NYSE$FTRE
Fortrea Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Fortrea's financial performance in Q1 2024 reflected a mix of challenges and progress, with a focus on strategic divestitures and operational improvements.
Fortrea reported Q1 2024 results with revenues of $662.1 million, a GAAP net loss of $81.6 million, and an adjusted EBITDA of $29.5 million. The company is progressing with its planned divestiture of assets and focusing on differentiating its services.
- Revenues for the first quarter were $662.1 million.
- GAAP net loss from continuing operations was $81.6 million, with a diluted loss per share of $0.91.
- Adjusted EBITDA was $29.5 million.
- The book-to-bill ratio for the quarter was 1.11x.
Headline financials
Revenue & EPS history
Fortrea · Revenue · Quarterly
$662M
Forward guidance
For the full year 2024, Fortrea targets revenues in the range of $2,785 million to $2,855 million and adjusted EBITDA guidance in the range of $240.0 million to $260.0 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2024
+1.3%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.5%
Avg return
30 days after
53%
8 / 15 earnings
Positive
+26.0%
Q3 2024
Best reaction
-25.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +18.5% | +25.9% | +40.5% | |
| Q4 2025 | +4.9% | +1.4% | -12.3% | |
| Q3 2025 | +23.4% | +15.3% | +46.8% | |
| Q1 2025 | -15.6% | -27.8% | -11.7% | |
| Q4 2024 | -25.1% | -22.9% | -45.8% | |
| Q3 2024 | +26.0% | +17.9% | +20.1% | |
| Q2 2024 | -11.7% | -11.4% | -18.4% | |
| Q1 2023 | -1.9% | -3.9% | -9.9% | |
| Q1 2024 | -12.7% | -16.6% | -24.8% | |
| Q4 2021 | +3.0% | +4.9% | +2.7% | |
| Q4 2023 | +3.2% | +6.7% | +6.0% | |
| Q3 2022 | +15.1% | -6.6% | -4.0% | |
| Q3 2023 | +15.1% | +13.0% | +14.1% | |
| Q2 2022 | -11.3% | +6.7% | +9.5% | |
| Q2 2023 | -11.3% | -14.9% | -5.9% | |
| Q1 2022 | — | — | — |
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