First Advantage(FA) - 2023 Q1 - Earnings Call Presentation

Financial Performance & Outlook - Q1 2023 revenues were $175.5 million, a decrease of 6.4% compared to Q1 2022 on a constant currency basis[54] - Adjusted EBITDA for Q1 2023 was $48.6 million, a decrease of 9.4% compared to Q1 2022, with an Adjusted EBITDA Margin of 27.7%[57] - Adjusted Net Income for the quarter ended March 31, 2023 was $28.364 million, compared to $33.497 million for the quarter ended March 31, 2022[19] - Adjusted Diluted Earnings Per Share declined by 13.6% due to higher interest expense[40] - The company reaffirms full-year 2023 guidance, projecting constant currency revenues between $774 million and $814 million, representing a -4% to +0.5% change[81] - The company reaffirms full-year 2023 guidance, projecting Adjusted EBITDA between $240 million and $255 million, representing a -4% to +2% change[63] - The company reaffirms full-year 2023 guidance, projecting Adjusted Diluted Earnings Per Share between $1.00 and $1.07, representing a -3% to +4% change[82] Business Highlights - The company has 33,000 customers[1] - The company has over 700 million records in proprietary databases[1, 47] - The company's gross retention rate is 97%[26] - The company repurchased 1.9 million shares of common stock for $25.3 million at an average price of $13.50 per share during Q1 2023[60]