Fortrea reports Q2 adjusted EPS 19c, consensus 8c

Reports Q2 revenue $710.3M, consensus $631.46M. “As Fortrea (FTRE) marked two years of independence at the end of June, the last remaining demands of the spin-related transition are firmly in the rear-view mirror,” said Fortrea CFO, Jill McConnell. “Fortrea is now positioned to fully focus on our future, with an unwavering dedication to creating value for our customers, employees and shareholders. Our second quarter performance demonstrated that our business fundamentals are sound, our cash flow is positive, and we delivered on our operational commitments. As we look ahead, we’re excited to welcome Anshul Thakral as our CEO and we’re looking forward to his leadership and the passion for patients that he will bring to Fortrea.”