Fortrea raises full-year 2026 revenue guidance while navigating a covenant proceeding and naming an interim finance chief.
Fortrea Holdings Inc. updated its 2026 revenue forecast to a range of $2.62 billion to $2.69 billion, reflecting steady operational progress. The company also raised its adjusted EBITDA guidance for the year.
The revised outlook follows a quarter of improved performance, though Fortrea remains amid a covenant proceeding involving former CFO David Madlock. The appointment of an interim CFO was announced alongside the guidance update.
Management cited ongoing execution as a driver for the raised targets, though no immediate market reaction was detailed in the earnings call summary.