First Advantage Q2 revenue $185.3M; board declares $1.50 special dividend

FIRST ADVANTAGE CORP

2023-Q2 EPS reported $0.08 revenue$360,835,000

Revenue $185.3M (-8.1% YoY); net income $9.8M (-31.3%); Adjusted EBITDA $56.0M (-8.0%).
GAAP diluted EPS $0.07; Adjusted diluted EPS $0.24.
Board declares one-time special dividend of $1.50/share, payable Aug 31 to holders of record Aug 21.
FY2023 guidance reaffirmed: revenue $770M-$810M, Adj. EBITDA $240M-$255M, Adj. EPS $1.00-$1.07; expects lower end.
Repurchased 2.0M shares for $27.1M in Q2; $114.5M total under $200M program.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST ADVANTAGE CORP reported second quarter ended June 30, 2023 results: revenue $185.3 million, net income $9.8 million, EPS $0.07. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $185.3 million
Net income: $9.8 million
EPS: $0.07
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Exhibit 99.1 First Advantage Reports Second Quarter 2023 Results Board of Directors declares one-time special dividend Second Quarter 2023 Highlights 1 • Generated Revenues of $185.3 million; Constant Currency Revenues were $186.4 million • Delivered Net Income of $9.8 million; Adjusted Net Income was $34.8 million • Produced Adjusted EBITDA of $56.0 million;

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Source: SEC EDGAR

accession 0000950170-23-040099

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