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First Advantage Corporation (NASDAQ: FA) is a premier global provider of employment background screening and verification solutions. With headquarters in Atlanta, Georgia, the company operates in over 200 countries and territories, leveraging advanced technology and a robust global infrastructure. The company's core mission is to help employers and housing providers make informed decisions, reduce risks, and ensure compliance.
The company operates through two main segments: Americas, which caters to the United States, Canada, and Latin America, and International, covering markets outside of the Americas. First Advantage offers a diverse suite of services that include background checks, employment verifications, identity checks, and compliance services. These solutions are critical for customers in industries such as healthcare, retail, e-commerce, transportation, manufacturing, and financial services.
First Advantage's technology solutions are designed to streamline the hiring process, making it faster and more reliable. Their innovative tools include RightID for identity fraud detection, which utilizes liveness detection and document validation to combat the growing issue of applicant fraud. The company's comprehensive approach ensures employers can maintain safety and trust while reducing onboarding costs.
In recent developments, First Advantage announced the acquisition of Sterling Check Corp., a move that is expected to enhance its service portfolio and client base. The transaction, valued at approximately $2.2 billion, will enable First Advantage to offer more innovative solutions and expand its market reach. This acquisition underscores the company's commitment to growth and innovation, positioning it for long-term success.
Financially, First Advantage has shown robust performance, highlighted by strategic investments and share repurchase programs. The company continues to demonstrate strong margins, healthy cash flow, and a balanced capital allocation strategy. Recent achievements include the completion of the third-quarter 2023 earnings call, where the company reported significant progress and future plans.
For detailed information on First Advantage's products, services, and latest news, visit their website. Stay updated with their latest developments and financial performance on the Investor Relations page.
First Advantage (NASDAQ: FA) reported Q2 2024 results, reaffirming full-year 2024 guidance. Key highlights:
- Revenues: $184.5 million
- Net Income: $1.9 million (1.0% margin)
- Adjusted EBITDA: $55.8 million (30.2% margin)
- Adjusted Diluted EPS: $0.21
The company announced CFO David Gamsey's retirement, to be succeeded by Steven Marks. The Sterling acquisition is progressing, expected to close in Q4 2024. First Advantage reaffirmed its standalone 2024 guidance: Revenues of $750-800 million, Adjusted EBITDA of $228-248 million, and Adjusted Diluted EPS of $0.88-0.98.
First Advantage (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, has announced the release of its second quarter 2024 financial results on Thursday, August 8, 2024. The company will hold an earnings conference call at 8:30 a.m. ET on the same day.
Investors can participate in the conference call by dialing 800-343-4136 (domestic) or 203-518-9843 (international) approximately ten minutes before the start time. The call will also be webcast live on the company's investor relations website. A replay of the webcast will be available after the conference call.
First Advantage (NASDAQ: FA), a key player in employment background screening and verification solutions, will be participating in notable investor conferences in June 2024. The company's management will host meetings and present at the Stifel 2024 Cross Sector Insight Conference on June 4 in Boston, Massachusetts, at 9:45 AM ET, and the William Blair 44th Annual Growth Stock Conference on June 6 in Chicago, Illinois, at 12:20 PM ET. Live webcasts of these events will be accessible via the First Advantage investor relations website, where replays will also be available for a period post-event.
First Advantage (NASDAQ: FA) reported first-quarter 2024 results with revenues of $169.4 million and a net loss of $(2.9) million. The company reaffirmed its full-year 2024 guidance, with key financials showing positive trends in adjusted net income and adjusted EBITDA. The acquisition of Sterling continues to progress towards closing, enhancing the company's offerings. First Advantage maintains a strong financial position with cash flows from operations of $38.3 million and a focus on long-term value creation for customers and shareholders.
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