earnings
confidence high
sentiment positive
materiality 0.75
First Advantage Q2 revenue +15.3% to $201.6M, net income $14.2M; raises FY guide low ends, announces $50M buyback
FIRST ADVANTAGE CORP
2022-Q2 EPS reported
$0.18
revenue$391,442,000
- Revenue $201.6M (+15.3% YoY); net income $14.2M (+277.6% YoY); net income margin 7.1%.
- Adj EBITDA $60.8M (+8.0% YoY); Adj Net Income $38.0M (+14.5% YoY); cash from ops $54.8M (+69.3%).
- Board authorized $50M share repurchase program over next twelve months through August 2, 2023.
- FY2022 guidance raised: revenue $823-835M, Adj EBITDA $254-259M, Adj Net Income $158-161M.