{"schema_version":"secwatch.filing_event.v1","accession":"0001965040-25-000023","form_type":"8-K","ticker":"FTRE","cik":"0001965040","company_name":"Fortrea Holdings Inc.","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.587204+00:00","generated_at":"2026-05-22T00:42:52.121607+00:00","sec_items":["2.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Fortrea Q1 revenue $651M, GAAP loss $562.9M; CEO Pike steps down, interim CEO named","bullets":["GAAP net loss $562.9M ($6.25 diluted loss) includes $488.8M goodwill impairment.","Adjusted EPS $0.02; adjusted EBITDA $30.3M, up from $27.1M YoY.","Revenue $651.3M (down 1.6% YoY); backlog $7,721M; book-to-bill 1.02x.","Reiterates FY2025 guidance: revenue $2.45-$2.55B, adj EBITDA $170-$200M.","CEO Thomas Pike stepping down May 13; Lead Independent Director Peter Neupert named Interim CEO."],"urls":{"canonical":"https://secwatch.observer/filing/0001965040-25-000023","json":"https://secwatch.observer/filing/0001965040-25-000023.json","markdown":"https://secwatch.observer/filing/0001965040-25-000023.md","text":"https://secwatch.observer/filing/0001965040-25-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1965040/000196504025000023/0001965040-25-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1965040/000196504025000023/ftre-20250512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T00:42:52.121607+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"}