Labcorp Holdings Inc. (NYSE:LH) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET

Company Participants

Christin O’Donnell – Vice President-Investor Relations
Adam Schechter – Chairman and Chief Executive Officer
Glenn Eisenberg – Executive Vice President and Chief Financial Officer

Conference Call Participants

Ann Hynes – Mizuho
Lisa Gill – JPMorgan
Michael Cherny – Leerink Partners
Patrick Donnelly – Citi
Erin Wright – Morgan Stanley
David Westenberg – Piper Sandler
Jack Meehan – Nephron Research
Pito Chickering – Deutsche Bank
Andrew Brackmann – William Blair
Kevin Caliendo – UBS
Elizabeth Anderson – Evercore ISI
Eric Coldwell – Baird
Stephanie Davis – Barclays
John Kim – Bank of America

Operator

Good day and thank you for standing by. Welcome to the Q3 2024 Labcorp Holdings Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Christin O’Donnell, Vice President of Investor Relations. Please go ahead.

Christin O’Donnell

Thank you, operator. Good morning, and welcome to Labcorp’s third quarter 2024 conference call. As detailed in today’s press release, there will be a replay of this conference call available. With me today are Adam Schechter, Chairman and Chief Executive Officer; and Glenn Eisenberg, Executive Vice President and Chief Financial Officer. This morning, in the Investor Relations section of our website at www.labcorp.com, we posted both our press release and an Investor Relations presentation with additional information on our business and operations, which include a reconciliation of the non-GAAP financial measures to the most comparable GAAP financial measures, both of which are discussed during today’s call.

Additionally, we are making forward-looking statements. These forward-looking statements include, but are not limited to, statements with respect to the estimated 2024 guidance and the related assumptions, the spin-off of Fortrea Holdings, Inc., the impact of various factors on the company’s businesses, operating and financial results, cash flows and/or financial condition, including the COVID-19 pandemic and global economic and market conditions, future business strategies, expected savings, benefits and synergies from the LaunchPad initiative and from acquisitions and other strategic transactions and partnerships, the completed holding company reorganization and opportunities for future growth.

Each of the forward-looking statements is subject to change based upon various factors, many of which are beyond our control. More information is included in our most recent annual report on Form 10-K and subsequent quarterly report on Form 10-Q and in the company’s other filings with the SEC. We have no obligation to provide any updates to these forward-looking statements even if our expectations change.