Fortrea Holdings Inc. (FTRE) Form 8-K — Oct 29, 2026
Fortrea reported Q3 2026 revenue of $691.5 million, down slightly from $701.3 million a year ago, but swung to GAAP net income of $0.6 million ($0.01 diluted EPS) from a $15.9 million loss in Q3 2025. Adjusted results were strong: adjusted net income more than doubled to $27.9 million ($0.28 diluted EPS vs $0.12), adjusted EBITDA rose to $58.0 million from $50.7 million, and book-to-bill held at 1.12x.
Key figures
- Eps
- 0.01
- Revenue
- 691500000
- Guidance
- FY2026 revenues of $2,665M-$2,690M and adjusted EBITDA of $210M-$218M; midpoints raised and ranges narrowed
- Revenue Yoy
- -1.4% (vs $701.3M Q3 2025)
- Cash Position
- 220600000
- Backlog
- $7,316M after $558M reduction
- Book to bill
- 1.12x
- Adjusted eps q3
- $0.28 (vs $0.12 prior year)
- Free cash flow q3
- $52.5M
- Adjusted ebitda q3
- $58.0M (vs $50.7M prior year)
- Operating cash flow q3
- $60.8M
AI analysis
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