{"schema_version":"secwatch.filing_event.v1","accession":"0001965040-23-000035","form_type":"8-K/A","ticker":"FTRE","cik":"0001965040","company_name":"Fortrea Holdings Inc.","filed_at":"2023-08-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.135343+00:00","generated_at":"2026-06-11T04:24:10.210892+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Fortrea corrects trailing 12-month Adjusted EBITDA to $344.5M from $378.9M due to tax provision error","bullets":["Administrative error in Original Earnings Release: 'Provision for income taxes' line item was $70.6M (should be $36.2M).","Corrected Trailing 12 Adjusted EBITDA is $344.5M, down from originally reported $378.9M (overstated by $34.4M).","No other changes to Q2 2023 results: revenue $793M, GAAP net income $28.3M, EPS $0.32, adjusted EBITDA $72.5M.","Full-year 2023 guidance unchanged: revenue $3,034M–$3,096M, adjusted EBITDA $255M–$285M."],"urls":{"canonical":"https://secwatch.observer/filing/0001965040-23-000035","json":"https://secwatch.observer/filing/0001965040-23-000035.json","markdown":"https://secwatch.observer/filing/0001965040-23-000035.md","text":"https://secwatch.observer/filing/0001965040-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1965040/000196504023000035/0001965040-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1965040/000196504023000035/ftre-20230814.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:24:10.210892+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":"bc8c497d02cb4fc413600cfeb7c51c94b3cdf7fb","claim":"Fortrea Holdings Inc. reported second quarter ended June 30, 2023 results: revenue $793.0 million, net income $28.3 million, EPS $0.32. Guidance reaffirmed.","evidence_excerpt":"Fortrea Reports Second-Quarter 2023 Results and Provides Full-Year 2023 Guidance • For the three months ended June 30, 2023: • Revenues of $793.0 million • GAAP net income of $28.3 million • Adjusted EBITDA of $72.5 million • GAAP and adjusted earnings per share of $0.32 and $0.52, respectively • Provides full-year financial outlook","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1965040/000196504023000035/0001965040-23-000035-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$793.0 million"},{"label":"Net income","value":"$28.3 million"},{"label":"EPS","value":"$0.32"},{"label":"Guidance","value":"reaffirmed"},{"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"}