Q1 2025 Earnings Presentation May 8, 2025 FORWARD - LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, our operations and financial performance. Forward-looking statements include all statements that are not historical facts. These forward-looking statements relate to matters such as our industry, business strategy ...

Exhibit 99.1 First Advantage Reports First Quarter 2025 Results Reaffirms Full Year 2025 Guidance First Quarter 2025 Highlights 1 Reaffirming Full Year 2025 Guidance • Reaffirming full year 2025 guidance ranges, including the expected benefits of realized synergies, for Revenues of $1.5 billion to $1.6 billion, Adjusted EBITDA of $410 million to $450 million, Adjusted Net Income of $152 million to $182 million, and Adjusted Diluted Earnings Per Share of $0.86 to $1.03 2 ATLANTA, May 8, 2025 – First Advantag ...

Reaffirms Full Year 2025 GuidanceFirst Quarter 2025 Highlights1 Revenues of $354.6 millionNet Loss of $(41.2) million, a net loss margin of (11.6)%, includes $15.3 million of expenses related to the acquisition of Sterling Check Corp. (“Sterling”) and related integration, and $41.2 million of Sterling depreciation and amortizationAdjusted Net Income of $30.5 millionAdjusted EBITDA of $92.1 million; Adjusted EBITDA Margin of 26.0%GAAP Diluted Net Loss Per Share of $(0.24), includes $0.07 per share of expense ...

TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- Fountain Asset Corp. (TSXV:FA) (“Fountain” or the “Company”) would like to announce its financial results for the three months ended December 31, 2024 (“Q4/24”) and for the year ended December 31, 2024 (“Fiscal 2024”). Highlights from Q4/24: Net asset value (“NAV”) of $5.51 million ($0.09 per share) at December 31, 2024 compared to $5.03 million ($0.08 per share) at September 30, 2024, representing an 12.5% increase quarter over quarter on a per share basis. NAV i ...

ATLANTA, April 22, 2025 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of global software and data in the HR technology industry, today released its 2025 Global Trends Report. Meticulously crafted from hundreds of customer survey responses, and analysis of hundreds of millions of anonymized data points, the latest edition of the proprietary research offers a global perspective and unparalleled insight into the evolving landscape of background screening.   As one of the large ...

ATLANTA, April 17, 2025 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of global software and data in the HR technology industry, will issue its first quarter 2025 financial results on Thursday, May 8, 2025 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-267-6316 (domestic) or 203-518-9783 (international) approximately ten minutes before the 8:3 ...

ATLANTA, April 02, 2025 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of global software and data in the HR technology industry, today announced it will host its inaugural Investor Day in New York City and webcast live on Wednesday, May 28, 2025, with presentations beginning at 9:00 a.m. ET. The event is expected to conclude at approximately 12:00 p.m. ET. Scott Staples, Chief Executive Officer, will be joined by other members of the executive management team to present a d ...

Company Overview - First Advantage Corporation (NASDAQ:FA) is a leading global provider of employment background screening, identity, and verification solutions [3] - The company is headquartered in Atlanta, Georgia, and operates in over 200 countries and territories, serving approximately 80,000 customers [3] Upcoming Events - Company management will participate in a fireside chat at the Wolfe Research FinTech Forum in New York City on March 11, 2025, at 8:00 am ET [1] - Private meetings with investors will also be hosted throughout the day [1] Investor Relations - A live webcast of the event will be available on the First Advantage investor relations website, with subsequent replays posted for a limited time [2] - Investor contact information is provided for further inquiries [4]

Financial Data and Key Metrics Changes - For Q4 2024, pro forma revenues were $375 million, up 0.9% year-over-year, while full-year pro forma revenues reached approximately $1.5 billion, up about 2% year-over-year [36][42]. - Pro forma adjusted EBITDA for Q4 was $100 million, with a margin of 26.7%, down approximately 300 basis points from the prior year [40]. - Full-year adjusted net income was $124 million, with adjusted diluted EPS of $0.82 [46]. Business Line Data and Key Metrics Changes - Legacy First Advantage Americas segment revenues were $172 million, down 5.5% year-over-year, impacted by consumer uncertainty [37]. - Legacy First Advantage International segment revenues increased 8.9% to $24 million, with a 7% increase on a constant currency basis [38]. - Legacy Sterling segment pro forma revenues for Q4 were $181 million, up 7% year-over-year, with a 6% contribution from the Vault acquisition [39]. Market Data and Key Metrics Changes - 87% of 2024 pro forma revenues were generated in the U.S. [18]. - The company completed nearly 190 million screens for approximately 80,000 active customers across 200 countries and territories [20]. - Gross retention rate remained stable at approximately 96% [20]. Company Strategy and Development Direction - The company is rolling out its updated strategy, FA 5.0%, focusing on synergy targets, deleveraging the balance sheet, and accelerating the go-to-market strategy [12]. - The synergy target range has been increased to $60 million to $70 million, up from the previous $50 million to $70 million [13]. - The company aims to leverage its combined capabilities to enhance customer value propositions and drive innovation [18][32]. Management's Comments on Operating Environment and Future Outlook - Management maintains a cautiously optimistic outlook for 2025, despite an uncertain macro environment [15]. - The company expects to see normalization in hiring patterns, which will positively impact future growth [100]. - Management noted that government efficiency efforts could potentially serve as a tailwind for the business [16]. Other Important Information - The company plans to host its inaugural Investor Day on May 28, where it will share more about its strategy and integration program [68]. - The integration of Sterling is progressing well, with a strong cultural match between the teams [108]. Q&A Session Summary Question: Can you provide more detail about the weakness in seasonal hiring in retail and transportation? - Management noted a trend of normalization in hiring patterns, with hiring slowing down around mid-November and continuing through December, but picking back up in January [72]. Question: Regarding the big win in the healthcare space using the Sterling platform, will you be supporting the Sterling back end indefinitely? - Management confirmed that they will maintain both platforms but will reduce overheads and headcount through innovative solutions that allow clients to leverage the best of both platforms without disruption [80]. Question: Are you tracking a Net Promoter Score pre-merger and post-merger? - Management stated that they continue to measure Net Promoter Scores for both customers and candidates, and feedback has been positive regarding the acquisition [83]. Question: Do you feel that the low end of the guidance embeds leeway for a slower-than-expected recovery in base growth? - Management acknowledged that base growth is expected to remain negative for the year, but they feel confident in their guidance range due to strong pipeline conversion and historical performance [92]. Question: What are the key areas for synergy realization? - Management indicated that synergies are being realized across various functions, including operations and fulfillment, with a focus on reducing duplicative costs [105].

Debt and Financial Obligations - The company may incur significant additional indebtedness in the future, with existing credit agreements containing restrictions that are subject to qualifications and exceptions[158]. - The ability to generate cash is crucial for servicing debt, and any failure to meet debt obligations could adversely affect the company's business and financial condition[159]. - If the company does not generate sufficient cash flow or cannot refinance its indebtedness, it may need to sell assets or reduce capital investments, which could materially impact operations[160]. - The company's debt instruments impose significant operating and financial restrictions, limiting its ability to incur additional debt, pay dividends, or make acquisitions[161]. - As of December 31, 2024, the carrying value of the company's long-term debt was $2,121.3 million, with a potential interest expense fluctuation of approximately $21.7 million for a hypothetical 100 basis point change in interest rates[343]. - The company entered into an interest rate swap agreement with a notional amount of $100.0 million, transitioning from LIBOR to SOFR with a fixed rate of 4.32%[345]. - The company has entered into multiple interest rate swap agreements to manage borrowing costs, with notional amounts totaling $160.0 million and $275.0 million maturing on December 31, 2026[347]. Shareholder and Corporate Governance - Silver Lake beneficially owned 51.7% of the company's outstanding common stock as of December 31, 2024, allowing it to control corporate policies and decisions[163]. - The company does not intend to pay dividends for the foreseeable future, with a one-time special cash dividend of $1.50 per share paid in August 2023 not indicating future dividend intentions[170]. - The company qualifies as a "controlled company" under Nasdaq rules, which may exempt it from certain corporate governance requirements[172]. - As of December 31, 2024, approximately 826,828,855 shares of common stock are authorized but unissued, which could dilute existing shareholders if issued[173]. - Future sales of common stock by existing stockholders could negatively impact the market price of the company's shares[174]. - Anti-takeover provisions in the company's organizational documents may delay or prevent a change of control, potentially affecting shareholder interests[177]. - The company has a classified board of directors with staggered three-year terms, which may limit stockholder ability to obtain a premium for shares[180]. - The company is authorized to issue up to 250,000,000 shares of preferred stock without stockholder approval, which may affect the value of common stock[181]. Cash and Currency Management - As of December 31, 2024, the company had cash and cash equivalents of $168.7 million, down from $213.8 million in 2023[341]. - Currency translation losses were approximately $(16.2) million, $1.2 million, and $(20.7) million for the years ended December 31, 2024, 2023, and 2022, respectively[351]. - The company has exposure to foreign currency fluctuations primarily related to the British Pound Sterling and Indian Rupee[349]. - The company has not hedged its investments in foreign subsidiaries against foreign currency exchange rate fluctuations[351]. Inflation and Economic Impact - The company does not believe inflation has materially affected its business, but acknowledges potential risks if costs rise significantly[352].