secwatch.observer — SEC 8-K summary
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Issuer:     Fortrea Holdings Inc. (FTRE)
CIK:        0001965040
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001628280-26-011942
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortrea Q4 rev $660.5M, adj EBITDA $54M; FY adj net income $40.4M; guides 2026 rev $2.55-2.65B
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- Q4 revenue $660.5M vs $697.0M YoY; GAAP net loss $(32.5)M ($(0.35)/share) vs $(73.9)M loss in Q4 2024.
- Full-year GAAP net loss $(986.2)M ($(10.81)/share) includes $797.9M non-cash goodwill impairment; adjusted net income $40.4M ($0.43/share) vs $30.1M in 2024.
- Full-year adjusted EBITDA $189.9M vs $202.5M in 2024; Q4 adjusted EBITDA $54.0M vs $56.0M.
- Book-to-bill Q4 1.14x, trailing twelve months 1.02x; backlog $7,728M.
- 2026 guidance: revenue $2.55B-$2.65B, adjusted EBITDA $190M-$220M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1965040/000162828026011942/0001628280-26-011942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1965040/000162828026011942/ftre-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-011942

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