Cost OptimizationThe company is focusing on optimizing its cost structure, planning to reduce net costs by $90 million to $100 million this year and has captured significant gross savings this quarter.
Financial PerformanceAdjusted EBITDA is expected to increase to $204 million in 2026, showing a 15% year-over-year growth.
LeadershipFortrea's announcement of appointing Anshul Thakral as president and CEO boosted the stock by over 5% in after-hours trading, indicating market optimism.