Fortrea Reports Fourth Quarter and Full-Year 2023 Results; Issues Full-Year 2024 Guidance
Fortrea Holdings Inc. (FTRE)
Company Research
Source: GlobeNewswire
For the three months and full year ended December 31, 2023: Revenues of $775.4 million for the fourth quarter, $3,109.0 million for the full yearGAAP net loss of $(36.0) million for the fourth quarter, $(3.4) million for the full yearAdjusted EBITDA of $67.2 million for the fourth quarter, $267.3 million for the full yearFourth-quarter book-to-bill ratio of 1.30x DURHAM, N.C., March 11, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today reported financial results for the fourth quarter and full year ended December 31, 2023. “Fortrea successfully navigated the second half 2023 transforming a “division of a division” into a leader in clinical development,” said Tom Pike, chairman and CEO of Fortrea. “Customers and employees have responded favorably to our patient-inspired purpose and our innovative solutions, combining leading science, technology and people. The planned divestiture of our Patient Access an
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FTRE
News
- Fortrea Reschedules Release of First Quarter 2024 Financial Results and Conference CallGlobeNewswire
- Fortrea Announces Date for First Quarter 2024 Financial Results and Conference CallGlobeNewswire
- Fortrea Holdings Inc. (NASDAQ: FTRE) is now covered by analysts at Robert W. Baird. They set a "neutral" rating and a $43.00 price target on the stock.MarketBeat
- Fortrea Signs Definitive Agreement to Divest Endpoint Clinical and Patient Access Businesses to Arsenal Capital PartnersGlobeNewswire
- Fortrea Increases Patient Access Capabilities and Cold Chain Expertise with FortreaRx™ ExpansionGlobeNewswire
FTRE
Earnings
- 3/11/24 - Miss
FTRE
Sec Filings
- 4/1/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- FTRE's page on the SEC website