secwatch.observer — SEC 8-K summary
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Issuer:     Fortrea Holdings Inc. (FTRE)
CIK:        0001965040
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001965040-24-000060
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortrea Q3 revenue $674.9M, GAAP loss $(0.21)/share; FY rev guidance lowered to $2.7B-$2.725B
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- Q3 2024 revenue $674.9M, down from $713.8M YoY; GAAP net loss $(18.5)M vs $(16.1)M YoY.
- Adjusted EBITDA $64.2M, down from $68.2M YoY but up 16.3% sequentially.
- GAAP diluted EPS $(0.21); adjusted diluted EPS $0.23.
- Book-to-bill ratio 1.23x for Q3; backlog increased to $7.57B.
- FY 2024 revenue guidance updated to $2.70B-$2.725B; adjusted EBITDA guidance unchanged at $220M-$240M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1965040/000196504024000060/0001965040-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1965040/000196504024000060/ftre-20241108.htm
  HTML page:      https://secwatch.observer/filing/0001965040-24-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer