Fortrea Holdings: Continued Troubles

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 ...