First Advantage Corp - FA STOCK NEWS

First Advantage Corporation (NASDAQ: FA) reported a strong third quarter 2021 with revenues of $192.9 million, up 41.0% from the previous year. The company achieved a net income of $16.3 million, a significant turnaround from a net loss of $3.5 million. Adjusted EBITDA rose to $63.9 million, reflecting a 47.7% increase. Full-year guidance for revenues was raised to $680-$686 million.

Additionally, two acquisitions were announced, enhancing First Advantage's market position.

First Advantage Corporation (NASDAQ: FA) announced its acquisition of Corporate Screening Services and MultiLatin Advisors, enhancing its healthcare and higher education solutions. This transaction aims to augment vertical expertise, product innovation, and international expansion, especially in Latin America. The all-cash deals are expected to close in Q4 2021. Scott Staples, CEO of First Advantage, emphasized the strategic importance of these acquisitions, which will strengthen the company’s offerings and customer base, leveraging the experienced leadership teams from both organizations.

First Advantage Corporation (NASDAQ: FA) announced its upcoming participation in two virtual investor events. The company will present at the RBC Capital Markets Global Technology Conference on November 16, 2021, at 11:20 am ET, and at the J.P. Morgan Ultimate Services Investor Conference on November 18, 2021, at 1:50 pm ET. Live webcasts and recordings of these presentations will be accessible via their investor relations website. First Advantage focuses on technology solutions for screening, verifications, safety, and compliance, serving over 30,000 clients worldwide.

First Advantage (NASDAQ: FA) will announce its Q3 2021 financial results on November 8, 2021, prior to a conference call scheduled for 8:30 a.m. ET. This call will be accessible via phone and webcast, with details provided for both domestic and international participants. First Advantage is a leader in technology solutions for screening and compliance, serving over 30,000 customers globally across more than 200 countries. The company aims to help clients manage risks and enhance their hiring processes through its innovative technology.

First Advantage Corporation (NASDAQ: FA) announced key leadership changes with Douglas Nairne appointed as Chief Operations Officer – International and Victor Sachs as Senior Vice President, Customer Care – Americas. Nairne brings over 20 years of experience in background screening and verifications, previously serving as CEO of Dataflow Group. Sachs has extensive experience in customer experience technology, with a background in notable technology firms like Salesforce and Dell. These appointments aim to enhance customer experience and support the company's growth globally.

First Advantage (NASDAQ: FA) will host a webinar titled “Federal and State ACA Regulations Simplified” on October 19, 2021, at 1:00 p.m. ET. The session, led by Tax Director Rebekah Braselton-Denmark and Director of Government Relations Jess LeDonne, aims to clarify the evolving Affordable Care Act (ACA) stipulations and state-level requirements. Participants will gain insights on key details, deadlines, and best practices for navigating the complexities of ACA regulations under the current administration.

First Advantage Corporation (NASDAQ: FA) announced management participation in two upcoming virtual investor events. The events include the Barclays’ Global Financial Services Conference on September 14, 2021, at 3:30 p.m. ET, and Citi’s 2021 Global Technology Virtual Conference on September 15, 2021. Live webcasts will be available for supported presentations, and replays can be accessed later on the company’s investor relations website. First Advantage is a global provider of technology solutions for screening and compliance, serving over 30,000 customers across more than 200 countries.

First Advantage (NASDAQ: FA) will co-present at the 2021 Marketplace Risk Management Conference on September 14-15, 2021. The sessions include "Creating a Culture of Safety in a Gig Economy" featuring Lyft's approach to continuous criminal monitoring, and a discussion on current trends and regulatory issues in background checks. The event will take place at Bespoke Events in San Francisco. First Advantage specializes in technology solutions for screening and compliance, helping organizations manage risk and enhance safety in the workplace.

First Advantage (NASDAQ: FA) will host two webinars focusing on drug screening amid increased opioid abuse during the pandemic. The first session, titled “In the Weeds on Today’s Drug Testing Landscape,” is scheduled for August 31, 2021, featuring insights from industry experts. The second session, “The New Future of Drug Screening,” will occur on September 23, 2021, showcasing advancements in virtual drug screening technology. Both webinars aim to assist employers in navigating drug testing challenges and are eligible for continuing education credits from SHRM and HRCI.