secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000950170-22-014420
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Advantage Q2 revenue +15.3% to $201.6M, net income $14.2M; raises FY guide low ends, announces $50M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017022014420/0000950170-22-014420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017022014420/fa-20220804.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-014420

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer