Fortrea Holdings Inc. (FTRE) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

, Oct. 18, 2024 (GLOBE NEWSWIRE) -- (CRO) Fortrea (Nasdaq: FTRE) Fortrea (Fortrea for Better) Fortrea.com Fortrea (ESG) | --- | --- | --- | |---------|-------|-------| | | | | | Fortrea | | | | Fortrea | | | | Fortrea | | | | Fortrea | | | "Fortrea " ESG Sandy Kennedy Fortrea 100 300 "" (ERG) Fortrea 4,000 Fortrea (CSR) ESG Fortrea Tom Pike 2,500 CEO Action for Diversity & Inclusion™ () (DEI) Fortrea EcoVadis CDP—— Fortrea 2026 ""Tom Pike "" Fortrea Fortrea (Nasdaq: FTRE) Fortrea I IV Fortrea 20 100 / Fortr ...

DURHAM, N.C., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced the release of the company's inaugural Corporate Social Responsibility report, "Fortrea for Better." Available for download on Fortrea.com, the report describes Fortrea's environmental, social and governance (ESG) activities, reported across four distinct sections: Fortrea for Life: Responsible Environmental Practices Fortrea for All: Responsible People Practices For ...

NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company") (NASDAQ: FTRE). Investors who purchased Fortrea securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/FTRE. Investigation Details On September 25, 2024, Jefferies downgraded Fortrea, citing perceived weaknesses in the Comp ...

Solskin In May, I believed that there were still many question marks on Fortrea Holdings Inc. (NASDAQ:FTRE), a focused contract research organization. The spin-off from Labcorp Holdings Inc. (LH) has been battered because of flattish sales trends, a lack of earnings, and substantial leverage employed. Earlier this year, the company divested some assets to reduce leverage, as the lack of earnings remains a problem, despite modest topline sales growth and talks about a growing backlog. With the business now s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-41704 FORTREA HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 92-2796441 | --- | --- | --- | |-- ...

Fortrea Holdings Inc. (NASDAQ:FTRE) Q2 2024 Results Conference Call August 12, 2024 9:00 AM ET Company Participants Hima Inguva - Head of Investor Relations, Corporate Development Tom Pike - Chairman, Chief Executive Officer Jill McConnell - Chief Financial Officer Conference Call Participants David Windley - Jefferies Patrick Donnelly - Citi Luke Sergott - Barclays Elizabeth Anderson - Evercore Justin Bowers - DB Max Smock - William Blair Charles Rhyee - TD Cowen Eric Coldwell - Baird Michael Ryskin - Bank ...

Fortrea Holdings Inc. (FTRE) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.07. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -142.86%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.04, delivering a surprise of -300%. Over the last four quarters, the company has surpas ...

Exhibit 99.1 ✈ Fortrea Fortrea Reports Second Quarter 2024 Results For the three months ended June 30, 2024, from continuing operations: • Revenues of $662.4 million • GAAP net loss of $(99.3) million • Adjusted EBITDA of $55.2 million • GAAP and adjusted loss per share of $(1.11) and $(0.03), respectively • Book-to-bill ratio of 0.96x, resulting in 1.16x book-to-bill for the trailing 12 months • Completed divestiture of assets relating to the Endpoint Clinical and Patient Access businesses • Debt paydown o ...

For the three months ended June 30, 2024, from continuing operations: Revenues of $662.4 million GAAP net loss of $(99.3) million Adjusted EBITDA of $55.2 million GAAP and adjusted diluted loss per share of $(1.11) and $(0.03), respectively Book-to-bill ratio of 0.96x, resulting in 1.16x book-to-bill for the trailing 12 months Completed divestiture of assets relating to the Endpoint Clinical and Patient Access businesses Debt paydown of $504 million in the quarter using initial divestiture and securitizatio ...