Core Insights - First Advantage Corporation has completed the acquisition of Sterling Check Corp, which is expected to enhance its operational scale and synergy benefits moving forward [4][6][24] - The company reported significant financial results for the fourth quarter and full year ended December 31, 2024, with revenues of $860.2 million, a net loss of $(110.3) million, and an adjusted EBITDA of $249.3 million [5][6][24] Full Year 2024 Highlights - Revenues for 2024 reached $860.2 million, up from $763.8 million in 2023, representing a year-over-year increase of approximately 12.3% [4][5] - The net loss for 2024 was $(110.3) million, compared to a net income of $37.3 million in 2023, reflecting a significant decline due to acquisition-related expenses [5][6] - Adjusted EBITDA for the year was $249.3 million, with an adjusted EBITDA margin of 29.0% [5][6] Fourth Quarter 2024 Highlights - In Q4 2024, revenues were $307.1 million, compared to $202.6 million in Q4 2023, marking a 51.5% increase [4][5] - The net loss for Q4 2024 was $(100.4) million, with a net loss margin of (32.7)%, influenced by $97.1 million in acquisition-related expenses [5][6] - Adjusted EBITDA for the quarter was $82.9 million, with an adjusted EBITDA margin of 27.0% [5][6] Full Year 2025 Guidance - The company has provided guidance for 2025, projecting revenues between $1.5 billion and $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 [3][8] - The guidance reflects expected synergies from the Sterling acquisition and a cautious outlook on growth due to macroeconomic conditions [7][8] Synergy Targets - First Advantage has already realized $20 million in run-rate cost synergies from the Sterling acquisition and has updated its synergy target range to $60 million to $70 million [6][7] - The combined company generated approximately $1.51 billion in revenues and nearly $397 million in adjusted EBITDA in 2024, demonstrating effective integration and execution strategies [6][7]

Core Viewpoint - First Advantage Corporation will release its fourth quarter and full year 2024 financial results on February 27, 2025, prior to an earnings conference call scheduled for 8:30 a.m. ET on the same day [1]. Financial Results Announcement - The financial results will be issued before the earnings conference call on February 27, 2025 [1]. - The conference call will be accessible via a domestic dial-in number (800-445-7795) and an international number (785-424-1699) [2]. - A live webcast of the conference call will be available on the company's investor relations website [2]. Company Overview - First Advantage is a leading global provider of employment background screening, identity, and verification solutions [4]. - The company operates in over 200 countries and territories, utilizing proprietary technology to deliver innovative services [4]. - First Advantage aims to help customers mitigate risk and hire the best talent, including employees, contractors, and tenants [4].

Core Insights - First Advantage Corporation will host its Collaborate customer conference featuring keynote speaker Jeremy Gutsche, an expert in innovation and AI [1][4] - Gutsche's session will focus on the impact of AI on talent acquisition and how businesses can adapt to these changes [3][4] Company Overview - First Advantage is a leading global provider of employment background screening, identity, and verification solutions, operating in over 200 countries [5] - The company utilizes proprietary technology to deliver services that help clients mitigate risk and hire effectively [5] Event Details - The Collaborate 2025 conference will take place from April 15 to 17, 2025, at the Fontainebleau Resort in Miami Beach, Florida [4] - The event is sponsored by several companies, including Employ, Fama, and TransUnion [4]

Core Insights - First Advantage Corporation will host its Collaborate customer conference featuring keynote speaker Jeremy Gutsche, an expert in innovation and AI [1][4] - Gutsche's session will focus on the impact of AI on talent acquisition and how businesses can adapt to these changes [3][4] Company Overview - First Advantage is a leading global provider of employment background screening, identity, and verification solutions, operating in over 200 countries [5] - The company aims to help customers mitigate risk and hire the best talent through its proprietary technology [5] Event Details - The Collaborate 2025 conference will take place from April 15 to 17, 2025, at the Fontainebleau Resort in Miami Beach, Florida [4] - The event is sponsored by several companies, including Employ, Fama, and TransUnion [4]

Group 1 - The article discusses the investment outlook for First Advantage Corporation (NASDAQ: FA), highlighting a hold rating due to anticipated negative macroeconomic conditions impacting the business [1] - The author emphasizes a fundamentals-based approach to value investing, arguing against the misconception that low multiple stocks are inherently cheap [1] - The focus is on identifying companies with long-term growth potential, stability, and strong balance sheets, while acknowledging the risks associated with overpaying for successful companies [1] Group 2 - The article does not provide any specific financial data or performance metrics related to First Advantage Corporation or the broader industry [2][3]

First Advantage Corporation (NASDAQ: FA ) has made a significant acquisition recently, which led to a leveraged balance sheet and relatively poor capital returns ahead. Moreover, its shares are somewhat overvalued right now.Labutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio management. Associated with the existin ...

First Advantage (FA) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this provider of background screening services would post earnings of $0.21 per share when it actually produced earnings of $0.21, delivering no surprise.Over the last four qua ...

Third Quarter 2024 Highlights1 Revenues of $199.1 millionNet Loss of $(8.9) million, a net loss margin of (4.4)%, includes $13.2 million of expenses incurred related to the acquisition of Sterling Check Corp. (“Sterling”)Adjusted Net Income of $38.0 millionAdjusted EBITDA of $64.0 million; Adjusted EBITDA Margin of 32.2%GAAP Diluted Net Loss Per Share of $(0.06), includes $0.07 per share of expenses incurred related to the Sterling acquisitionAdjusted Diluted Earnings Per Share of $0.26Cash Flows from Opera ...

First Advantage (FA) shares ended the last trading session 6.7% higher at $18.45. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.4% loss over the past four weeks.The stock price has increased as the company improves from investments in products and geographies to strengthen its business, including highly automating its technology.This provider of background screening services is expected to post quarterly earni ...

Strengthens First Advantage’s global reachExtends First Advantage’s high-quality and cost-effective background screening, identity, and verification technology solutions for the benefit of both companies’ customers across industry verticals and geographiesEnables increased investment in Artificial Intelligence and next-generation Digital Identification technologies for enhanced customer and applicant experience ATLANTA, Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading glo ...