Strong Revenue Growth
Quest Diagnostics reported a 13.1% increase in revenues, with 6.8% organic growth driven by the adoption of clinical innovations and contributions from acquisitions.
Successful Collaborations and Ventures
The company announced a joint venture with Corewell Health to form a lab services joint venture in Michigan and several partnerships with consumer health brands like WHOOP and OURA Health.
Advanced Diagnostics Expansion
Quest Diagnostics experienced double-digit revenue growth in advanced diagnostics, particularly in areas like cardiometabolic, autoimmune, and brain health.
Cash Flow and Financial Performance
Cash from operations increased by 63.1% year-to-date, driven by higher operating income and favorable working capital.
Raised Full-Year Guidance
The company raised its full-year 2025 guidance, expecting revenues between $10.96 billion and $11 billion, and adjusted EPS between $9.76 and $9.84.