Fortrea (FTRE) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 10:46 AM CDT 49 min read

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DATE

Tuesday, May 5, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Anshul Thakral

• Chief Financial Officer — Jill McConnell

Full Conference Call Transcript

Anshul Thakral, Chief Executive Officer; and Jill McConnell, Chief Financial Officer. Before we begin, delight enactment this telephone is being webcast. There is an accompanying descent presumption which tin beryllium recovered connected the Investor Relations conception of our website, fortrea.com. During this call, we'll marque definite forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995. These statements are taxable to important risks and uncertainties that could origin existent results to disagree materially from our existent expectations.

We powerfully promote you to reappraisal the reports filed with the SEC regarding these risks and uncertainties, successful particular, those that are described successful the cautionary connection concerning forward-looking statements and hazard factors successful our property merchandise and presumption that are posted connected our website. Please enactment that immoderate forward-looking statements correspond our views arsenic of today, May 5, 2026, and that we presume nary work to update the forward-looking statements adjacent if estimates change. During this call, we volition besides beryllium referring to definite non-GAAP fiscal measures. These non-GAAP measures are not superior to nor a replacement for the comparable GAAP measures, but we judge these measures supply investors with a much implicit knowing of results.

A reconciliation of non-GAAP fiscal measures to the astir straight comparable GAAP measures is disposable successful the net property merchandise and the presumption slides that are provided successful transportation with today's call. Lastly, I would similar to adhd that Bill Holzmann, Vice President of Treasury and Risk Management, and I volition beryllium astatine the Barclays Leveraged Finance Conference successful Austin connected May 19. If anyone would similar to conscionable with america connected these dates, delight interaction maine oregon a income represented from the firm. With that, I'd similar to crook the telephone implicit to Anshul Thakral, Chief Executive Officer. Anshul, delight spell ahead.

Anshul Thakral: Thank you, Tracy. Good morning, everyone, and convey you for joining america contiguous to sermon Fortrea's archetypal 4th 2026 results. We started the twelvemonth beardown successful the archetypal 4th and stay connected way with our plans. We made advancement connected our travel backmost to maturation and borderline expansion. We delivered coagulated results that bespeak improving commercialized traction, continued operational subject and a wide absorption connected the actions we power successful a marketplace situation that is gradually becoming much favorable. As always, Jill volition stock a reappraisal of our fiscal performance, but I volition commencement with a fewer highlights that intelligibly amusement the advancement connected our journey.