Fortrea Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $674.9 | $713.8 | $1,999.4 | $2,132.8 |
| Costs and expenses: | ||||
| Direct costs, exclusive of depreciation and amortization (including costs incurred from related parties of $48.8 during the nine months ended September 30, 2023) | 526.6 | 563.8 | 1,606.1 | 1,674.0 |
| Selling, general and administrative expenses, exclusive of depreciation and amortization | 136.3 | 106.8 | 412.6 | 321.4 |
| Depreciation and amortization | 21.2 | 22.8 | 64.5 | 67.1 |
| Restructuring and other charges | 8.8 | 10.1 | 22.5 | 14.3 |
| Total costs and expenses | 692.9 | 703.5 | 2,105.7 | 2,076.8 |
| Operating income (loss) | (18.0) | 10.3 | (106.3) | 56.0 |
| Other income (expense): | ||||
| Interest expense | (22.4) | (34.6) | (101.9) | (35.2) |
| Foreign exchange loss | (0.2) | (1.2) | (7.0) | (1.2) |
| Other, net | 4.8 | 3.6 | 15.1 | 4.6 |
| Income (loss) from continuing operations before income taxes | (35.8) | (21.9) | (200.1) | 24.2 |
| Income tax (benefit) expense | (17.3) | (5.8) | (2.5) | 7.3 |
| Income (loss) from continuing operations | (18.5) | (16.1) | (197.6) | 16.9 |
| Income (loss) from discontinued operations, net of tax | (9.4) | 2.1 | (69.7) | 12.4 |
| Net income (loss) | $(27.9) | $(14.0) | $(267.3) | $29.3 |
| Earnings (loss) per common share | ||||
| Basic earnings (loss) per share from continuing operations | $(0.21) | $(0.18) | $(2.21) | $0.19 |
| Basic earnings (loss) per share from discontinued operations | (0.10) | 0.02 | (0.78) | 0.14 |
| Basic earnings (loss) per share | $(0.31) | $(0.16) | $(2.99) | $0.33 |
| Diluted earnings (loss) per share from continuing operations | $(0.21) | $(0.18) | $(2.21) | $0.19 |
| Diluted earnings (loss) per share from discontinued operations | (0.10) | 0.02 | (0.78) | 0.14 |
| Diluted earnings (loss) per share | $(0.31) | $(0.16) | $(2.99) | $0.33 |
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