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Quest Diagnostics Reports First Quarter 2025 Financial Results; Reaffirms Revenue and Adjusted Diluted EPS Guidance for Full Year 2025
DGXQuest Diagnostics(DGX) Prnewswire·2025-04-22 10:43

Core Insights - Quest Diagnostics reported strong revenue growth of approximately 12% in Q1 2025, driven by demand recovery and contributions from acquisitions [2][7] - The company reaffirmed its revenue and adjusted EPS guidance for the full year 2025 [2] Financial Performance - Net revenues for Q1 2025 were 2.652billion,upfrom2.652 billion, up from 2.366 billion in Q1 2024, representing a 12.1% increase [2][12] - Diagnostic Information Services revenues increased by 12.7% to 2.589billion[2][12]−Operatingincomeroseto2.589 billion [2][12] - Operating income rose to 346 million, a 15.4% increase from 300millioninthepreviousyear[2][12]−NetincomeattributabletoQuestDiagnosticswas300 million in the previous year [2][12] - Net income attributable to Quest Diagnostics was 220 million, up 13.2% from 194million[2][12]−DilutedEPSforQ12025was194 million [2][12] - Diluted EPS for Q1 2025 was 1.94, reflecting a 12.8% increase from 1.72inQ12024[2][12]OperationalMetrics−Requisitionvolumeincreasedby12.41.72 in Q1 2024 [2][12] Operational Metrics - Requisition volume increased by 12.4%, while organic requisition volume decreased by 0.9% [2] - Revenue per requisition saw a slight increase of 0.3% [2] Updated Guidance for 2025 - The updated guidance for net revenues is projected between 10.70 billion and 10.85billion,indicatinganincreaseof8.410.85 billion, indicating an increase of 8.4% to 9.9% [3] - Reported diluted EPS is expected to range from 8.62 to 8.87,whileadjusteddilutedEPSremainsbetween8.87, while adjusted diluted EPS remains between 9.55 and 9.80[3][7]−Cashprovidedbyoperationsisanticipatedtobeapproximately9.80 [3][7] - Cash provided by operations is anticipated to be approximately 1.5 billion, with capital expenditures around 500million[3]CashFlowandCapitalExpenditures−CashprovidedbyoperationsinQ12025was500 million [3] Cash Flow and Capital Expenditures - Cash provided by operations in Q1 2025 was 314 million, a significant increase of 103.4% from 154millioninQ12024[2][16]−Capitalexpendituresforthequarterwere154 million in Q1 2024 [2][16] - Capital expenditures for the quarter were 117 million, up 11.9% from 104million[2][16]BalanceSheetHighlights−AsofMarch31,2025,totalassetswere104 million [2][16] Balance Sheet Highlights - As of March 31, 2025, total assets were 15.797 billion, down from 16.153billionattheendof2024[14]−Currentliabilitiesdecreasedto16.153 billion at the end of 2024 [14] - Current liabilities decreased to 1.441 billion from 2.169billion[14]−Totalstockholders′equityincreasedto2.169 billion [14] - Total stockholders' equity increased to 6.962 billion from $6.813 billion [14]