First Advantage(FA) - 2024 Q2 - Quarterly Results

Exhibit 99.1 First Advantage First Advantage Reports Second Quarter 2024 Results Reaffirms Full-Year 2024 Guidance; Sterling Acquisition Expected to Close in Q4 Second Quarter 2024 Highlights 1 • Revenues of $184.5 million • Net Income of $1.9 million, a net income margin of 1.0%, includes $9.2 million of expenses incurred related to the acquisition of Sterling Check Corp. ("Sterling") • Adjusted Net Income of $30.8 million • Adjusted EBITDA of $55.8 million; Adjusted EBITDA Margin of 30.2% • GAAP Diluted N ...