---
schema_version: "secwatch.filing_event.v1"
accession: "0001965040-24-000002"
form_type: "8-K"
ticker: "FTRE"
cik: "0001965040"
company_name: "Fortrea Holdings Inc."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:39:39.525715+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Fortrea reports Q4 book-to-bill >1.2x; exits 40% of TSAs; review clears trial conduct

## Summary
- Book-to-bill ratio exceeded 1.2x for Q4 2023 and for first six months as an independent company.
- Exited approximately 40% of Transition Services Agreements with former parent by end of 2023.
- Hired a recognized AI industry expert to lead machine learning efforts.
- Independent expert review found no deficit in Fortrea's conduct on two ACELYRIN clinical trials.
- Select new business proposals and awards were affected by news surrounding the clinical trials.

## SEC filing metadata
- accession: 0001965040-24-000002
- form_type: 8-K
- ticker: FTRE
- cik: 0001965040
- company_name: Fortrea Holdings Inc.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965040/000196504024000002/0001965040-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965040/000196504024000002/ftre-20240108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001965040-24-000002
- JSON: https://secwatch.observer/filing/0001965040-24-000002.json
- Plain text: https://secwatch.observer/filing/0001965040-24-000002.txt

## Key facts
- Earnings Releases
  Fortrea Holdings Inc. reported financial results for the fourth quarter of 2023.
  - Period: the fourth quarter of 2023
  - Result: reported results
  source text: Fortrea Holdings Inc. (the “Company”) announced that it delivered a book-to-bill ratio that exceeded 1.2x for the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965040/000196504024000002/0001965040-24-000002-index.htm

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