FTRE (FTRE) Tops Q1 EPS by 11c, Beats on Revenue; Offers FY25 Revenue Guidance
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Fortrea Reports Second Quarter 2025 Results
August 6, 2025 6:30 AM EDTFor the three months ended June 30, 2025, from continuing operations:
Revenues of $710.3 millionGAAP net loss of $(374.9) million, inclusive of a non-cash goodwill impairment chargeAdjusted EBITDA of $54.9 millionGAAP and adjusted net (loss) income per diluted share of $(4.14) and $0.19, 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; affirming 2025 adjusted EBITDA... More