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Quest Diagnostics Reports Second Quarter 2013 Financial Results
Date:7/18/2013

integration charges and CEO succession costs on certain reported results for the three and six months ended June 30, 2013 and 2012 (in millions, except per share data):  Three months ended June 30, 2013 and 2012Restructuring and IntegrationChargesCEO Succession Costs20132012Better (Worse)20132012Better (Worse)Cost of services

$

6.9$

4.6$

(2.3)$

—$

—$

—Selling, general and administrative

11.97.7(4.2)—3.03.0Operating income

18.812.3(6.5)—3.03.0Income from continuing operations attributable to Quest Diagnostics' stockholders

11.57.6(3.9)—1.81.8Diluted earnings per common share

0.070.05(0.02)—0.010.01Six months ended June 30, 2013 and 2012Restructuring and IntegrationChargesCEO Succession Costs20132012Better (Worse)20132012Better (Worse)Cost of services

$

24.3$

8.6$

(15.7)$

—$

—$

—Selling, general and administrative

39.016.8(22.2)—10.110.1Operating income

63.325.4(37.9)—10.110.1Income from continuing operations attributable to Quest Diagnostics' stockholders

38.915.6(23.3)—6.16.1Diluted earnings per common share

0.240.10(0.14)—0.040.04 

4)

Other operating (income) expense, net includes miscellaneous income and expense items related to operating activities.  For both the three and six months ended June 30, 2013, other operating (income) expense, net includes a gain of $5.7 million resulting from consideration associated with certain non-compete agreements.  5)

Other income (expense), net represents miscellaneous income and expense items related to non-operating activities, such as gains and losses associated with investments and other non-operating assets.  For the six months ended June 30, 2013 and 2012, other income (expense
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SOURCE Quest Diagnostics Incorporated
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