First Advantage Q3 revenue up 6.8% to $206M; guides FY2022 lower on FX and demand softness

FIRST ADVANTAGE CORP

2022-Q3 EPS reported $0.29 revenue$597,428,000

Revenue $206.0M (+6.8% YoY); net income $17.2M (+5.7%).
Adjusted EBITDA $64.2M (+0.4%); adjusted net income $40.0M (-5.1%) YoY.
Share repurchase program increased by $100M to $150M total, extended through Dec 31, 2023; $21.6M used for 1.6M shares.
Full year 2022 revenue guidance revised to $813-820M (from $823-835M); adjusted EBITDA now $247-251M.
Cash from operations $46.4M (+67.2%); cash $390.3M, net debt $174.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST ADVANTAGE CORP reported third quarter ended September 30, 2022 results: revenue $206.0 million, net income $17.2 million. Guidance lowered.

Period: third quarter ended September 30, 2022
Revenue: $206.0 million
Net income: $17.2 million
Guidance: lowered
Result: reported results

Exact text from the filing

Exhibit 99.1 First Advantage Reports Third Quarter 2022 Results Third Quarter 2022 Highlights (All results compared to prior-year period unless otherwise noted) • Revenues were $206.0 million, an increase of 6.8%, compared to $192.9 million; Constant Currency Revenues 1 were $209.4 million, an increase of 8.6% • Net income was $17.2 million, an increase of 5.7%,

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Source: SEC EDGAR

accession 0000950170-22-022840

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