Fortrea (FTRE) - 2024 Q2 - Quarterly Results

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 ...