LH · 10-Q · 2026Q3 · Full report

Restructuring and Headcount

LABCORP HOLDINGS INC. · 2026-10-30 · Importance 53 · Surprise 82

Net restructuring and other charges increased to $15.9 million in the third quarter of 2026 from $5.9 million in the prior-year quarter. The 2026 quarter included $12.3 million of severance and other personnel costs, $2.5 million of long-lived asset impairment and other non-cash charges, and $2.3 million of facility-related costs, partly offset by reversals of previously established liabilities. For the first nine months, net charges were $27.4 million versus $16.4 million in 2025, including $32.1 million of severance and personnel costs before liability reversals.

Key facts

• Labcorp recorded $15.9 million of net restructuring and other charges in the three months ended September 30, 2026, comprising $12.3 million of severance and personnel costs, $2.5 million of long-lived asset impairment and other non-cash charges, and $2.3 million of facility costs, net of specified liability reversals. source
• Labcorp recorded $27.4 million of net restructuring and other charges in the nine months ended September 30, 2026, comprising $32.1 million of severance and personnel costs, $5.6 million of facility costs, $2.5 million of impairment and other non-cash charges, and $0.1 million of contract termination costs, net of liability reversals. source