FTRE Q1 2024 Earnings — Fortrea Holdings Inc. Revenue & Financial Results | Market Cap Arena

FTREFortrea Holdings Inc.

$851M

Q1 2024 Earnings

Healthcare Biotechnology

Income Statement

Revenue

$662M-4.6% YoY

Gross Profit

$108M16.3% margin

Operating Income

-$37M-5.6% margin

Net Income

-$101M-15.3% margin

EPS (Diluted)

$-1.15

QoQ Revenue Growth

-14.6%

Cash Flow

Operating Cash Flow

-$26M

Free Cash Flow

-$35M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$2.6B

Stockholders' Equity

$1.6B

Cash & Equivalents

$93M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$662M	$694M	-4.6%
Gross Profit	$108M	$152M	-29.2%
Operating Income	-$37M	$14M	-365.2%
Net Income	-$101M	$13M	-908.0%

Geographic Segments

North America

$306M46%

Europe

$208M31%

Other Geographical Areas

$148M22%