Quest Diagnostics Inc Stock Price, News & Analysis

Quest Diagnostics (NYSE: DGX) has scheduled the release of its fourth quarter and full year 2024 financial results for Thursday, January 30, 2025, before market opening. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results.

Participants can join the call by dialing 888-455-0391 (U.S. and Canada) or 773-756-0467 (international) using passcode '7895081'. The earnings release and webcast will be available on Quest's investor website. A replay will be accessible until February 13, 2025, via phone or the company's investor website.

Quest Diagnostics has released details about its corporate governance and ethics framework in its 2023 Corporate Responsibility Report. The company, with over 56 years of experience and 70 billion data points, maintains strong oversight through its Board of Directors and Executive Leadership team.

Key highlights include:

• Board composition featuring 50% women and/or diverse race/ethnicity representation, with 9 independent members
• Six specialized board committees overseeing various aspects of operations
• 2023 achievements including $343 million spent with small and diverse US businesses
• Over 95% employee completion rate for compliance training

The company has set ambitious 2025/2026 goals, including expanding ESG risk assessments of key suppliers and growing spend with small and diverse suppliers to $500 million. Quest's ESG Council meets quarterly to drive integration of ESG initiatives, while the Enterprise Risk Management program promotes risk awareness throughout operations.

Quest Diagnostics made significant environmental progress in 2023 through multiple sustainability initiatives. The company purchased over 40 million kilowatt hours of renewable electricity and installed electric vehicle charging stations in Marlborough, Tampa, and Atlanta. Their fleet optimization reduced driving by 2.6 million miles, saving 96,000 gallons of gasoline and 845 metric tons of CO2 emissions.

The company implemented waste reduction programs at major California laboratories, diverting over 3,500 tons of medical and municipal waste from landfills, generating 1 million kilowatt-hours of electricity, and avoiding 6,900 tons of CO2-equivalent emissions. Their box optimization project achieved an 11% reduction in shipping boxes, saving 23 tons of cardboard.

Quest also obtained ISO 14001 certifications for facilities in Cleveland HeartLab and Chantilly, joining their San Juan Capistrano lab. The company established an Environmental Health Impact Committee to address climate change's health impacts and inform related policies.

Quest Diagnostics has detailed its comprehensive approach to protecting patient data privacy and cybersecurity. The company maintains a robust privacy program with detailed policies, procedures, and annual HIPAA training for all employees. Their cybersecurity framework, overseen by the Chief Information Security Officer, includes multiple security measures aligned with industry best practices.

The company's cybersecurity program encompasses various domains including IT risk management, access controls, data protection, threat intelligence, and incident response. Quest has established an IT Risk Council for oversight and prioritizes supply chain security by assessing vendor security postures. The program adheres to multiple security frameworks including NIST 800, MITRE 40 ATT&CK, and ISO standards, with oversight from the Board of Directors through specialized committees.

Quest Diagnostics (NYSE: DGX) announced that Chairman, CEO and President Jim Davis will participate in a fireside chat at the 7th Annual Evercore HealthCONx Conference in Miami. The presentation, scheduled for December 4, 2024, at 3:00 p.m. Eastern Time, will cover the company's strategy, performance, and current market trends.

The session will be webcast live and accessible through Quest's investor relations page at ir.QuestDiagnostics.com. An archived version will be available within 24 hours after the event and remain accessible until January 3, 2025.

Quest Diagnostics (NYSE: DGX) has launched a new Health Coaching service on questhealth.com through Pack Health®. The service connects individuals with board-certified health advisers for personalized support in areas including general health, weight management, chronic kidney disease, type 2 diabetes, and high cholesterol. The program offers two packages: a 4-session package for $225 and a 6-session package for $275, including one-on-one virtual coaching sessions, regular communication, a welcome kit, and digital content. Customers can integrate their Quest lab results with coaching for a more tailored experience.

Parker Family Health Center (PFHC) in Red Bank, NJ, celebrated its facility expansion with a ribbon-cutting ceremony attended by Quest Diagnostics executives. The renovation includes new exam rooms, conference spaces, private patient areas, and a dedicated phlebotomy room for telehealth services. Quest Diagnostics provides no-cost lab testing through its Quest for Health Equity (Q4HE) initiative.

PFHC has operated for over 23 years, recording nearly 190,000 patient visits, and serves uninsured or underinsured Monmouth County residents. The center maintained operations during its 18-month renovation project and is supported by over 130 volunteers including doctors, nurses, interpreters, and administrative staff.

Quest Diagnostics (NYSE: DGX) announced that its Board of Directors has declared a quarterly cash dividend of $0.75 per share. The dividend will be payable on January 29, 2025 to shareholders of record as of January 14, 2025. This announcement demonstrates the company's continued commitment to returning value to shareholders through regular dividend payments.

A former corrections worker shares her journey joining Quest Diagnostics as a logistics driver between Longview, Texas and Shreveport, Louisiana. The employee highlights the independence of her role, the importance of logistics in patient care, and the supportive work environment at Quest. She appreciates the professional atmosphere, knowledge sharing among experienced colleagues, and the opportunity to coordinate social activities between hubs.