Fortrea Reports Third Quarter 2026 Results
Fortrea reported Q3 2026 revenue of $691.5 million, down from $701.3 million a year earlier, but swung to GAAP net income of $0.6 million ($0.01 diluted EPS) from a $(15.9) million loss. Profitability improved sharply on an adjusted basis: adjusted EPS of $0.28 vs $0.12 last year and adjusted EBITDA of $58.0 million vs $50.7 million, with a 1.12x book-to-bill. The company raised and narrowed full-year 2026 guidance to revenue of $2,665M-$2,690M and adjusted EBITDA of $210M-$218M, citing stronger commercial execution.
Key figures
- Eps
- 0.01
- Revenue
- 691.5
- Guidance
- FY2026 revenue $2,665M-$2,690M and adjusted EBITDA $210M-$218M, midpoints raised and ranges narrowed
- Revenue Yoy
- -1.4%
- Backlog
- 7316000000
- Adjusted eps
- 0.28
- Book to bill
- 1.12x
- Free cash flow
- 52500000
- Adjusted ebitda
- 58000000
- Backlog reduction
- 558000000
- Adjusted net income
- 27900000
- Operating cash flow
- 60800000
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.