---
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"
generated_at: "2026-06-11T04:24:10.210892+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fortrea corrects trailing 12-month Adjusted EBITDA to $344.5M from $378.9M due to tax provision error

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001965040-23-000035
- JSON: https://secwatch.observer/filing/0001965040-23-000035.json
- Plain text: https://secwatch.observer/filing/0001965040-23-000035.txt

## Key facts
- Earnings Releases
  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.
  - Period: second quarter ended June 30, 2023
  - Revenue: $793.0 million
  - Net income: $28.3 million
  - EPS: $0.32
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1965040/000196504023000035/0001965040-23-000035-index.htm

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