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Fortrea Reports Second Quarter 2025 Results

For the three months ended June 30, 2025, from continuing operations: Revenues of 710.3millionGAAPnetlossof710.3 millionGAAP net loss of (374.9) million, inclusive of a non-cash goodwill impairment chargeAdjusted EBITDA of 54.9millionGAAPandadjustednet(loss)incomeperdilutedshareof54.9 millionGAAP and adjusted net (loss) income per diluted share of (4.14) and 0.19,respectivelyBooktobillratioof0.79x,resultingin1.10xbooktobillforthetrailing12monthsCostsavinginitiativesremainontrackRaising2025revenueguidancetoarangeof0.19, respectivelyBook-to-bill ratio of 0.79x, resulting in 1.10x book-to-bill for the trailing 12 monthsCost saving initiatives remain on trackRaising 2025 revenue guidance to a range of 2,600 million to $2,700 million; affirmi ...