Page 1

Logo NEWS RELEASE Quest Diagnostics Reports Second Quarter 2021 Financial Results ; Establishes Full Year 2021 Outlook 7/22/2021 - Second quarter revenues of $ 2.55 billion , up 39.5 % from 2020 - Second quarter reported diluted earnings per share ( " EPS " ) of $ 4.96 , up 264.2 % from 2020 ; and adjusted diluted EPS of $ 3.18 , up 123.9 % from 2020 - Second quarter cash provided by operations of $ 460 million , up 30.1 % from 2020 - Establishes full year 2021 outlook SECAUCUS , N.J. , July 22 , 2021 / PRNewswire / -- Quest Diagnostics Incorporated ( NYSE : DGX ) , the world's leading provider of diagnostic information services , announced today financial results for the second quarter ended June 30 , 2021 . " We had another strong quarter , with a faster than expected recovery in our base business , " said Steve Rusckowski , Chairman , CEO and President . " This was the first quarter since 2019 that organic base testing revenues grew in the quarter , driven by contributions from new hospital lab management contracts as well as people returning to the healthcare system . We are well - positioned to continue our momentum and support the return to health care in the coming months , which is reflected in the outlook we have provided for the remainder of 2021. " Reported : Net revenues Three Months Ended June 30 , 2021 $ 2,550 $ 2,474 $ 2020 1,827 $ 1,764 Change 39.5 % ( dollars in millions , except per share data ) 40.2 % Six Months Ended June 30 , 2021 $ $ 5,270 5,117 2020 $ 3,649 $ 3,508 Change 44.4 % 45.9 % 1