Earnings PerformanceThe company's revenue, adjusted EBITDA, and adjusted EPS were better than expected, along with a 6% raise to the midpoint of the company’s 2025 revenue guide.
Executive LeadershipFortrea was up over 5% in after-hours trading on the back of its new CEO announcement.
Strategic InitiativesThe company continues to make progress with its transformation efforts, achieving one-third of its $90 million-$100 million net savings target for 2025 in the first half of the year.