Inferra AI / Company / FTRE
Fortrea Holdings Inc.
FTRE · Health Care
Last earnings Oct 29, 2026
Key results
Revenuequarter
$691.5 million
Revenues of $691.5 million Book-to-bill ratio of 1.12x, resulting in 1.12x book-to-bill for the trailing 12 months
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
GAAP net incomequarter
$0.6 million
GAAP net income of $0.6 million, or $0.01 per diluted share Adjusted EBITDA of $58.0 million
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Adjusted net incomequarter
$27.9 million
Adjusted net income of $27.9 million, or $0.28 per diluted share Cash provided by op erations of $60.8 million and
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Third Quarter 2026 Financial Results Revenue for the third quarter was $691.5 million, compared to $701.3 million in the third quarter of 2025.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Third quarter GAAP net income was $0.6 million and diluted income per share was $0.01, compared to third quarter of 2025 GAAP net loss of $(15.9) million and diluted loss per share of $(0.17).
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Adjusted EPSquarter
$0.28
Third quarter adjusted net income was $27.9 million and adjusted diluted EPS was $0.28, compared to third quarter of 2025 adjusted net income of $11.7 million and adjusted diluted EPS of $0.12.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Year-to-date revenueytd
$2,006.2 million
Year-to-Date 2026 Financial Results Year-to-date revenue was $2,006.2 million, compared to $2,062.9 million in the same period of 2025.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Year-to-date adjusted net incomeytd
$65.8 million
Year-to-date adjusted net income was $65.8 million and adjusted diluted EPS was $0.66, compared to adjusted net income of $31.2 million and adjusted diluted EPS of $0.34 for the same period of 2025.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
AI analysis
Q3 2026 · reported Oct 29, 2026
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q3 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $691.5 million | $678.2 million | — |
| GAAP net income | $0.6 million | $22.7 million | — |
| Adjusted net income | $27.9 million | $22.7 million | — |
| Adjusted EPS | $0.28 | $0.23 | — |
Guidance · company-stated
Direction: Raised
“5 million Raised midpoints of full-year revenue and adjusted EBITDA guidance and narrowed ranges DURHAM, N.”
“Our continued execution against our priorities gives us confidence to raise the midpoints of full-year guidance while narrowing ranges.”
“2026 Financial Guidance The Company updated its full-year 2026 guidance, narrowing the revenue and adjusted EBITDA ranges and raising both midpoints.”
Classified from the release's primary full-year outlook statement.
Event summary
Third Quarter 2026 Financial Results Revenue for the third quarter was $691.5 million, compared to $701.3 million in the third quarter of 2025
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Raised
Revenue — Raised (“Raised”)
“5 million Raised midpoints of full-year revenue and adjusted EBITDA guidance and narrowed ranges DURHAM, N.”
Company outlook — Raised (“raise”)
“Our continued execution against our priorities gives us confidence to raise the midpoints of full-year guidance while narrowing ranges.”
Revenue — Raised (“raising”)
“2026 Financial Guidance The Company updated its full-year 2026 guidance, narrowing the revenue and adjusted EBITDA ranges and raising both midpoints.”
Classified from the release's primary full-year outlook statement.
Strategy & priorities
Fortrea delivered another quarter of progress on our return-to-growth strategy, reflecting stronger commercial execution, continued operational improvements and financial discipline, said Anshul Thakral, CEO of Fortrea.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Our continued execution against our priorities gives us confidence to raise the midpoints of full-year guidance while narrowing ranges.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
We remain focused on translating stronger demand into revenue growth, margin expansion and long-term shareholder value.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
The Company uses non-GAAP measures in its operational and financial decision making and believes that it is useful to exclude certain items in order to focus on what it regards to be a more meaningful indicator of the underlying operating performance of the business.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Internal management reports feature non-GAAP measures which are also used to prepare strategic plans and annual budgets and review management compensation.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Risks & headwinds
(f) Includes adjustments to estimated contingent consideration on a sale of a facility, income related to services provided under transition services agreements, certain legal expenses related to specifically identified litigation matters, including the shareholder litigation and the CFO transition-related litigation, settlements related to litigation initiated prior to the spinoff of the Company as a standalone company, and non-recurring business advisory consulting services.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Forward-looking statements, including the Company s 2026 financial guidance, are not guarantees of future performance and are subject to known and unknown risks and uncertainties, many of which are beyond the Company s control.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
What changed vs prior quarter
Guidance direction — prior quarter: Raised; this quarter: Raised
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Revenue — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Adjusted net income — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Fortrea Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q3 2026
- 8-KFTRE
Oct 29, 2026
- Q2 2026
- 8-KFTRE
Sep 30, 2026
- 8-KFTRE
Sep 10, 2026
- 8-KFTRE
Jul 29, 2026
- 10-QFTRE
Jul 29, 2026
- 8-KFTRE
Jul 14, 2026
- Q1 2026
- 8-KFTRE
Jun 26, 2026
- 8-KFTRE
Jun 12, 2026
- 8-KFTRE
May 5, 2026
- 10-QFTRE
- Q4 2025
- 8-KFTRE
Feb 26, 2026
- 10-KFTRE
Feb 26, 2026
- Q3 2025
- 8-KFTRE
Nov 20, 2025
- 8-KFTRE
Nov 5, 2025
- 10-QFTRE
- Q2 2025
- 8-KFTRE
Sep 22, 2025
- 8-KFTRE
Aug 27, 2025
- 8-KFTRE
Aug 6, 2025
- 10-QFTRE
- Q1 2025
- 8-KFTRE
Jun 12, 2025
- 8-KFTRE
Jun 12, 2025
- 8-KFTRE
Jun 11, 2025
- 8-K/AFTRE
May 15, 2025
- 8-KFTRE
May 12, 2025
- 8-KFTRE
May 12, 2025
- 10-QFTRE
May 12, 2025
- Q4 2024
- 8-KFTRE
Mar 10, 2025
- 8-KFTRE
Mar 3, 2025
- 10-KFTRE
Mar 3, 2025
- 8-KFTRE
Feb 21, 2025
- Q3 2024
- 10-QFTRE
Earnings releases
9 documentsPresentations
0 documentsNo presentations for Fortrea Holdings Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Fortrea Holdings Inc. are held in this edition of the library.
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