Fortrea Reports Second Quarter 2026 Results

Four consecutive quarters of execution to drive commercial, operational and financial excellence Increases full-year guidance

For the three months ended June 30, 2026: * Revenues of $678.2 million * Book-to-bill ratio of 1.06x, resulting in 1.12x book-to-bill for the trailing 12 months * GAAP net loss of $(13.2) million, or $(0.14) per diluted share * Adjusted EBITDA of $58.7 million * Adjusted net income of $22.7 million, or $0.23 per diluted share * Cash provided by operations of $28.9 million and free cash flow of $19.9 million * Full-year 2026 guidance increased to revenue of $2,620 million to $2,690 million and adjusted EBITDA of $205 million to $220 million DURHAM, N.C., July 29, 2026 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (“CRO”), today reported financial results for the second quarter ended June 30, 2026.