8-K
filed May 5, 2026, 7:59 PM ET
ticker FTRE
CIK 0001965040
earnings
confidence high
sentiment positive
materiality 0.65
Fortrea Q1 revenue $636.5M; adjusted EPS $0.16 beats prior year; book-to-bill 1.15x
Fortrea Holdings Inc.
2026-Q1 EPS reported
-$0.25
revenue$636,500,000
- Revenue $636.5M, down 2.3% YoY from $651.3M; GAAP net loss $23.6M ($0.25 loss per share).
- Adjusted net income $15.2M, adjusted diluted EPS $0.16 vs. $0.02 in Q1 2025.
- Adjusted EBITDA $47.0M, up 55% from $30.3M; backlog $7.85B; book-to-bill 1.15x (3rd straight quarter >1.1x).
- Full-year 2026 guidance affirmed: revenue $2.55B-$2.65B, adjusted EBITDA $190M-$220M.
- CEO cites strong commercial traction and investment in new Fortrea Intelligent Technology platform.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Fortrea Holdings Inc. reported Full year 2026 results: revenue $2,550 million to $2,650 million. Guidance reaffirmed.
- Period
- Full year 2026
- Revenue
- $2,550 million to $2,650 million
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
The Company reiterated its guidance for the full year 2026, targeting revenues in the range of $2,550 million to $2,650 million and adjusted EBITDA in the range of $190 million to $220 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Fortrea Holdings Inc. reported First quarter ended March 31, 2026 results: revenue $636.5 million, net income $15.2 million, EPS $0.16.
- Period
- First quarter ended March 31, 2026
- Revenue
- $636.5 million
- Net income
- $15.2 million
- EPS
- $0.16
- Result
- reported results
Exact text from the filing
Revenue for the first quarter was $636.5 million, compared to $651.3 million in the first quarter of 2025. First quarter GAAP net loss was $23.6 million and diluted loss per share was $0.25
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Fortrea Holdings Inc. reported First quarter ended March 31, 2026 results: revenue $636.5 million, net income $15.2 million, EPS $0.16.
- Period
- First quarter ended March 31, 2026
- Revenue
- $636.5 million
- Net income
- $15.2 million
- EPS
- $0.16
- Result
- reported results
Exact text from the filing
reinforces confidence in FY 2026 guidance Book-to-bill of 1.15x is third consecutive quarter above 1.1x Highlights For the three months ended March 31, 2026: • Revenues of $636.5 million • Book-to-bill ratio of 1.15x, resulting in 1.05x book-to-bill for the trailing 12 months • GAAP net loss of $(23.6) million, or $(0.25) per diluted share • Adjusted EBITDA of
View on SEC.gov
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