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Quest Diagnostics Reports Second Quarter 2014 Financial Results
Date:7/24/2014

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1.08

(a) Represents costs primarily associated with workforce reductions and professional fees incurred in connection with further restructuring and integrating our business ($11 million in cost of services and $16 million in selling, general and administrative expenses).

(b) Principally represents costs incurred related to the settlement of legal matters.

(c) For the restructuring, integration and other charges, income tax benefits, where recorded, were calculated using a combined federal and state rate of 38.2%.

 

 Six Months Ended June 30, 2014(dollars in millions, except per share data)Restructuring and Integration ChargesOtherAs Reported(d)(e)As AdjustedOperating income

$

470$

51$

11$

532Operating income as a % of net revenues

12.9

%1.4

%0.3

%14.6

%Income from continuing operations attributable to Quest Diagnostics' stockholders (f)

$

237$

34$

8$

279Diluted earnings per comm
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SOURCE Quest Diagnostics Incorporated
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