Strong Revenue Growth
Revenue for Q1 2025 was $3.3 billion, up 5.3% compared to last year, driven by organic growth of 2.1% and net acquisitions of 3.7%, partially offset by a foreign currency translation of 0.5%.
Diagnostics Laboratories Business Performance
Diagnostics Laboratories business showed a 6% growth. Adjusted operating income for the quarter was $428 million or 16.3% of revenue.
Biopharma Laboratory Services Segment Growth
Biopharma laboratory services segment grew 3% excluding currency. Margin for BLS was strong, improving 80 basis points, with a quarterly book to bill at 1.13.
New Strategic Collaborations and Acquisitions
Strategic collaborations with Inspira Health and acquisitions of assets from BioReference Health and North Mississippi Health Services were announced, expanding leadership in oncology and other areas.
Innovative Test Launches
Introduced several new tests, including a groundbreaking liquid biopsy test for cancer treatment and a new blood-based biomarker test for Alzheimer's diagnosis.
Adjusted EPS Increase
Adjusted EPS was $3.84, up 4% from last year, with the midpoint of EPS guidance increased by $0.05 per share.