Fortrea Holdings Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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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.
Jun 30, 2025 · Filed Aug 6, 2025
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 Statements of Operations
(in millions, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $710.3 | $662.4 | $1,361.6 | $1,324.5 |
| Costs and expenses: | ||||
| Direct costs, exclusive of depreciation and amortization | 576.8 | 525.3 | 1,111.6 | 1,079.5 |
| Selling, general and administrative expenses, exclusive of depreciation and amortization | 124.8 | 156.2 | 246.6 | 276.3 |
| Depreciation and amortization | 19.6 | 21.4 | 39.1 | 43.3 |
| Goodwill and other asset impairments | 309.1 | — | 797.9 | — |
| Restructuring and other charges | 10.3 | 10.4 | 16.8 | 13.7 |
| Total costs and expenses | 1,040.6 | 713.3 | 2,212.0 | 1,412.8 |
| Operating loss | (330.3) | (50.9) | (850.4) | (88.3) |
| Other income (expense): | ||||
| Interest expense | (23.3) | (45.2) | (45.6) | (79.5) |
| Foreign exchange loss | (19.9) | (1.5) | (25.5) | (6.8) |
| Other, net | 2.8 | 9.0 | 2.8 | 10.3 |
| Loss from continuing operations before income taxes | (370.7) | (88.6) | (918.7) | (164.3) |
| Income tax expense | 4.2 | 10.7 | 19.1 | 14.8 |
| Loss from continuing operations | (374.9) | (99.3) | (937.8) | (179.1) |
| Loss from discontinued operations, net of tax | — | (39.1) | — | (60.3) |
| Net loss | $(374.9) | $(138.4) | $(937.8) | $(239.4) |
| Earnings (loss) per common share | ||||
| Basic and diluted earnings (loss) per share from continuing operations | $(4.14) | $(1.11) | $(10.37) | $(2.01) |
| Basic and diluted earnings (loss) per share from discontinued operations | — | (0.44) | — | (0.68) |
| Basic and diluted earnings (loss) per share | $(4.14) | $(1.55) | $(10.37) | $(2.69) |
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