Fortrea delivered fourth-quarter results in line with full-year targets, showing resilience after a challenging first half of the year. While revenue declined year-over-year, the company achieved a strong book-to-bill ratio of 1.14x and focused on debt reduction and cost-saving initiatives to strengthen its balance sheet.
Fourth quarter revenue reached $660.5 million, meeting the company's stated full-year targets despite a year-over-year decline.
Achieved a robust Q4 book-to-bill ratio of 1.14x, indicating strong new business awards and a journey back to growth.
GAAP net loss narrowed significantly to $32.5 million compared to a $73.9 million loss in the prior year's quarter.
The company successfully exceeded its full-year cost savings targets and continued disciplined capital allocation for debt paydown.
For the full year 2026, Fortrea expects revenue to be between $2.55 billion and $2.65 billion with Adjusted EBITDA between $190 million and $220 million.
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