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Quest Diagnostics Reports Fourth Quarter 2011 Financial Results; Provides Guidance for 2012
Date:1/24/2012

reWeather(l)RestructuringCharges(m) 

EmploymentLitigationSettlementAs Adjusted 

 

 

 

 

 

  

Operating income

$  1,295.5

$
4.1

$
27.0

$
9.6

$  1,346.2 

Operating income as a % of net revenues

17.6%

0.2%

0.4%

0.1%

18.3% 

Income from continuing operations (n)

722.7

8.6

16.4

5.9

753.6 

Diluted earnings per common share

4.06

0.05

0.09

0.03

4.23 

 

 

 

(l)

Represents an estimate of the impact of severe weather in the first quarter of 2010. 

 

 

  

 

 

(m)

Includes $27.0 million of pre-tax restructuring charges, principally associated with workforce reductions. 

 

 

  

 

 

(n)

For the estimated impact of severe weather, restructuring charges, and the employment litigation settlement, income tax expense was calculated using a combined federal and state rate of 39%.  3)

The following table summarizes the impact to the year over year comparisons for restructuring and integration charges, CEO succession costs and the employment litigation settlement on certain reported results for the three months ended December 31, 2011 and 2010 (in millions, except per share data):  

 

 

 

Three months ended December 31, 2011 and 2010 

 

 

 

Restructuring and IntegrationCharges 

 

CEO Succession Costs 

 
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SOURCE Quest Diagnostics Incorporated
Copyright©2010 PR Newswire.
All rights reserved

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