FTRE Q1 2023 Earnings — Fortrea Holdings Inc. Revenue & Financial Results | Market Cap Arena

FTREFortrea Holdings Inc.

$851M

Q1 2023 Earnings

Healthcare Biotechnology

Income Statement

Revenue

$694M-10.9% YoY

Gross Profit

$152M22.0% margin

Operating Income

$14M2.0% margin

Net Income

$13M1.8% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+38.1%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$18M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$2.5B

Stockholders' Equity

$1.8B

Cash & Equivalents

$120M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$694M	$779M	-10.9%
Gross Profit	$152M	$117M	+29.9%
Operating Income	$14M	$42M	-66.7%
Net Income	$13M	$33M	-61.5%