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First Advantage Releases Fourth Annual Sustainability Impact Report
Globenewswire· 2025-08-18 20:00
Core Insights - First Advantage Corporation released its 2024 Sustainability Impact Report, highlighting its commitment to responsible business practices and progress in environmental, community, and governance priorities [1][2] Group 1: Company Growth and Acquisitions - The 2024 report marks a milestone year for First Advantage, highlighted by the acquisition of Sterling Check Corp., which closed on October 31, 2024 [2] - The CEO emphasized that the combination with Sterling provides an opportunity for growth while maintaining a focus on purpose, responsibility, and impact [3] Group 2: Sustainability Efforts - The report outlines sustainability focus areas including people and community, environment and climate, governance and accountability, and policy and process [2] - The company conducted third-party assessments of Scope 1, 2, and 3 greenhouse gas emissions to align with the Task Force on Climate-related Financial Disclosures (TCFD) [5] Group 3: Employee Development and Inclusion - Following the acquisition, First Advantage updated its Culture & Inclusion priorities, expanding Employee Resource Groups into Employee Impact Groups [5] - Employees across 19 countries completed 131,740 training hours, leading to a 74% increase in the speed at which new hires became ready to work on live cases [5] Group 4: Data Privacy and Compliance - First Advantage maintained its ISO 27001 and ISO 27701 certifications, with Australian operations newly certified in 2024 [5] - The company earned Data Privacy Framework certifications across its EU, UK, and Swiss locations, reflecting its commitment to data protection [5] Group 5: Governance and Corporate Oversight - The company demonstrated strong governance through a well-qualified board of directors overseeing various committees [5]
ADP® Lyric HCM Wins Top HR Product of 2025 Award By HR Executive
Prnewswire· 2025-08-11 13:45
Core Insights - ADP's Lyric has been recognized as a Top HR Product of 2025 by HR Executive, highlighting its innovative approach to human capital management [1][6] - The award will be presented during the HR Icons Awards Evening at HR Tech 2025 on September 15, 2025 [1] Product Overview - The Top HR Products competition evaluates solutions based on innovation, value to HR functions, user experience, and integration capabilities [2] - Lyric is designed to support enterprise organizations with personalized guidance, global adaptability, and proactive insights through integrated AI and automation [3][6] Features and Benefits - ADP Lyric HCM offers a unified platform for HR, payroll, talent, and workforce management, tailored for borderless work environments [7] - Key features include ADP Assist for proactive insights, automated workflows to reduce administrative overhead, and flexible position management [6][7] Industry Context - The recognition of Lyric aligns with the industry's need for HR technologies that address current and future challenges, enabling HR leaders to be proactive and strategic [4] - HR Tech is a premier event showcasing innovative HR solutions, further establishing the importance of advancements in human resource management [9][10]
First Advantage(FA) - 2025 Q2 - Earnings Call Presentation
2025-08-07 12:30
August 7, 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, goals, and expectations c ...
4Spot Consulting Recognized by Make.com and HubSpot for Revolutionizing Startup & HR Automation
GlobeNewswire News Room· 2025-07-29 14:00
Group 1 - 4Spot Consulting has been recognized by industry leaders Make.com and HubSpot for its innovative automation solutions that help startups and HR teams eliminate inefficiencies and streamline hiring processes [1][7] - The company focuses on enabling high-potential organizations to scale without extensive hiring, emphasizing that automation is essential for profitable growth in today's resource-constrained environment [3][7] - Jeff Arnold, the founder, has shared practical strategies for startups and growth teams through various platforms, highlighting the importance of eradicating human bottlenecks and minimizing repetitive tasks [2][4] Group 2 - Arnold's book, "The Automated Recruiter," provides a framework for modernizing hiring workflows and reducing offer-to-acceptance times using automation and AI tools, contributing to its status as an Amazon best-seller [3][7] - 4Spot Consulting's expertise in deploying low-code and no-code solutions can save companies up to 25% of their operational time through intelligent automation [7] - The firm has been invited to lead workshops and share insights on AI and operational automation by various partners, establishing itself as a trusted voice in the HR tech and startup communities [4][7]
First Advantage to Release Second Quarter 2025 Financial Results and Hold Investor Conference Call on August 7, 2025
Globenewswire· 2025-07-17 11:00
Core Viewpoint - First Advantage Corporation will release its second quarter 2025 financial results on August 7, 2025, prior to an earnings conference call scheduled for 8:30 a.m. ET on the same day [1]. Group 1: Conference Call Details - Participants can join the conference call by dialing 800-445-7795 for domestic calls or 785-424-1699 for international calls, approximately ten minutes before the start time [2]. - The conference call will also be available via a live webcast on the Company's investor relations website, with related presentation materials posted prior to the call [2]. - A replay of the webcast will be accessible on the Company's investor relations website following the conference call [3]. Group 2: Company Overview - First Advantage is a leading provider of global software and data in the HR technology industry, utilizing proprietary technology and AI for its services [4]. - The Company offers comprehensive employment background screening, digital identity solutions, and verification services, serving over 80,000 organizations globally [4]. - Headquartered in Atlanta, Georgia, First Advantage operates in over 200 countries and territories, focusing on modernizing hiring and onboarding processes [4].
CLEAR and Greenhouse Announce Partnership to Enable Candidate Verification
GlobeNewswire News Room· 2025-06-12 12:00
Core Insights - CLEAR has partnered with Greenhouse to enhance hiring processes through the integration of CLEAR1, an identity verification platform, aimed at improving trust and reducing manual screening in recruitment [1][4][8] Industry Context - The recruitment landscape is increasingly challenged by a surge in candidate applications driven by remote work and economic uncertainty, alongside a rise in fraudulent applications facilitated by AI technologies [2][3] - Gartner forecasts that by 2028, up to 25% of job applicants may be fraudulent, utilizing advanced AI tools to circumvent traditional hiring controls [2] Company Benefits - The integration of CLEAR1 into Greenhouse's Real Talent solution will allow for seamless verification of candidates, enhancing the efficiency of the hiring process [3][8] - Organizations using this integrated solution can expect to save time and reduce the risk of hiring fraudulent candidates, thereby improving the overall quality of hires [8][9] Candidate Experience - Candidates will benefit from a streamlined verification process, which involves simply taking a selfie to confirm their identity, making the application experience faster and more secure [3][8] - The integration will also allow candidates to verify their identity quickly if they are already CLEAR users, minimizing friction in the hiring process [8] Launch Timeline - The Greenhouse Real Talent and CLEAR1 integration is set to launch for select customers in Q3 2025, with further details to be announced [6]
First Advantage (FA) 2025 Earnings Call Presentation
2025-05-28 13:03
Strategic Overview - First Advantage is positioned as a leading provider of global software and data in the HR technology industry, operating in a large and growing market[23, 25] - The company has a pro forma revenue of $1.5 billion and synergized pro forma adjusted EBITDA of $457 million as of LTM 3/31/25[29] - First Advantage addresses a $24 billion+ global total addressable market, with opportunities to outgrow the market's expected 6%-7% growth rate[36] Sterling Acquisition & Synergies - The acquisition of Sterling Check Corp closed on October 31, 2024, with a purchase value of $2.2 billion (77% cash / 23% stock)[71] - The company is increasing its synergy target from the Sterling acquisition to $65 million - $80 million, with $37 million in run rate synergies actioned as of 3/31/2025[81] Financial Performance & Outlook - First Advantage reaffirms its FY25 guidance, projecting total revenues between $1.5 billion and $1.6 billion, and adjusted EBITDA between $410 million and $450 million[208] - The company targets revenue of $1.8 billion - $2.0 billion by 2028, representing a 4%-7% CAGR, and an adjusted EBITDA margin of 31%-32%[83, 228] - First Advantage aims for an adjusted diluted EPS of $1.65 - $2.00 by 2028, a 19%-25% CAGR[83, 228] - The company has a total debt of $2.2 billion and net debt of $2.0 billion as of 3/31/2025, with a revolver availability of $250 million[198] - The company is targeting a net leverage range of 2x – 3x[200]
First Advantage to Host Inaugural Investor Day and Introduce Long-Term Financial Targets
Globenewswire· 2025-05-27 10:00
Core Viewpoint - First Advantage Corporation is hosting its inaugural Investor Day to present its strategic vision, financial growth outlook, and key initiatives in the HR technology industry [1][2][3] Group 1: Event Details - The Investor Day will take place in New York City on May 28, 2025, starting at 8:30 a.m. ET and concluding around 11:30 a.m. ET [1] - The event will feature presentations from CEO Scott Staples and other executive management team members, along with multiple Q&A sessions [2] Group 2: Company Strategy and Growth - CEO Scott Staples emphasized the execution of the FA 5.0 strategy to enhance shareholder value and solidify the company's leadership in the background screening industry [3] - The recent acquisition of Sterling has significantly expanded First Advantage's capabilities and market reach, positioning the company for profitable growth [3] Group 3: Company Overview - First Advantage is a leading provider of global software and data in the HR technology sector, focusing on employment background screening, digital identity solutions, and verification services [4] - The company serves over 80,000 organizations across more than 200 countries, leveraging proprietary technology and AI to modernize hiring and onboarding processes [4]
First Advantage Releases 2025 Global Trends Report
Newsfilter· 2025-04-22 10:30
Core Insights - First Advantage Corporation released its 2025 Global Trends Report, providing insights into the background screening industry based on extensive customer surveys and data analysis [1][2] Company Overview - First Advantage is a leading provider of global software and data in the HR technology sector, serving 80,000 organizations across over 200 countries and territories [2][4] - The company focuses on employment background screening, digital identity solutions, and verification services, leveraging proprietary technology and AI to enhance hiring processes [4] Key Findings from the Report - The report highlights the importance of combining technology and compliance strategies to improve hiring efficiency and candidate experience while ensuring risk mitigation and security [3] - There is a growing demand for faster background screening processes, particularly in the United States, driven by enhanced automation technologies that reduce turnaround times for criminal background checks [5] - Organizations are increasingly prioritizing adherence to global regulatory requirements while streamlining hiring processes, with advanced screening technology facilitating compliance [5] - Identity fraud mitigation solutions are being adopted more widely, with companies focusing on criminal history screening to enhance security amid complex regulatory environments [5] - In the UK, 52% of applicants utilize touchless digital identification in their online applications, and 9% provide a share code to validate their right-to-work status [5]