LH · 10-Q · 2026Q2 · Full report

Headcount / Restructuring

LABCORP HOLDINGS INC. · 2026-08-05 · Importance 49 · Surprise 66

Second-quarter 2026 restructuring and other charges increased 21.2% to $5.1 million from $4.1 million. The 2026 quarterly charges included $5.2 million of severance and personnel costs, $1.7 million of facility costs, and $0.1 million of contract termination costs, reduced by $1.9 million of liability reversals. Six-month restructuring charges rose 10.5% to $11.5 million and included $19.8 million of severance and personnel costs, $3.3 million of facility costs, and $0.1 million of contract termination costs, offset by $11.7 million of reversals.

Key facts

• During the three months ended June 30, 2026, the Company recorded net restructuring and other charges of $5.1 comprised of $5.2 related to severance and other personnel costs, $1.7 in facility-related costs, $0.1 in contract termination costs, and reversals of $1.8 and $0.1. source
• During the six months ended June 30, 2026, the Company recorded net restructuring and other charges of $11.5 comprised of $19.8 related to severance and other personnel costs, $3.3 in facility-related costs, $0.1 in contract termination costs, and reversals of $8.4, $3.1 and $0.2. source