Fortrea (FTRE) - 2023 Q4 - Annual Results
FTREFortrea (FTRE)2024-03-11 00:00

Exhibit 99.1 Fortrea Reports Fourth Quarter and Full-Year 2023 Results; Issues Full-Year 2024 Guidance For the three months ended December 31, 2023 and full year 2023: • Revenues of 775.4millionforfourthquarter,775.4 million for fourth quarter, 3,109.0 million for the full year • GAAP net loss of (36.0)millionforthefourthquarter,(36.0) million for the fourth quarter, (3.4) million for the full year • Adjusted EBITDA of 67.2millionforthefourthquarter,67.2 million for the fourth quarter, 267.3 million for the full year • Fourth-quarter book-to-bill ratio of 1.30x DURHAM, N.C., March 11, 2024 — ...