Quest Diagnostics to Speak at the Bank of America Merrill Lynch 2011 Healthcare Conference
Outlook for 2011 Before Future Special Items
Diluted earnings per common share
Operating income as a % of net revenues
Cash from operations
(a) Represents the first quarter pre-tax charge of $236 million associated with the agreement in principle related to Medi-Cal.
(b) Represents an estimate of the impact of severe weather.
(c) Represents first quarter pre-tax restructuring charges of $13.3 million principally associated with workforce reductions.
(d) Represents first quarter pre-tax transaction costs of $4.7 million associated with the acquisitions of Athena Diagnostics and Celera Corporation. Of these costs, $2.3 million, primarily related to professional and filing fees, was recorded in selling, general, and administrative expenses and $2.4 million of financing related costs were recorded in interest expense, net.
(e) Not significant to the outlook for cash flows from operations.