Fortrea Holdings Inc

FTRE: XNAS (USA)

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Narrow-Moat Fortrea's Bookings Strength and Turnaround Progress Support Stronger Near-Term Outlook

Rachel Elfman

Jul 30, 2026

Business Strategy and Outlook

Fortrea is a global, late-stage contract research organization that provides comprehensive phase 1 through phase 4 clinical trial management, clinical pharmacology, and patient access solutions. Fortrea has a lengthy 30-year history dating to the 1990s, originally part of Corning's pharmaceutical services business. In 1997, Corning spun off this segment, which was named Covance. In 2015, Laboratory Corp. of America acquired Covance for $6.1 billion.

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Fortrea Holdings Inc

Narrow-Moat Fortrea's Bookings Strength and Turnaround Progress Support Stronger Near-Term Outlook

Business Strategy and Outlook

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