Fortrea (NASDAQ:FTRE) reported second-quarter 2026 revenue of $678.2 million and adjusted EBITDA of $58.7 million, while raising its full-year revenue and adjusted EBITDA outlook. Adjusted diluted earnings per share were $0.23, while adjusted basic earnings per share were $0.24. McConnell said Fortrea generated $18 million of new gross cost savings and $10 million of new net cost savings during the quarter. Year-to-date gross savings totaled $34 million, while net savings totaled $19 million. Net savings were partly affected by a higher-than-expected variable compensation accrual rate, she said.