Fortrea Holdings Inc

For the period ended Dec 31, 2024. Filed Mar 3, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 3, 2025

FTRE$21.39-3.8%Stored close · as of Nov 10, 2026

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Contents

Consolidated and Combined Statements of Operations

	Years Ended December 31,
	2024	2023	2022
Revenues	$2,696.4	$2,842.5	$2,837.0
Costs and expenses:
Direct costs, exclusive of depreciation and amortization (including costs incurred from related parties of $48.8 and $87.1 during the years ended December 31, 2023 and 2022)	2,162.2	2,251.9	2,112.6
Selling, general and administrative expenses, exclusive of depreciation and amortization	560.7	448.1	416.1
Depreciation and amortization	85.3	89.3	85.5
Goodwill and other asset impairments	—	—	9.8
Restructuring and other charges	50.1	21.2	25.9
Total costs and expenses	2,858.3	2,810.5	2,649.9
Operating income (loss)	(161.9)	32.0	187.1
Other income (expense):
Interest expense	(123.8)	(69.7)	(0.2)
Foreign exchange gain (loss)	(10.6)	0.3	(2.0)
Other, net	21.3	6.9	2.1
Income (loss) from continuing operations before income taxes	(275.0)	(30.5)	187.0
Income tax (benefit) expense	(3.5)	1.2	41.1
Income (loss) from continuing operations	(271.5)	(31.7)	145.9
Income (loss) from discontinued operations, net of tax	(57.0)	6.5	40.3
Net income (loss)	$(328.5)	$(25.2)	$186.2
Earnings (loss) per common share
Basic and diluted earnings (loss) per share from continuing operations	$(3.03)	$(0.36)	$1.64
Basic and diluted earnings (loss) per share from discontinued operations	(0.64)	0.07	0.45
Basic and diluted earnings (loss) per share	$(3.67)	$(0.29)	$2.09

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.