Exhibit 99.1 First Advantage Reports Full Year and Fourth Quarter 2023 Results Introduces Full Year 2024 Guidance Announces Agreement to Acquire Sterling Check Corp. Full Year 2023 Highlights 1 Fourth Quarter 2023 Highlights 1 Standalone First Advantage Full Year 2024 Guidance • Introducing full-year 2024 guidance ranges for Revenues of $750 million to $800 million, Adjusted EBITDA of $228 million to $248 million, Adjusted Net Income of $127 million to $142 million, and Adjusted Diluted Earnings Per Share o ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31666 First Advantage Corporation (Exact Name of Registrant as Specified in its Charter) | Delaware | 84-3884690 | | --- | -- ...

First Advantage Corporation (NASDAQ:FA) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Conference Call Participants Shlomo Rosenbaum - Stifel David Togut - Evercore ISI David Paige - RBC Capital Markets Andrew Steinerman - JPMorgan Stephanie Moore - Jefferies Ronan Kennedy - Barclays Kyle Peterson - Needham Pete Christiansen - Citigroup Opera ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31666 First Advantage Corporation WASHINGTON, DC 20549 FORM 10-Q (Mark One) If an emerging growth company, indicate by check mark if the registrant has elected not to use t ...

OUR MARKET of Whitespace and Attractive Growth 33K Customers OUR LTM Q1 2023 FINANCIALS 50%+ of Fortune 100 and ~33% Fortune 500 700M+ 13 Year Average Tenure DEDICATED TO OUR SUSTAINABILITY EFFORTS Good Governance Supply Chain Governance Financial Health & Performance Cybersecurity & Data Privacy Compliant & Ethical Conduct | --- | --- | --- | |------------------------------|-------|-------| | | | | | | | | | | | | | FINANCIAL RESULTS & OUTLOOK | | | | David Gamsey | | | | EVP, Chief Financial Officer | | | ...

First Advantage Corporation (NASDAQ:FA) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Stephanie Gorman - VP, IR Scott Staples - CEO & Director David Gamsey - CFO & EVP Conference Call Participants David Togut - Evercore ISI Stephanie Moore - Jefferies Alex Hess - JPMorgan Chase & Co. Kyle Peterson - Needham & Company Heather Balsky - Bank of America Merrill Lynch Operator Good day, everyone. My name is Todd, and I will be your conference operator today. I would like to welcom ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents First Advantage Corporation's unaudited Q1 2023 financial statements, showing decreased revenues, net income, and equity from share repurchases [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$1.85 billion** from **$1.89 billion**, with total liabilities falling to **$740.3 million** and total equity to **$1.11 billion** Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total current assets** | $555,474 | $566,195 | | Goodwill | $793,293 | $793,080 | | **TOTAL ASSETS** | **$1,847,663** | **$1,885,825** | | **Total current liabilities** | $84,960 | $100,786 | | Long-term debt, net | $557,111 | $556,649 | | **Total liabilities** | **$740,336** | **$759,207** | | **Total equity** | **$1,107,327** | **$1,126,618** | [Condensed Consolidated Statements of Operations and Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) Revenues decreased to **$175.5 million** from **$189.9 million**, with net income significantly declining to **$1.9 million** and diluted EPS to **$0.01** Q1 2023 vs Q1 2022 Statement of Operations (in thousands, except per share data) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | **Revenues** | **$175,520** | **$189,881** | | Income from Operations | $11,287 | $17,098 | | **Net Income** | **$1,925** | **$13,013** | | Diluted net income per share | $0.01 | $0.09 | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow decreased to **$38.6 million**, investing cash use fell to **$6.1 million**, and financing cash use increased to **$24.2 million** due to share repurchases Q1 2023 vs Q1 2022 Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $38,599 | $41,583 | | Net cash used in investing activities | $(6,083) | $(26,472) | | Net cash used in financing activities | $(24,163) | $(40) | | **Increase in cash** | **$8,500** | **$15,129** | [Condensed Consolidated Statements of Changes in Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders%27%20Equity) Total stockholders' equity decreased to **$1.107 billion**, primarily due to **$25.5 million** in common stock repurchases - Share repurchases of common stock amounted to a **$25.5 million** reduction in accumulated deficit during the first quarter of 2023[15](index=15&type=chunk) - Net income of **$1.9 million** and share-based compensation of **$2.1 million** partially offset the reduction in equity[15](index=15&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, business operations, and financial items, including background screening services, debt, share repurchases, and segment reporting - The company provides background check and compliance services categorized as pre-onboarding, post-onboarding, and adjacent products[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk) - The Board of Directors authorized a share repurchase program, which was increased to **$200.0 million** in February 2023. As of March 31, 2023, **$114.2 million** remained available for repurchase[65](index=65&type=chunk)[67](index=67&type=chunk) Segment Adjusted EBITDA (in thousands) | Segment | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Americas | $44,656 | $46,819 | | International | $3,904 | $6,781 | | **Total** | **$48,560** | **$53,600** | - The company has a **$564.7 million** outstanding term loan under its First Lien Credit Facility as of March 31, 2023, with no outstanding borrowings under its **$100.0 million** revolver[44](index=44&type=chunk) - A liability of **$4.1 million** was recorded as of March 31, 2023, for litigation matters where a loss is considered probable and estimable[72](index=72&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=19&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial condition, detailing a **7.6% revenue decline** to **$175.5 million** and a **9.4% Adjusted EBITDA decrease** [Results of Operations](index=24&type=section&id=Results%20of%20Operations) Q1 2023 revenues decreased **7.6%** to **$175.5 million**, operating income fell to **$11.3 million**, and net income dropped to **$1.9 million** Q1 2023 vs Q1 2022 Results of Operations (in thousands) | Line Item | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Revenues | $175,520 | $189,881 | | Cost of services | $91,061 | $96,431 | | Income from operations | $11,287 | $17,098 | | Interest expense, net | $8,681 | $(850) | | Net income | $1,925 | $13,013 | - The decrease in revenues was primarily driven by a **$22.0 million** net decrease in existing customer revenues due to reduced demand from macro-economic events, partially offset by **$9.3 million** from upselling/cross-selling and **$7.6 million** from new customers[109](index=109&type=chunk) - Net interest expense increased by **$9.5 million**, primarily due to higher interest rates on the First Lien Credit Facility and **$1.9 million** of unrealized losses on interest rate swaps[117](index=117&type=chunk)[118](index=118&type=chunk) [Key Operating and Financial Metrics (Non-GAAP)](index=28&type=section&id=Key%20Operating%20and%20Financial%20Metrics) Non-GAAP metrics declined, with Adjusted EBITDA falling **9.4%** to **$48.6 million** and Adjusted Diluted EPS decreasing to **$0.19** Non-GAAP Financial Metrics (in thousands, except percentages/per share) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Adjusted EBITDA | $48,560 | $53,600 | | Adjusted EBITDA Margin | 27.7% | 28.2% | | Adjusted Net Income | $28,364 | $33,497 | | Adjusted Diluted EPS | $0.19 | $0.22 | Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Line Item | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net income | $1,925 | $13,013 | | Interest, Taxes, D&A | $41,228 | $38,119 | | Share-based compensation | $2,058 | $1,859 | | Other adjustments | $3,349 | $609 | | **Adjusted EBITDA** | **$48,560** | **$53,600** | [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with **$400.2 million** cash and **$100.0 million** undrawn revolver, increasing share repurchase authorization to **$200.0 million** - The company has primary liquidity requirements for working capital, capital expenditures, and strategic investments[145](index=145&type=chunk) - As of March 31, 2023, the company had **$400.2 million** in cash and cash equivalents and **$100.0 million** available under its revolving credit facility[146](index=146&type=chunk) - The Board of Directors increased the share repurchase program to **$200.0 million**, effective February 28, 2023. Through May 4, 2023, the company had repurchased **$97.4 million** of shares under the program[148](index=148&type=chunk) [Cash Flow Analysis](index=34&type=section&id=Cash%20Flow%20Analysis) Operating cash flow decreased to **$38.6 million**, investing cash use fell to **$6.1 million**, and financing cash use increased to **$24.2 million** Cash Flow Summary (in thousands) | Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $38,599 | $41,583 | | Net cash used in investing activities | $(6,083) | $(26,472) | | Net cash used in financing activities | $(24,163) | $(40) | - The decrease in operating cash flow was impacted by more modest hiring activity and softness internationally[159](index=159&type=chunk) - The decrease in investing cash use was driven by the absence of acquisitions in Q1 2023, compared to a **$19.1 million** acquisition in Q1 2022[160](index=160&type=chunk) - Financing activities in Q1 2023 were primarily driven by **$25.3 million** in share repurchases under the company's program[161](index=161&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes in market risks were reported as of March 31, 2023, compared to the prior Annual Report on Form 10-K - No material change had occurred in the company's market risks as of March 31, 2023, compared with the disclosure in the Annual Report on Form 10-K filed on February 28, 2023[163](index=163&type=chunk) [Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that as of the end of the period, the company's disclosure controls and procedures were effective at a reasonable assurance level[165](index=165&type=chunk) - There were no changes in internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[166](index=166&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) The company recorded a **$4.1 million** liability for probable and estimable legal matters as of March 31, 2023 - The company has recorded a liability of **$4.1 million** at March 31, 2023, for legal matters where a loss is both probable and estimable[72](index=72&type=chunk)[168](index=168&type=chunk) [Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's risk factors were reported as of March 31, 2023 - No material changes had occurred in the company's risk factors as of March 31, 2023[169](index=169&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=36&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No material change in IPO proceeds use; **1,871,691** shares repurchased at **$13.50** average price in Q1 2023 Issuer Purchases of Equity Securities (Q1 2023) | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | Jan 2023 | 641,061 | $13.15 | | Feb 2023 | 525,603 | $13.71 | | Mar 2023 | 705,027 | $13.66 | | **Total** | **1,871,691** | **$13.50** | - The Board of Directors increased the total authorized amount under the Repurchase Program to **$200.0 million**. As of March 31, 2023, **$114.2 million** remained available for repurchase[171](index=171&type=chunk) [Other Information](index=38&type=section&id=Item%205.%20Other%20Information) The Board modified vesting terms for unvested performance-based equity awards, allowing time-based vesting on anniversaries - The company modified vesting terms for unearned performance-based awards, allowing them to vest based on time over the fourth, fifth, and sixth anniversaries of the vesting commencement date, subject to continued service[173](index=173&type=chunk) - An equity grant was authorized for the EVP, General Counsel, and Corporate Secretary, Bret T. Jardine, with a fair value of **$150,000**, effective May 10, 2023[176](index=176&type=chunk) [Exhibits](index=39&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including corporate governance documents and officer certifications - The report includes exhibits such as corporate governance documents, compensatory arrangements, and certifications by the Principal Executive Officer and Principal Financial Officer[177](index=177&type=chunk)

First Advantage Corporation (NASDAQ:FA) Q4 2022 Earnings Conference Call February 28, 2023 8:30 AM ET Company Participants Stephanie Gorman - Vice President, Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Conference Call Participants Ashish Sabadra - RBC Capital Markets Kyle Peterson - Needham & Company Stephanie Moore - Jefferies Alex Hess - JPMorgan Ronan Kennedy - Barclays Heather Balsky - Bank of America Peter Christiansen - Citigroup Adam Parringto ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-31666 First Advantage Corporation (Exact name of Registrant as specified in its Charter) Delaware 84-3884690 (State or other jurisdic ...