secwatch.observer — SEC 8-K summary
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Issuer:     Fortrea Holdings Inc. (FTRE)
CIK:        0001965040
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001628280-26-030101
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/0001628280-26-030101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1965040/000162828026030101/ftre-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-030101

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