Laboratory Corporation of America(R) Holdings Announces 2008 Second Quarter Results (Business Wire)

Thursday July 24, 7:55 am ET Growth in Testing Volume and Price Drives Industry-Leading Margins and $194.7 Million in Operating Cash Flow BURLINGTON, N.C.--(BUSINESS WIRE)--Laboratory Corporation of America® Holdings (LabCorp®) (NYSE: LH - News ) today announced results for the quarter ended June 30, 2008. Second Quarter Results Net earnings were $104.2 million, compared to second quarter 2007 net earnings of $128.7 million. Excluding restructuring and other special charges recorded in 2008 and 2007, net earnings increased to $140.1 million. Earnings per diluted share (EPS) were $0.92, compared to $1.05 in the second quarter of 2007. Excluding restructuring and other special charges recorded in 2008 and 2007, EPS increased 13.8% to $1.24. Earnings before interest, taxes, depreciation, amortization, and restructuring and other... [read full story]