Fortrea Holdings Exceeds Revenue and EPS Estimates; Raises FY26 Outlook
Fortrea Holdings (FTRE) reported better-than-expected results for Q2, with non-GAAP earnings per share of $0.23, surpassing estimates by $0.05. The company also generated revenue of $678.2 million, which beat expectations despite a 4.5% year-over-year decline in sales. The firm's strong performance was supported by a book-to-bill ratio of 1.06x for the quarter and an impressive trailing twelve-month (TTM) book-to-bill ratio of 1.12x, indicating robust order inflow relative to revenue generation. Fortrea also reported adjusted EBITDA of $58.7 million. In response to its solid Q2 results, Fortrea has raised its full-year FY26 outlook, signaling confidence in continued performance and operational momentum.
Tickers: $FTRE
Topics: Earnings Non-GAAP EPS Revenue Beat