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Laboratory Corporation Of America Holdings - Company Profile

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Laboratory Corporation Of America Holdings - Overview

Description
Laboratory is a public company headquartered in North Carolina with an estimated 75,500 employees. In the US, the company has a notable market share in at least six industries: Scientific Research & Development, Diagnostic & Medical Laboratories, DNA & DNA Forensic Laboratories, Contract Pharmaceutical Research Services, Clinical Trial Support Services, Contract Research Organizations and Scientific Research & Development. Their largest market share is in the DNA & DNA Forensic Laboratories industry, where they account for an estimated 12.0% of total industry revenue and are considered a Rising Star because they display lower market share, but displaying stronger profit and revenue growth than some of their peers.
Company Details

Registered Name: Laboratory Corporation Of America Holdings

Company Type: Operating

Exchange: NYSE

Headquarters: 358 S Main St Burlington NC 27215

Website: https://www.labcorp.com/

Employees: 75500

Laboratory Corporation Of America Holdings - Operating Industries and Main Competitors

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Laboratory Corporation Of America Holdings - Products and Services

  • Scientific Research & Development in the US

  • Of the 7 core revenue-generating products and services in the Scientific Research & Development in the US industry, Laboratory Corporation Of America Holdings offers:
    • Biotechnology
    • Licensing rights to intellectual property
    • Life sciences
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  • Diagnostic & Medical Laboratories in the US

  • Of the 6 core revenue-generating products and services in the Diagnostic & Medical Laboratories in the US industry, Laboratory Corporation Of America Holdings offers:
    • Anatomic pathology services
    • Clinical pathology services
    • General pathology services
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  • Contract Research Organizations in the US

  • Of the 4 core revenue-generating products and services in the Contract Research Organizations in the US industry, Laboratory Corporation Of America Holdings offers:
    • Clinical trials
    • Post-marketing surveillance
    • Preclinical trials
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Laboratory Corporation Of America Holdings - Analyst Insights

LabCorp strengthens nonclinical development portfolio with acquisition

LabCorp announced the closing of its acquisition of Toxikon Corporation in December of 2021. Toxicon Corporation specializes in testing and consulting services to bring full-service drugs and medical devices to market approval. Toxikon Corporations location in Bedford, Massachusetts not only provides a strategic footprint by enabling LabCorp access to clients in the Boston area, but also has capacity for expansion. The acquisition bolsters LabCorp’s nonclinical development portfolio, and with strategic access to pharmaceutical and biotechnology clientele in the Boston, Massachusetts area, has the opportunity to increase their market share in the segment.

COVID|Balance Sheet|Labor|New Activity|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Laboratory Corporation Of America Holdings - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Laboratory Corporation Of America Holdings's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Scientific Research & Development in the US, Diagnostic & Medical Laboratories in the US, and Contract Research Organizations in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Laboratory Corporation Of America Holdings - Financial Statements & Ratios

pie_chartLaboratory Corporation Of America Holdings Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue16,120.913,978.511,554.811,333.410,308.09,552.9
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartLaboratory Corporation Of America Holdings Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents1,472.71,320.8337.5426.8316.6433.6
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartLaboratory Corporation Of America Holdings Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income2,379.51,557.0824.9883.91,232.9712.9
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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