secwatch.observer — SEC 8-K summary
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Issuer:     Fortrea Holdings Inc. (FTRE)
CIK:        0001965040
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001628280-25-049217
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortrea Q3 revenue $701.3M, GAAP net loss $(0.17)/share; raises FY revenue guide
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- Revenue $701.3M (+4% YoY); GAAP net loss $(15.9)M vs $(18.5)M loss in Q3 2024.
- Adjusted EPS $0.12 vs $0.23 a year ago; adjusted EBITDA $50.7M vs $64.2M.
- Book-to-bill 1.13x for Q3; backlog $7,644M; trailing 12-month book-to-bill 1.07x.
- FY 2025 revenue guidance raised to $2,700-2,750M; adjusted EBITDA narrowed to $175-195M.
- Cost saving initiatives on track; recent CEO transition noted as smooth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1965040/000162828025049217/0001628280-25-049217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1965040/000162828025049217/ftre-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-049217

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer