---
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"
generated_at: "2026-05-14T23:35:09.875202+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fortrea Q1 revenue $636.5M; adjusted EPS $0.16 beats prior year; book-to-bill 1.15x

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-030101
- JSON: https://secwatch.observer/filing/0001628280-26-030101.json
- Plain text: https://secwatch.observer/filing/0001628280-26-030101.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/0001628280-26-030101-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/0001628280-26-030101-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/0001628280-26-030101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.