{"schema_version":"secwatch.filing_event.v1","accession":"0001965040-25-000008","form_type":"8-K","ticker":"FTRE","cik":"0001965040","company_name":"Fortrea Holdings Inc.","filed_at":"2025-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.670460+00:00","generated_at":"2026-05-25T21:35:35.227844+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Fortrea reports Q4 revenue $697M, full-year net loss $271.5M; issues 2025 guidance below 2024","bullets":["Q4 2024 revenue $697.0M (-1.8% YoY); GAAP net loss $(73.9)M, diluted EPS $(0.82) vs loss $(48.6)M in Q4 2023.","Full-year 2024 revenue $2,696.4M (-5.1% vs 2023); GAAP net loss $(271.5)M vs $(31.7)M; adjusted EBITDA $202.5M vs $245.8M.","Q4 book-to-bill 1.35x; backlog $7,699M; cash $118.5M, gross debt $1,142.0M.","Entered covenant amendment on Feb 28, 2025 for flexibility through Q4 2026.","FY2025 guidance: revenue $2,450M-$2,550M, adjusted EBITDA $170M-$200M (down YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0001965040-25-000008","json":"https://secwatch.observer/filing/0001965040-25-000008.json","markdown":"https://secwatch.observer/filing/0001965040-25-000008.md","text":"https://secwatch.observer/filing/0001965040-25-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1965040/000196504025000008/0001965040-25-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1965040/000196504025000008/ftre-20250303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T21:35:35.227844+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}