Laboratory Corporation of America Holdings (LabCorp) is a life sciences company that provides comprehensive clinical laboratory and end-to-end drug development services. It operates through LabCorp Diagnostics (LCD) and Covance Drug Development (CDD) segments. The company offers a range of clinical laboratory tests used by hospitals, physicians, and other healthcare providers and commercial clients to assist in the diagnosis, monitoring, and treatment of diseases and medical conditions through the examination of substances in blood, tissues, and other specimens. LabCorp also provides specialty testing services in the areas of women's health, allergy, diagnostic genetics, cardiovascular disease, infectious disease, endocrinology, oncology, coagulation, pharmacogenetics, toxicology, medical drug monitoring, and pain management, as well as esoteric testing, cancer diagnostics, and other complex procedures. Through the CDD segment, the company provides drug, medical device, and companion diagnostic development solutions from early-stage research to clinical development and commercial market access.
Type | Public | |
Founded | 1976 | |
HQ | Burlington, NC, US | Map |
Website | labcorp.com | |
Overall Culture | B | More |
USD | |
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Revenue (FY, 2020) | 14.0b |
Gross profit (FY, 2020) | 5.0b |
Gross profit margin (FY, 2020), % | 35.4% |
Net income (FY, 2020) | 1.6b |
EBIT (FY, 2020) | 2.4b |
Market capitalization (1-Mar-2021) | 23.5b |
Closing stock price (1-Mar-2021) | 241.5 |
Cash (31-Dec-2020) | 1.3b |
EV | 22.7b |
USD | Q1, 2010 | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
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Revenue | 1.2b | 1.2b | 1.3b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b | 1.5b | 1.5b | 1.4b | 1.5b | 1.6b | 1.8b | 2.2b | 2.3b | 2.3b | 2.4b | 2.4b | 2.4b | 2.5b | 2.6b | 2.8b | 2.9b | 2.8b | 2.8b | 2.9b | 2.9b | 2.8b | 2.8b | 3.9b |
Cost of goods sold | 686.7m | 704.8m | 748.8m | 800.0m | 815.1m | 836.0m | 847.2m | 843.9m | 863.3m | 868.7m | 890.9m | 914.6m | 913.9m | 947.8m | 980.6m | 1.2b | 1.4b | 1.5b | 1.5b | 1.6b | 1.6b | 1.6b | 1.6b | 1.7b | 2.1b | 2.0b | 2.0b | 2.0b | 2.1b | 2.1b | 2.1b | 2.0b | 2.3b |
Gross profit | 506.9m | 533.6m | 527.7m | 568.4m | 588.2m | 568.5m | 576.1m | 579.5m | 556.1m | 572.2m | 577.3m | 547.6m | 516.8m | 568.6m | 571.2m | 596.0m | 774.6m | 762.9m | 777.3m | 826.8m | 788.4m | 803.6m | 861.8m | 882.8m | 779.0m | 835.1m | 789.9m | 789.7m | 824.8m | 817.3m | 728.0m | 760.5m | 1.6b |
Gross profit Margin, % | 42% | 43% | 41% | 42% | 42% | 40% | 40% | 41% | 39% | 40% | 39% | 37% | 36% | 37% | 37% | 34% | 35% | 34% | 34% | 35% | 33% | 33% | 34% | 34% | 27% | 29% | 28% | 28% | 29% | 28% | 26% | 27% | 40% |
USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
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Cash | 230.7m | 159.3m | 466.8m | 404.0m | 580.0m | 716.4m | 433.6m | 316.7m | 426.8m | 337.5m | 1.3b |
Accounts Receivable | 655.6m | 699.8m | 718.5m | 784.7m | 815.7m | 1.2b | 1.3b | 1.5b | 1.5b | 1.5b | 2.5b |
Prepaid Expenses | 95.7m | 79.6m | 74.6m | 157.5m | 340.3m | 321.2m | 421.4m | 309.0m | 373.7m | 364.8m | |
Inventories | 103.4m | 110.8m | 121.0m | 136.5m | 139.5m | 191.0m | 205.2m | 227.6m | 237.3m | 244.7m | 423.2m |
USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
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Net Income | 558.2m | 519.7m | 583.1m | 575.4m | 512.6m | 438.0m | 733.2m | 1.3b | 883.9m | 824.9m | |
Depreciation and Amortization | 203.6m | 231.4m | 229.8m | 245.5m | 457.8m | 499.2m | 552.1m | 577.2m | 624.7m | ||
Inventories | 5.8m | (6.1m) | (6.3m) | (15.3m) | (300.0k) | (200.0k) | (9.6m) | (16.4m) | (18.9m) | (21.9m) | (196.6m) |
Accounts Payable | 50.1m | (8.7m) | (30.0m) | 60.8m | (21.2m) | 30.7m | (8.7m) | 85.6m | 43.3m | (12.8m) | (5.3m) |
USD | Q1, 2010 |
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Financial Leverage | 2.3 x |
FY, 2016 | |
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Countries | 60 |
Patient Service Centers | 1.75 k |
Laboratory Corporation of America Holdings revenue breakdown by business segment: 69.9% from LCD and 30.1% from CDD
Laboratory Corporation of America Holdings has 5.38k Twitter Followers. The number of followers has increased 3% month over month and increased 6.5% quarter over quarter
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Tweets
221
Following
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Followers
58
Tweets last 30 days
4.3
Avg. likes per Tweet
39.7%
Tweets with engagement
B
78/100
D+
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When was Laboratory Corporation of America Holdings founded?
Laboratory Corporation of America Holdings was founded in 1976.
Who are Laboratory Corporation of America Holdings key executives?
Laboratory Corporation of America Holdings's key executives are Adam H. Schechter, David P. King and Glenn A. Eisenberg.
How many employees does Laboratory Corporation of America Holdings have?
Laboratory Corporation of America Holdings has 65,000 employees.
What is Laboratory Corporation of America Holdings revenue?
Latest Laboratory Corporation of America Holdings annual revenue is $14 b.
What is Laboratory Corporation of America Holdings revenue per employee?
Latest Laboratory Corporation of America Holdings revenue per employee is $215.1 k.
Who are Laboratory Corporation of America Holdings competitors?
Competitors of Laboratory Corporation of America Holdings include SYNLAB International, NeoGenomics Laboratories and LifeLabs.
Where is Laboratory Corporation of America Holdings headquarters?
Laboratory Corporation of America Holdings headquarters is located at 531 S Spring St, Burlington.
Where are Laboratory Corporation of America Holdings offices?
Laboratory Corporation of America Holdings has an office in Burlington.
How many offices does Laboratory Corporation of America Holdings have?
Laboratory Corporation of America Holdings has 1 office.
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