Financial PerformanceFortrea reported strong third-quarter results that featured sizable top- and bottom-line beats and significantly higher-than-expected net new business awards, which led to massive sequential improvement in its net book-to-bill ratio.
Revenue OutlookFortrea raised its revenue outlook for 2025 by $75 million, indicating confidence in future growth.
Strategic PartnershipsFTRE noted improving macro environment, especially in biotech, with new partner signings and a strong win rate.