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Fortrea Holdings Inc. (FTRE)

For the quarter ending 2025-06-30, FTRE made $710.3M in revenue. -$374.9M in net income. Net profit margin of -52.78%.

Overview

Revenue
$710.3M
Net Income
-$374.9M
Net Profit Margin
-52.78%
EPS
-$4.14
Unit: Million (M) dollars
Revenue Breakdown
    • Direct costs, exclusive of depre...
    • Pass through costs
    • Selling, general and administrat...
    • Others
Revenue Breakdown
    • North America
    • Europe
    • Other Geographical Areas

Unit: Million (M) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Revenues710.3 651.3 674.9 662.4
Selling, general and administrative expenses, exclusive of depreciation and amortization124.8 121.8 136.3 156.2
Restructuring and other charges10.3 6.5 8.8 10.4
Goodwill and other asset impairments309.1 488.8 - -
Depreciation and amortization19.6 19.5 21.2 21.4
Direct costs, exclusive of depreciation and amortization576.8 534.8 526.6 525.3
Total costs and expenses1,040.6 1,171.4 692.9 713.3
Operating loss-330.3 -520.1 -18 -50.9
Interest expense-23.3 -22.3 -22.4 -45.2
Foreign exchange loss-19.9 -5.6 -0.2 -1.5
Other, net2.8 - 4.8 9
Loss from continuing operations before income taxes-370.7 -548 -35.8 -88.6
Income tax expense4.2 14.9 -17.3 10.7
Loss from continuing operations-374.9 -562.9 -18.5 -99.3
Loss from discontinued operations, net of tax- - -9.4 -39.1
Net loss-374.9 -562.9 -27.9 -138.4
Basic average shares- 90,100,000 89,600,000 89,400,000
Diluted average shares- 90,100,000 89,600,000 89,400,000
Basic earnings (loss) per share (in dollars per share)-4.14 -6.25 -0.31 -1.55
Diluted earnings (loss) per share (in dollars per share)-4.14 -6.25 -0.31 -1.55
Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement

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Net loss-$374.9M (-170.88%↓ Y/Y)Loss from continuingoperations-$374.9M (-277.54%↓ Y/Y)Loss from continuingoperations before income...-$370.7M (-318.40%↓ Y/Y)Income tax expense$4.2M (-60.75%↓ Y/Y)Other, net$2.8M (-68.89%↓ Y/Y)Segment operatingincome$25.4M Direct costs,exclusive of depreciation...$298.7M Depreciation andamortization$5M Pass through costs$276.3M Selling, general andadministrative expenses,...$104.9M Foreign exchange loss-$19.9M (-1226.67%↓ Y/Y)Interest expense-$23.3M (48.45%↑ Y/Y)Operating loss-$330.3M (-548.92%↓ Y/Y)Revenues$710.3M (7.23%↑ Y/Y)Total costs andexpenses$1,040.6M (45.89%↑ Y/Y)Direct costs,exclusive of depreciation...$576.8M (9.80%↑ Y/Y)Depreciation andamortization$19.6M (-8.41%↓ Y/Y)Goodwill and other assetimpairments$309.1M Restructuring and othercharges$10.3M (-0.96%↓ Y/Y)Selling, general andadministrative expenses,...$124.8M (-20.10%↓ Y/Y)