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Fortrea Holdings Inc. (FTRE)
NASDAQ:FTRE
RESEARCH TOOLSreports
Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.37Last Year’s EPS
0.19Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -25.05%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong new business wins and operational improvements offset by financial challenges from pre-spin project economics and a significant decline in profitability and revenue. The company is implementing cost-saving measures and expects long-term growth, but faces near-term financial pressures.Company Guidance
In the Fortrea Holdings Inc. Fourth Quarter 2024 Earnings Conference Call, the company provided detailed guidance for 2025, projecting revenues in the range of $2.45 billion to $2.55 billion and adjusted EBITDA between $170 million and $200 million. The company reported a strong book-to-bill ratio of 1.35 for the fourth quarter and 1.16 for the trailing twelve months, with a backlog of approximately $7.7 billion, reflecting a 4.2% growth over the past year. Despite the strong bookings, Fortrea anticipates challenges in 2025 due to a mix of older projects that are later in their lifecycle, resulting in lower revenue and profitability than previously expected. The company is implementing transformation programs aiming for $40 to $50 million in net savings in 2025, with a focus on reducing SG&A costs and optimizing operations. Fortrea's long-term outlook includes a return to growth in the first half of 2026, supported by new project wins and improved operational efficiency.Strong Book-to-Bill Ratio
Fortrea Holdings Inc. achieved a book-to-bill ratio of 1.35 in the fourth quarter and 1.29 for the second half of the year, with an average of 1.2 since their spin-off.
Growth in Backlog
The company's backlog grew to $7.7 billion, reflecting a 4.2% increase over the past twelve months.
Successful TSA Exit
Fortrea Holdings Inc. successfully exited most of the transition service agreements with their former parent, reducing associated payments significantly.
Operational Improvements
The company achieved improved Net Promoter Scores and successfully launched new HR and finance ERP systems.
Debt Reduction
Fortrea Holdings Inc. reduced its debt by $475 million, leading to a 22% reduction in interest and securitization costs in the fourth quarter compared to the previous year.
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FTRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $13.85 | $10.38 | -25.05% |
| Nov 08, 2024 | $18.05 | $23.50 | +30.19% |
| Aug 12, 2024 | $25.16 | $20.04 | -20.35% |
| May 13, 2024 | $33.03 | $28.11 | -14.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fortrea Holdings Inc. (FTRE) report earnings?
Fortrea Holdings Inc. (FTRE) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Fortrea Holdings Inc. (FTRE) earnings time?
Fortrea Holdings Inc. (FTRE) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTRE EPS forecast?
FTRE EPS forecast for the fiscal quarter 2024 (Q4) is 0.37.
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