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Fortrea Reports Third Quarter 2025 Results

For the three months ended September 30, 2025, from continuing operations: Revenues of 701.3millionGAAPnetlossof701.3 millionGAAP net loss of (15.9) millionAdjusted EBITDA of 50.7millionGAAPandadjustednet(loss)incomeperdilutedshareof50.7 millionGAAP and adjusted net (loss) income per diluted share of (0.17) and 0.12,respectivelyBooktobillratioof1.13x,resultingin1.07xbooktobillforthetrailing12monthsCostsavinginitiativesremainontrackRaising2025revenueguidancetoarangeof0.12, respectivelyBook-to-bill ratio of 1.13x, resulting in 1.07x book-to-bill for the trailing 12 monthsCost saving initiatives remain on trackRaising 2025 revenue guidance to a range of 2,700 million to 2,750million;narrowing2025adjustedEBITDAguidancetoarangeof2,750 million; narrowing 2025 adjusted EBITDA guidance to a range of ...