{"schema_version":"secwatch.filing_event.v1","accession":"0001965040-25-000048","form_type":"8-K","ticker":"FTRE","cik":"0001965040","company_name":"Fortrea Holdings Inc.","filed_at":"2025-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.714802+00:00","generated_at":"2026-05-17T20:01:32.645972+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 Q2 GAAP loss $374.9M on $309.1M goodwill impairment; raises 2025 revenue guidance","bullets":["Revenue $710.3M, +7% YoY; GAAP net loss $374.9M ($4.14 diluted loss) includes $309.1M non-cash goodwill impairment.","Adjusted net income $17.6M ($0.19 adjusted diluted EPS) vs adjusted net loss $2.3M in Q2 2024.","Book-to-bill 0.79x for quarter, backlog $7,547M; trailing 12-month book-to-bill 1.10x.","Raising FY2025 revenue guidance to $2,600-2,700M; affirming adjusted EBITDA guidance $170-200M.","New CEO Anshul Thakral joined Aug 4, succeeding interim CEO Peter Neupert who remains chairman."],"urls":{"canonical":"https://secwatch.observer/filing/0001965040-25-000048","json":"https://secwatch.observer/filing/0001965040-25-000048.json","markdown":"https://secwatch.observer/filing/0001965040-25-000048.md","text":"https://secwatch.observer/filing/0001965040-25-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1965040/000196504025000048/0001965040-25-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1965040/000196504025000048/ftre-20250806.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T20:01:32.645972+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"}