Short answer
Fortrea Holdings Inc. (FTRE) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 fiscal 2026 results for quarter ended March 31, 2026.
Fortrea Holdings Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 fiscal 2026 results for quarter ended March 31, 2026
- Results announced May 5, 2026 through furnished Exhibit 99.1 press release
- Exhibit 99.1 contains the substantive financial metrics and management commentary
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $636.5M, down from $651.3M, while adjusted EBITDA rose to $47.0M from $30.3M
- Book-to-bill 1.15x for the quarter, third consecutive quarter above 1.1x, supporting demand visibility
- Adjusted EPS $0.16 versus $0.02; GAAP loss narrowed to $23.6M from $562.9M after prior-year $488.8M impairment
- Backlog $7,846M and full-year guidance reaffirmed: revenue $2,550M-$2,650M, adjusted EBITDA $190M-$220M
- Liquidity weakened: cash $147.5M and free cash flow $(25.0)M, with long-term debt $1,042.6M
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