Fortrea Holdings Inc
For the period ended Mar 31, 2024. Filed May 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 24, 2024
FTRE$21.39-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated and Combined Statements of Operations
(in millions, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $662.1 | $693.9 |
| Costs and expenses: | ||
| Direct costs, exclusive of depreciation and amortization (including costs incurred from related parties of $0.0 and $21.7 during the three months ended March 31, 2024 and 2023, respectively) | 554.2 | 541.5 |
| Selling, general and administrative expenses, exclusive of depreciation and amortization | 120.1 | 116.8 |
| Depreciation and amortization | 21.9 | 20.9 |
| Restructuring and other charges | 3.3 | 0.6 |
| Total costs and expenses | 699.5 | 679.8 |
| Operating income (loss) | (37.4) | 14.1 |
| Other income (expense): | ||
| Interest income (expense) | (34.3) | 0.1 |
| Foreign exchange gain (loss) | (5.3) | (5.2) |
| Other, net | 1.3 | 0.5 |
| Income (loss) from continuing operations before income taxes | (75.7) | 9.5 |
| Provision for income taxes | 4.1 | 1.5 |
| Income (loss) from continuing operations | $(79.8) | $8.0 |
| Income (loss) from discontinued operations, net of tax | (21.2) | 4.5 |
| Net income (loss) | $(101.0) | $12.5 |
| Earnings (loss) per common share | ||
| Basic earnings (loss) per share continuing operations | $(0.89) | $0.09 |
| Basic earnings (loss) per share discontinued operations | $(0.24) | $0.05 |
| Basic earnings (loss) per share | $(1.13) | $0.14 |
| Diluted earnings (loss) per share continuing operations | $(0.89) | $0.09 |
| Diluted earnings (loss) per share discontinued operations | $(0.24) | $0.05 |
| Diluted earnings (loss) per share | $(1.13) | $0.14 |
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