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

on in 2010. During 2011, the company repurchased $935 million of its common shares.

Outlook for 2012
For 2012, the company estimates results from continuing operations, before special items, as follows:

  • Revenues to grow between 2% and 2.5%;
  • Diluted earnings per share to be between $4.40 and $4.55;
  • Operating income as a percentage of revenues to approach 18%;
  • Cash from operations to approximate $1.2 billion; and
  • Capital expenditures to be between $225 million to $250 million.
  • Note on Non-GAAP Financial Measures
    As used in this press release, the term adjusted refers to the operating performance measures that exclude the Medi-Cal charge, restructuring and integration charges, transaction costs related to the acquisitions of Athena and Celera, CEO succession costs, an employment litigation settlement, and the estimated impact of severe weather. Adjusted measures are presented because management believes those measures are useful adjuncts to reported results under accounting principles generally accepted in the United States.  Adjusted measures should not be considered as an alternative to the corresponding measures determined under accounting principles generally accepted in the United States.

    Conference Call Information
    Quest Diagnostics will hold its fourth quarter conference call on January 24, 2012 at 8:30 a.m. Eastern Time. The public may access the conference call through a live audio webcast available on Quest Diagnostics' Investor Relations internet site at www.QuestDiagnostics.com/investor.  The conference call can also be accessed in listen-only mode by dialing 415-228-4961, passcode 3214469. The company suggests participants dial in approximately 10 minutes before the call.  Registered analysts may access the call at: www.streetevents.com. In add
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