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Quest Diagnostics NEWS RELEASE Quest Diagnostics Reports First Quarter 2021 Financial Results ; Announces Plan for $ 1.5 Billion Accelerated Share Repurchase 4/22/2021 -- - First quarter revenues of $ 2.72 billion , up 49.3 % from 2020 - First quarter reported diluted earnings per share ( " EPS " ) of $ 3.46 , up 375.8 % from 2020 ; and adjusted diluted EPS of $ 3.76 , up 298.9 % from 2020 -- First quarter cash provided by operations of $ 731 million , up 194.9 % from 2020 -- Expects to launch an accelerated share repurchase of approximately $ 1.5 billion in the coming days -- Updates outlook for the first half of 2021 SECAUCUS , N.J. , April 22 , 2021 / PRNewswire / -- Quest Diagnostics Incorporated ( NYSE : DGX ) , the world's leading provider of diagnostic information services , announced today financial results for the first quarter ended March 31 , 2021 . " Quest had a very strong first quarter , with our base business continuing its recovery to near pre - pandemic levels , " said Steve Rusckowski , Chairman , CEO and President , Quest Diagnostics . " Contributions from acquisitions and Professional Lab Services relationships accelerated growth in the base business and helped offset the reduction in demand for COVID - 19 testing , which was in line with industry trends . In March , for the first time since the pandemic began , monthly organic revenue in the base business grew versus our 2019 baseline . As we noted at our recent Investor Day , Quest is well positioned to grow as the U.S. exits the pandemic and people return to normal activities and address the routine care issues that have been neglected over the past year . " Three Months Ended March 31 , 1