Fortrea Holdings Inc (MEX:FTRE1)

Q2 2026 Fortrea Holdings Inc Earnings Call Transcript

Jul 29, 2026 / 12:00 PM GMT

Release Date Price: MXN435.3

Transcript 10-Q8-K

Key Points

Positve

Fortrea Holdings Inc (FTRE) reported improved full-year revenue and adjusted EBITDA guidance, reflecting strong performance in the first half of 2026.
The company achieved a book-to-bill ratio of 1.06 times in the second quarter, marking the fourth consecutive quarter above 1.0, indicating sustained commercial momentum.
Fortrea Holdings Inc (FTRE) saw a 19% year-over-year increase in net new business awards in the first half of 2026, particularly within the biotech sector.
The Clinical Pharmacology Services (CPS) business showed strong performance, benefiting from scientific capabilities and increased demand.
The company is making progress in operational excellence, with improved on-time delivery performance and customer satisfaction.

Negative

Fortrea Holdings Inc (FTRE) faced a 4.5% decrease in second-quarter revenue year-over-year, primarily due to lower pass-through costs and continued FSP headwinds.
The new CFO, Jason Nadlock, is unable to act due to ongoing proceedings with his former employer, causing interim leadership changes.
Despite improvements, the company still faces challenges with financial discipline, as indicated by the need for ongoing cost optimization initiatives.
There is uncertainty regarding the impact of AI capabilities on commercial strategy, as meaningful benefits are yet to be realized.
The company experienced a net loss of $13.2 million in the second quarter, although this was an improvement from the prior year's loss.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FTRE.OQ - Fortrea Holdings Inc
Q2 2026 Fortrea Holdings Inc Earnings Call
Jul 29, 2026 / 12:00PM GMT

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Presentation
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Operator [1]
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Good day, and thank you for standing by. Welcome to the Forteria Second Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you'll need to press *11 on your telephone. You will then hear an automated message if I see your hand is raised. To withdraw your question, please press *11 again. Please be advised today's conference is being recorded. I would now like to turn the conference over to your speaker today, Tracy Krumay, Senior Vice President of Investor Relations. Please go ahead.

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