Fortrea Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 12, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 12, 2024
FTRE$21.39-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated and Combined Statements of Operations
(in millions, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $662.4 | $725.1 | $1,324.5 | $1,419.0 |
| Costs and expenses: | ||||
| Direct costs, exclusive of depreciation and amortization (including costs incurred from related parties of $— and $— during the three and six months ended June 30, 2024 and $27.0 and $48.8 during the three and six months ended June 30, 2023, respectively) | 525.3 | 568.7 | 1,079.5 | 1,110.2 |
| Selling, general and administrative expenses, exclusive of depreciation and amortization | 156.2 | 97.8 | 276.3 | 214.6 |
| Depreciation and amortization | 21.4 | 23.4 | 43.3 | 44.3 |
| Restructuring and other charges | 10.4 | 3.6 | 13.7 | 4.2 |
| Total costs and expenses | 713.3 | 693.5 | 1,412.8 | 1,373.3 |
| Operating income (loss) | (50.9) | 31.6 | (88.3) | 45.7 |
| Other income (expense): | ||||
| Interest expense | (45.2) | (0.7) | (79.5) | (0.6) |
| Foreign exchange gain (loss) | (1.5) | 5.2 | (6.8) | — |
| Other, net | 9.0 | 0.5 | 10.3 | 1.0 |
| Income (loss) from continuing operations before income taxes | (88.6) | 36.6 | (164.3) | 46.1 |
| Provision for income taxes | 10.7 | 11.6 | 14.8 | 13.1 |
| Income (loss) from continuing operations | (99.3) | 25.0 | (179.1) | 33.0 |
| Income (loss) from discontinued operations, net of tax | (39.1) | 5.8 | (60.3) | $10.3 |
| Net income (loss) | $(138.4) | $30.8 | (239.4) | $43.3 |
| Earnings (loss) per common share | ||||
| Basic earnings (loss) per share from continuing operations | $(1.11) | $0.28 | $(2.01) | $0.37 |
| Basic earnings (loss) per share from discontinued operations | (0.44) | 0.07 | (0.68) | 0.12 |
| Basic earnings (loss) per share | $(1.55) | $0.35 | $(2.69) | $0.49 |
| Diluted earnings (loss) per share from continuing operations | $(1.11) | $0.28 | $(2.01) | $0.37 |
| Diluted earnings (loss) per share from discontinued operations | (0.44) | 0.07 | (0.68) | 0.12 |
| Diluted earnings (loss) per share | $(1.55) | $0.35 | $(2.69) | $0.49 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.