Labcorp

(Dollars and Shares in Millions, Except Per Share Data)

(Unaudited)

| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Three Months Ended June 30, 2025
| | | Dx | | BLS | | Intercompany eliminations and other | | LHI
| Revenues: | | | | | | | |
| Revenues | | $ | 2,748.8 | | | $ | 784.8 | | | $ | (6.3) | | | $ | 3,527.3 |
| | | | | | | | |
| Operating Earnings: | | | | | | | |
| Labor | | 1,155.1 | | | 302.3 | | | | |
| Supplies | | 591.3 | | | 130.8 | | | | |
| Shipping costs | | | | 98.2 | | | | |
| Depreciation | | 65.4 | | | 29.0 | | | | |
| Other operating expenses | | 454.2 | | | 101.2 | | | | |
| Segment operating income | | $ | 482.8 | | | $ | 123.3 | | | | | $ | 606.1 |
| General corporate and unallocated expenses | | | | | | | | (139.2) |
| Amortization of intangibles and other assets | | | | | | | | (68.3) |

2. DISCONTINUED OPERATIONS

On June 30, 2023, (the Distribution Date), Labcorp completed the Spin-off. All historical operating results of Fortrea are presented as Earnings from discontinued operations, net of tax, in the Consolidated Statements of Operations. The Spin-off is expected to be treated as tax-free for the Company and its shareholders for U.S. federal income tax purposes.

Actual results could differ materially from those currently anticipated due to a number of factors, including those in the Annual Report's "Risk Factors" section and other public filings, press releases, and discussions with Company management.

Agreed reimbursement rates are subject to Ministry review at year end and may be adjusted at the government's discretion based on actual volume and mix of testing.

BUSINESS SEGMENT INFORMATION

The following table is a summary of segment information for the three and six months ended June 30, 2026, and 2025. The “management approach” has been used to present the following segment information. This approach is based upon the way the management of the Company organizes segments within an enterprise for making operating decisions and assessing performance. Financial information is reported on the basis that it is used internally by the CODM for evaluating segment performance and deciding how to allocate resources to segments. The Company’s chief executive officer has been identified as the CODM.

The Company’s CODM uses segment operating income to evaluate segment performance and to allocate resources. This segment performance measure excludes the amortization of intangibles and other assets, restructuring and other charges, goodwill and other asset impairments, and certain corporate charges for items such as transaction costs and other special items. Other operating expenses are comprised primarily of rent, maintenance, sendout testing, utilities, travel and entertainment, and other segment expenses, including shipping costs for Dx. Segment asset information is not presented because it is not used by the CODM.