---
schema_version: "secwatch.filing_event.v1"
accession: "0001965040-24-000019"
form_type: "8-K"
ticker: "FTRE"
cik: "0001965040"
company_name: "Fortrea Holdings Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:50:47.730286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fortrea reports Q1 revenue $662.1M, net loss $81.6M; FY revenue guidance $2.785-2.855B

## Summary
- Q1 revenue $662.1M vs $693.9M YoY; GAAP net loss $81.6M vs net income $7.3M YoY.
- Adjusted EBITDA $29.5M vs $41.7M YoY; GAAP diluted EPS $(0.91), adjusted $(0.04).
- Book-to-bill 1.11x; backlog $7.4B; free cash flow $(34.9)M.
- Planned divestiture of Endpoint Clinical and Patient Access to Arsenal Capital on track for Q2 close.
- FY 2024 guidance: revenue $2,785-2,855M, adjusted EBITDA $240-260M.

## SEC filing metadata
- accession: 0001965040-24-000019
- form_type: 8-K
- ticker: FTRE
- cik: 0001965040
- company_name: Fortrea Holdings Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965040/000196504024000019/0001965040-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965040/000196504024000019/ftre-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001965040-24-000019
- JSON: https://secwatch.observer/filing/0001965040-24-000019.json
- Plain text: https://secwatch.observer/filing/0001965040-24-000019.txt

## Key facts
- Earnings Releases
  Fortrea Holdings Inc. reported first quarter ended March 31, 2024 results: revenue $662.1 million, net income GAAP net loss of $81.6 million, EPS $(0.91).
  - Period: first quarter ended March 31, 2024
  - Revenue: $662.1 million
  - Net income: GAAP net loss of $81.6 million
  - EPS: $(0.91)
  - Result: reported results
  source text: Fortrea Reports First Quarter 2024 Results For the three months ended March 31, 2024, from continuing operations: • Revenues of $662.1 million • GAAP net loss of $81.6 million • Adjusted EBITDA of $29.5 million • GAAP and adjusted diluted loss per share of $(0.91) and $(0.04), respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965040/000196504024000019/0001965040-24-000019-index.htm

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