secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000950170-23-004824
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Advantage FY2022 revenue record $810M (+13.7%); guides FY2023 revenue -5% to 0%
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- FY2022 revenue record $810.0M, +13.7% YoY; net income $64.6M (+302.5%); cash from ops $212.8M (+43.1%).
- Q4 2022 revenue flat at $212.6M; net income $20.1M (+30.9%); Adjusted EBITDA $70.3M (+1.2%).
- 2023 guidance: revenue $770-810M (-5% to 0% YoY); Adjusted EBITDA $240-255M; Adjusted EPS $1.00-$1.07.
- Board increased share repurchase authorization by $50M to total $150M through Dec 2023; $75.7M repurchased YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/0000950170-23-004824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/fa-20230228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-004824

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