Fortrea Holdings, Inc. (NASDAQ: FTRE)

This investigation is for anyone who acquired securities in Fortrea Holdings Inc. (NASDAQ: FTRE) prior to March 3, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely disclose that projects that the Company received from its spinoff from LabCorp were in their later stages and not as profitable as they had been in the past, and therefore the Company should expect to see a reduction in revenue.

On March 3, 2025, Fortrea released its fourth quarter and full year 2024 financial results, revealing that projects from before the Company’s spin-off from LabCorp are “late in their life cycle have less revenue and less profitability than expected for 2025” and that “post-spin work is not coming on fast enough to offset the pre-spin contract economics.” The Company further revealed this “older versus newer mix issue will continue to negatively impact [the Company’s] financial performance during 2025.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Fortrea Holdings Inc. (NASDAQ: FTRE) prior to March 3, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.