Fortrea Reports First Quarter 2026 Results
Fortrea reported Q1 2026 revenue of $636.5 million, down 2.3% year-over-year, but delivered strong operational improvement with adjusted EBITDA jumping 55% to $47.0 million and adjusted net income of $15.2 million ($0.16 EPS). The company posted a book-to-bill ratio of 1.15x for the third consecutive quarter above 1.1x, bringing trailing 12-month book-to-bill to 1.05x and backlog to $7.85 billion.
Key figures
- Revenue
- 636500000
- Guidance
- FY2026 revenue $2,550M-$2,650M, adjusted EBITDA $190M-$220M (affirmed)
- Adjusted eps
- 0.16
- Book to bill q1
- 1.15x
- Backlog millions
- 7846
- Book to bill ttm
- 1.05x
- Adjusted ebitda millions
- 47
- Adjusted net income millions
- 15.2
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