secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-022840
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017022022840/0000950170-22-022840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017022022840/fa-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022840

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