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First Advantage Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 10:15
Core Insights - First Advantage Corporation reported strong financial performance in Q1 2025, with revenues of $354.6 million, significantly up from $169.4 million in Q1 2024, indicating a year-over-year growth of approximately 109% [3][4] - The company reaffirmed its full-year 2025 guidance, 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 [2][10] Financial Performance - Revenues for Q1 2025 were $354.6 million, compared to $169.4 million in Q1 2024, reflecting a 109% increase [3] - Adjusted EBITDA for Q1 2025 was $92.1 million, with an adjusted EBITDA margin of 26.0%, compared to $46.6 million and 27.5% in Q1 2024 [3][6] - The net loss for Q1 2025 was $(41.2) million, resulting in a net loss margin of (11.6)%, which included $15.3 million in acquisition-related expenses [3][6] Strategic Initiatives - The integration of the Sterling acquisition is progressing ahead of schedule, with $37 million in run-rate cost synergies realized, moving towards a target of $60 million to $70 million [5][9] - The company is focusing on customer retention and synergy realization as part of its integration plan [9] Upcoming Events - First Advantage will host its inaugural investor day on May 28, 2025, to discuss its strategic vision, financial growth outlook, and key initiatives [8]
First Advantage to Release First Quarter 2025 Financial Results and Hold Investor Conference Call on May 8, 2025
Newsfilter· 2025-04-17 11:00
Core Viewpoint - First Advantage Corporation will release its first quarter 2025 financial results on May 8, 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 800-267-6316 for domestic calls or 203-518-9783 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]. 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 to offer employment background screening, digital identity solutions, and verification services [4]. - The company serves over 80,000 organizations globally, modernizing hiring and onboarding processes across more than 200 countries and territories [4].