Fortrea Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,976	3,109	3,096	3,058	2,580
Revenue Growth (YoY)	2.80%	0.42%	1.26%	18.49%	-
Cost of Revenue	2,521	2,589	2,447	2,453	2,091
Gross Profit	454.9	520.4	648.7	604.4	489.1
Selling, General & Admin	427.8	336.6	279.8	303.1	267.6
Operating Expenses	521.6	433	372.5	411.8	372.2
Operating Income	-66.7	87.4	276.2	192.6	116.9
Interest Expense	-136.5	-69.8	-0.2	-0.2	-
Currency Exchange Gain (Loss)	-4.9	0.9	-0.9	20.2	-18.8
Other Non Operating Income (Expenses)	17.4	6.9	2.2	2.1	0.8
EBT Excluding Unusual Items	-190.7	25.4	277.3	214.7	98.9
Merger & Restructuring Charges	-32.5	-24.3	-30.5	-20.7	-11
Impairment of Goodwill	-	-	-	-	-405.7
Asset Writedown	-	-	-9.8	-57.6	-14.4
Pretax Income	-223.2	1.1	237	136.4	-332.2
Income Tax Expense	-5.3	4.5	44.1	38.4	27
Net Income	-300	-3.4	192.9	98	-359.2
Net Income to Common	-300	-3.4	192.9	98	-359.2
Net Income Growth	-	-	96.84%	-	-
Shares Outstanding (Basic)	89	89	89	89	-
Shares Outstanding (Diluted)	89	89	89	89	-
Shares Change (YoY)	0.34%	-	-	-	-
EPS (Basic)	-3.36	-0.04	2.17	1.10	-
EPS (Diluted)	-3.36	-0.04	2.17	1.10	-
EPS Growth	-	-	97.27%	-	-
Free Cash Flow	225	127.1	33.1	143.3	176.9
Free Cash Flow Per Share	2.52	1.43	0.37	1.61	-
Gross Margin	15.29%	16.74%	20.95%	19.77%	18.96%
Operating Margin	-2.24%	2.81%	8.92%	6.30%	4.53%
Profit Margin	-10.08%	-0.11%	6.23%	3.21%	-13.92%
Free Cash Flow Margin	7.56%	4.09%	1.07%	4.69%	6.86%
EBITDA	27.1	183.8	368.9	301.3	235.9
EBITDA Margin	0.91%	5.91%	11.91%	9.85%	9.14%
D&A For EBITDA	93.8	96.4	92.7	108.7	119
EBIT	-66.7	87.4	276.2	192.6	116.9
EBIT Margin	-2.24%	2.81%	8.92%	6.30%	4.53%
Effective Tax Rate	-	409.09%	18.61%	28.15%	-

Source: S&P Capital IQ. Standard template. Financial Sources.