Fortrea Holdings Inc. (FTRE) Form 8-K — Jul 29, 2026
Fortrea reported second quarter revenue of $678.2 million and adjusted net income of $22.7 million, with adjusted diluted EPS rising to $0.23 from $0.19 in the prior year. Citing solid execution and a book-to-bill ratio of 1.06x, the company raised its full-year 2026 guidance to range between $2.62 billion and $2.69 billion in revenue and $205 million to $220 million in adjusted EBITDA. However, the company disclosed a significant leadership disruption, placing CFO Jason Knoblauch on paid leave effective July 25, 2026. This action follows a temporary restraining order issued by the Delaware Court of Chancery, which prevents Mr.
Key figures
- Revenue
- 678.2
- Guidance
- Revenue of $2,620 million to $2,690 million and adjusted EBITDA of $205 million to $220 million
- Free Cash Flow
- 19.9
- Adjusted Ebitda
- 58.7
- Backlog
- 7800
- Book To Bill
- 1.06x
- Adjusted Eps
- 0.23
- Interim Cfo Rsu Cap
- 900000
- Interim Cfo Salary
- 60000
- Adjusted Net Income
- 22.7
- Interim Cfo Rsu Grant
- 300000
Price after filing
Close on the filing date to close N calendar days later (from $19.20). Historical, not a forecast.
AI analysis
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