Fortrea Reports Fourth Quarter and Full-Year 2024 Results; Issues Full-Year 2025 Guidance
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Fortrea (Nasdaq: FTRE) reported its Q4 and full-year 2024 financial results, showing revenues of $697 million for Q4 and $2.696 billion for the year. The company faced a GAAP net loss of $73.9 million in Q4 and $271.5 million for the year, with an adjusted EBITDA of $56 million for Q4 and $202.5 million for the year. The book-to-bill ratio for Q4 was 1.35x.
March 03, 2025 | 12:00 pm
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Fortrea reported Q4 2024 revenues of $697M and a GAAP net loss of $73.9M. Full-year revenues were $2.696B with a net loss of $271.5M. Adjusted EBITDA for Q4 was $56M. The book-to-bill ratio was 1.35x, indicating strong future demand.
The financial results show a significant net loss, which could be concerning for investors. However, the strong book-to-bill ratio of 1.35x suggests potential future growth, balancing the negative impact of the losses. This results in a neutral short-term impact.
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