FTRE Q2 2024 Earnings — Fortrea Holdings Inc. Revenue & Financial Results | Market Cap Arena

FTREFortrea Holdings Inc.

$851M

Q2 2024 Earnings

Healthcare Biotechnology

Income Statement

Revenue

$662M-8.6% YoY

Gross Profit

$137M20.7% margin

Operating Income

-$51M-7.7% margin

Net Income

-$138M-20.9% margin

EPS (Diluted)

$-1.55

QoQ Revenue Growth

+0.0%

Cash Flow

Operating Cash Flow

$274M

Free Cash Flow

$263M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$2.1B

Stockholders' Equity

$1.5B

Cash & Equivalents

$126M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$662M	$725M	-8.6%
Gross Profit	$137M	$156M	-12.3%
Operating Income	-$51M	$32M	-261.1%
Net Income	-$138M	$31M	-549.4%

Geographic Segments

North America

$318M48%

Europe

$196M30%

Other Geographical Areas

$149M22%