Fortrea Q3 revenue $701.3M, GAAP net loss $(0.17)/share; raises FY revenue guide

Fortrea Holdings Inc.

2025-Q3 EPS reported -$10.53 revenue$2,062,900,000

Revenue $701.3M (+4% YoY); GAAP net loss $(15.9)M vs $(18.5)M loss in Q3 2024.
Adjusted EPS $0.12 vs $0.23 a year ago; adjusted EBITDA $50.7M vs $64.2M.
Book-to-bill 1.13x for Q3; backlog $7,644M; trailing 12-month book-to-bill 1.07x.
FY 2025 revenue guidance raised to $2,700-2,750M; adjusted EBITDA narrowed to $175-195M.
Cost saving initiatives on track; recent CEO transition noted as smooth.

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