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    Fortrea Holdings Inc (FTRE)

    Financials

    Updated Mar 6, 2025, 10:10 PM UTC
    Income Statement - Metric (Unit, Scale)H1 20239M 2023Q1 2023Q2 2023Q3 2023Q4 2023FY 2023H1 20249M 2024Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Total Revenue (USD, millions)3,109.0--662.1662.4674.96972,696.4
    Cost of Goods Sold (COGS) (USD, millions)2,588.6--554.2525.3526.6556.12,162.2
    Selling, General, and Administrative Expenses (SG&A) (USD, millions)336.6--120.1156.2136.3148.1560.7
    Research and Development (R&D) (USD, millions)--------
    Depreciation and Amortization (D&A) (USD, millions)96.4--21.921.421.220.885.3
    Interest Expense (USD, millions)69.8--34.345.222.421.9123.8
    Operating Income (EBIT) (USD, millions)63.1--(37.4)-50.9-18-55.6-161.9
    Net Income (USD, millions)(3.4)--(101.0)-138.4-27.9-61.2-328.5
    Earnings Per Share (EPS) - Basic (USD)(0.04)--(1.13)-1.56-0.3-0.04-3.03
    Earnings Per Share (EPS) - Diluted (USD)(0.04)--(1.13)-1.56-0.3-0.04-3.03
    Balance Sheet - Metric (Unit, Scale)H1 20239M 2023Q1 2023Q2 2023Q3 2023Q4 2023FY 2023H1 20249M 2024Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Current Assets (USD, millions)1,253.1--1,200.0887.7936.9-948.2
    Cash and Cash Equivalents (USD, millions)108.6--92.8126.2105.3-118.5
    Accounts Receivable (USD, millions)1,052.1--941.0637.9689.1-659.5
    Inventory (USD, millions)--------
    Non-Current Assets (USD, millions)-------2,631.0
    Property, Plant, and Equipment (PP&E) (USD, millions)220.9--167.4173.1173.1-156.3
    Goodwill (USD, millions)2,029.3--1,727.61,725.71,767.0-1,710.4
    Intangible Assets (USD, millions)771.2--707.9691.9691.2-655.7
    Current Liabilities (USD, millions)775.9--818.3749.0795.8-949.5
    Accounts Payable (USD, millions)132.8--131.3144.2137.6-138.2
    Short-term Debt (USD, millions)26.1--55.0---74.8
    Accrued Expenses (USD, millions)356.1--328.7343.3323.1-369.8
    Non-Current Liabilities (USD, millions)-------1,267.3
    Long-term Debt (USD, millions)1,565.9--1,559.41,123.81,124.5-1,049.7
    Lease Liabilities (USD, millions)66.5--59.565.865.4-60.6
    Deferred Tax Liabilities (USD, millions)148.8--150.7136.1126.9-121.7
    Shareholders' Equity (USD, millions)1,738.8--1,591.91,461.11,513.5-1,362.4
    Retained Earnings (USD, millions)--------397.0
    Common Stock (USD, millions)0.1--0.10.10.1-0.1
    Additional Paid-in Capital (USD, millions)2,006.2--2,002.92,017.92,027.3-2,042.2
    Cash Flow - Metric (Unit, Scale)H1 20239M 2023Q1 2023Q2 2023Q3 2023Q4 2023FY 2023H1 20249M 2024Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Adjustments for Non-Cash Items (USD, M)125.0--70.96558.833227.7
    Stock-Based Compensation (USD, M)42.7--15.1151315.358.4
    Changes in Working Capital (USD, M)45.8--14.5346.1-30.334.2364.5
    Capital Expenditures (CapEx) (USD, M)(40.3)--(9.3)-11.2-8.254.225.5
    Proceeds from / Repayments of Debt (USD, M)1,580.0--21.3-29.58.2-0
    Share Repurchases (USD, M)--------
    Dividend Payments (USD, M)--------
    Net Change in Cash (USD, M)(3.4)--(15.8)33.4-20.913.29.9
    Revenue by Geography - in Millions of USDH1 20239M 2023Q1 2023Q2 2023Q3 2023Q4 2023FY 2023H1 20249M 2024Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    North America1,663.5--305.9317.9319.73261,269.5
    Europe827.5--208.3195.9191.8204800.0
    Other618.0--147.9148.6163.4167626.9
    Total Revenue3,109.0--662.1662.4674.96972,696.4
    KPIs - Metric (Unit, Scale)H1 20239M 2023Q1 2023Q2 2023Q3 2023Q4 2023FY 2023H1 20249M 2024Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Organic Revenue Growth (percentage)----4.7-8.3-5.7--