Fortrea Holdings Inc

FTRE: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Fortrea Earnings: Turnaround Progress Supported by Improved Bookings and Cost Discipline

Rachel Elfman

May 7, 2026

Fortrea posted first-quarter revenue of $636 million, down 2.3% from the prior-year period. However, adjusted EBITDA improved 55% year over year to $47 million. Management maintained its 2026 guidance of $2.6 billion at the midpoint and adjusted EBITDA range of $190 million-$220 million.

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Fortrea Holdings Inc

Fortrea Earnings: Turnaround Progress Supported by Improved Bookings and Cost Discipline

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