Fortrea (FTRE) - 2024 Q1 - Quarterly Results
FTREFortrea (FTRE)2024-05-13 18:50

Exhibit 99.1 Fortrea Reports First Quarter 2024 Results For the three months ended March 31, 2024, from continuing operations: • Revenues of 662.1millionGAAPnetlossof662.1 million • GAAP net loss of 81.6 million • Adjusted EBITDA of 29.5millionGAAPandadjusteddilutedlosspershareof29.5 million • GAAP and adjusted diluted loss per share of (0.91) and $(0.04), respectively • Book-to-bill ratio of 1.11x, resulting in >1.2x book-to-bill for the trailing nine months • Planned divestiture of assets relating to the Endpoint Clinical and Patient Access businesses on track DURHAM, N.C ...