First Advantage Corp Stock Price, News & Analysis

First Advantage (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, has announced the release of its third quarter 2024 financial results on Tuesday, November 12, 2024. The company will hold an earnings conference call at 8:30 a.m. ET on the same day.

To participate in the conference call, investors can dial 800-445-7795 (domestic) or 785-424-1699 (international) approximately ten minutes before the start time. The call will also be webcast live on the company's investor relations website at https://investors.fadv.com. Related presentation materials will be posted prior to the call, and a replay of the webcast will be available on the website after the conference.

First Advantage (NASDAQ:FA) and Sterling Check Corp. (NASDAQ:STER) have announced the election deadline for Sterling stockholders to choose their preferred merger consideration in First Advantage's acquisition of Sterling. The deadline is set for 5:00 p.m. Eastern Time on October 24, 2024. Stockholders can elect to receive either $16.73 in cash or 0.979 shares of First Advantage common stock per Sterling share. The merger consideration is subject to proration, with 72% of Sterling shares converting to cash and 28% to stock. The transaction is expected to close on October 31, 2024, pending regulatory approvals and other conditions. Election materials were sent to stockholders beginning September 5, 2024. Stockholders holding shares through banks or brokers may have earlier deadlines and should review materials carefully.

First Advantage (NASDAQ:FA) has released its 2023 Sustainability Report, highlighting the company's commitment to environmental, community, and governance initiatives. The report focuses on four key areas: people and community, environment and climate, governance and accountability, and policy and process.

Key highlights include:

• Implementation of TCFD framework recommendations
• Advancement of employee engagement and inclusion strategies
• Expansion of the SOAR program for leadership development
• Promotion of community involvement through partnerships and volunteer programs
• Enhancement of supply chain responsibility and governance
• Strengthening of data privacy and cybersecurity efforts
• Creation of a Corporate Responsibility and Sustainability Policy

CEO Scott Staples emphasized the company's commitment to sustainability and responsible business practices. The report aligns with SASB standards and the TCFD framework, demonstrating First Advantage's dedication to transparency and progress in sustainability efforts.

First Advantage (NASDAQ: FA) has announced the promotion of Joelle Smith to President, effective Sept. 16, 2024. Previously serving as President of Data, Technology, and Experience, Smith will now lead the company's go-to-market teams alongside her existing responsibilities. This strategic move aims to enhance speed-to-market, growth, and market differentiation, particularly in AI and digital offerings for background screening, identity, and verification solutions.

Smith, who joined First Advantage in 2017, has been instrumental in the company's growth, contributing to its successful IPO in 2021 and launching new revenue-generating products. Her promotion aligns with First Advantage's focus on product and technology innovation to address evolving customer needs in the background screening industry.

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.