable growth, driven by revenue of over $11 billion and adjusted EPS of over $11 per share, increases of 10% and 20%, respectively. 

Why in the world isn't LH paying a dividend?
22 Feb. 2019
There has been no insider purchases in more than 6 years. David King has sold around $120,000,000 worth of LH shares in the past 6 years. Maybe the insiders know something?

Want a dividend? Switch to DGX which pays $2.12 a year in dividends.
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