Welcome to our dedicated page for First Advantage news (Ticker: FA), a resource for investors and traders seeking the latest updates and insights on First Advantage stock.
First Advantage Corporation (NASDAQ: FA) is a provider of global software and data in the HR technology industry, with a focus on employment background screening, digital identity solutions, and verification services. This news page aggregates company announcements, earnings releases, and other corporate updates that relate to FA stock and its operations.
Investors and analysts following First Advantage can use this feed to review quarterly financial results, including GAAP and non-GAAP metrics such as Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted Earnings Per Share, and Adjusted Operating Cash Flow. The company regularly issues press releases in connection with its quarterly results and files related current reports on Form 8-K with the SEC.
In addition to earnings news, First Advantage publishes updates about strategic developments such as the integration of its acquisition of Sterling Check Corp., progress on synergy realization, and its internal FA 5.0 strategy focused on product, technology, and go-to-market execution. Management commentary often discusses performance across verticals and geographies, international revenue trends, and the role of proprietary technology and AI in its HR solutions.
News items also include announcements about participation in investor conferences, Investor Day events, and changes to credit facilities, such as amendments that adjust interest rates on term loans and revolving credit lines. By reviewing this page, readers can track how First Advantage communicates its strategic vision, financial outlook, risk factors, and capital structure decisions over time, all of which are relevant for understanding developments affecting FA stock.
First Advantage (NASDAQ: FA) reported its Q4 and full year 2024 results, highlighted by the completion of its Sterling acquisition. For FY2024, the company recorded revenues of $860.2 million, with a net loss of $(110.3) million, including $130.5 million in Sterling acquisition-related expenses. Adjusted EBITDA reached $249.3 million with a 29.0% margin.
Q4 2024 showed revenues of $307.1 million, with a net loss of $(100.4) million. The company has increased its run rate synergy target range from $50-70 million to $60-70 million, having already actioned $20 million in cost synergies.
Looking ahead, First Advantage issued FY2025 guidance projecting revenues of $1.5-1.6 billion, Adjusted EBITDA of $410-450 million, and Adjusted Diluted EPS of $0.86-1.03.
First Advantage (NASDAQ: FA), a leading global provider of employment background screening, identity, and verification solutions, has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 27, 2025, before market open.
The company will host an earnings conference call at 8:30 a.m. ET on the same day. Investors can participate by dialing 800-445-7795 (domestic) or 785-424-1699 (international) using the conference code FA4Q24. The call will also be webcast live on the company's investor relations website, where related presentation materials will be available before the conference call.
First Advantage (NASDAQ: FA) announced that innovation expert Jeremy Gutsche will keynote its invite-only Collaborate customer conference. Gutsche, a New York Times bestselling author and CEO of Trend Hunter, will present 'AI Innovation, Change and the Super Future' at the event.
The conference will take place April 15-17, 2025 at the Fontainebleau Resort in Miami Beach, Florida. Gutsche's session will explore how the current AI era will impact talent acquisition and discuss ways that AI will transform work, helping businesses prepare and stay ahead.
The event is sponsored by Employ, Fama, Ferretly, Premier Biotech, SambaSafety, Seyfarth and TransUnion.
First Advantage (NASDAQ: FA) reported Q3 2024 results with revenues of $199.1 million, down 0.6% year-over-year. The company posted a net loss of $(8.9) million, including $13.2 million of expenses related to the Sterling acquisition. Adjusted EBITDA was $64.0 million with a 32.2% margin. The company completed the Sterling acquisition on October 31, 2024.
First Advantage maintains its standalone 2024 guidance with revenues of $750-800 million and Adjusted EBITDA of $228-248 million. The combined company guidance including Sterling for November-December 2024 projects revenues of $858-918 million and Adjusted EBITDA of $250-274 million. The company has already actioned over $10 million in run-rate cost synergies.
First Advantage (NASDAQ: FA) has announced its management team's participation in two upcoming investor conferences in November 2024. The company will attend the J.P. Morgan Ultimate Services Investor Conference on November 14 in New York City, with a webcast at 8:50am ET, and the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 19, also in New York City, with a webcast at 1:20pm ET. Live webcasts will be accessible through First Advantage's investor relations website, with replays available for a time after the events.
First Advantage (NASDAQ:FA) has completed its $2.2 billion acquisition of Sterling Check Corp., creating a combined entity with pro forma revenue of approximately $1.5 billion. The transaction is expected to deliver $50-70 million in run-rate synergies and immediate double-digit EPS accretion. The merger strengthens First Advantage's global reach and enhances its background screening, identity, and verification technology solutions across various industries. The combined company will focus on AI-driven automation and digital identification technologies while diversifying revenue across customer segments, industries, and geographies.
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.