{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-030101","form_type":"8-K","ticker":"FTRE","cik":"0001965040","company_name":"Fortrea Holdings Inc.","filed_at":"2026-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.330954+00:00","generated_at":"2026-05-14T23:35:09.875202+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Fortrea Q1 revenue $636.5M; adjusted EPS $0.16 beats prior year; book-to-bill 1.15x","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-030101","json":"https://secwatch.observer/filing/0001628280-26-030101.json","markdown":"https://secwatch.observer/filing/0001628280-26-030101.md","text":"https://secwatch.observer/filing/0001628280-26-030101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/0001628280-26-030101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/ftre-20260505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T23:35:09.875202+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac19aa8ac88e2c8050cd97bf10d7541783916114","claim":"Fortrea Holdings Inc. reported Full year 2026 results: revenue $2,550 million to $2,650 million. Guidance reaffirmed.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/0001628280-26-030101-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full year 2026"},{"label":"Revenue","value":"$2,550 million to $2,650 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e3a910f7da3dca4fd7f4a5916a47fc10aea7548e","claim":"Fortrea Holdings Inc. reported First quarter ended March 31, 2026 results: revenue $636.5 million, net income $15.2 million, EPS $0.16.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/0001628280-26-030101-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First quarter ended March 31, 2026"},{"label":"Revenue","value":"$636.5 million"},{"label":"Net income","value":"$15.2 million"},{"label":"EPS","value":"$0.16"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e3a910f7da3dca4fd7f4a5916a47fc10aea7548e","claim":"Fortrea Holdings Inc. reported First quarter ended March 31, 2026 results: revenue $636.5 million, net income $15.2 million, EPS $0.16.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/0001628280-26-030101-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First quarter ended March 31, 2026"},{"label":"Revenue","value":"$636.5 million"},{"label":"Net income","value":"$15.2 million"},{"label":"EPS","value":"$0.16"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}