Highest-materiality recent filing
Fortrea Q1 revenue $636.5M; adjusted EPS $0.16 beats prior year; book-to-bill 1.15x
Revenue $636.5M, down 2.3% YoY from $651.3M; GAAP net loss $23.6M ($0.25 loss per share).
Fortrea Q4 rev $660.5M, adj EBITDA $54M; FY adj net income $40.4M; guides 2026 rev $2.55-2.65B
Q4 revenue $660.5M vs $697.0M YoY; GAAP net loss $(32.5)M ($(0.35)/share) vs $(73.9)M loss in Q4 2024.
Fortrea completes $75.7M tender offer for 7.500% Senior Secured Notes due 2030
Tender offer expired Nov 18, 2025; accepted $75,743,000 aggregate principal amount of notes.
Fortrea Q3 revenue $701.3M, GAAP net loss $(0.17)/share; raises FY revenue guide
Revenue $701.3M (+4% YoY); GAAP net loss $(15.9)M vs $(18.5)M loss in Q3 2024.
Fortrea appoints William Sharbaugh as Class III director effective Sept 22, 2025
William Sharbaugh appointed to Fortrea Board as Class III director, effective Sept 22, 2025.
Fortrea amends inducement plan, adds 2.2M shares for new hire awards
Board increased shares reserved under 2025 Inducement Award Plan by 2,200,000 shares.
Fortrea Q2 GAAP loss $374.9M on $309.1M goodwill impairment; raises 2025 revenue guidance
Revenue $710.3M, +7% YoY; GAAP net loss $374.9M ($4.14 diluted loss) includes $309.1M non-cash goodwill impairment.
Fortrea adopts limited-duration rights plan with 10% trigger and 50% discount
Rights trigger if any person acquires 10%+ of common stock; other holders can buy shares at 50% discount.
Fortrea shareholders approve amended incentive plan with 6.5M share increase
Shareholders at June 10 annual meeting approved A&R 2023 Omnibus Incentive Plan, adding 6.5M shares to pool.
Fortrea names Anshul Thakral as permanent CEO effective August 4, 2025
Anshul Thakral appointed President and CEO, effective August 4, 2025; replaces interim CEO Peter Neupert who remains chairman.
Mr. Thakral will replace Peter M. Neupert, who has served as Interim Chief Executive Officer since May 13, 2025, although Mr. Neupert will continue to serve as a director of the Company and Chairman of the Board.
the Board also appointed Mr. Thakral as a Class III director, effective as of the Effective Date
the Board of Directors of the Company (the “Board”) has appointed Anshul Thakral as President and Chief Executive Officer of the Company, effective upon his start date with the Company on August 4, 2025
Max materiality 0.80 · Median 0.65 · Most common event earnings