secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040099
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023040099/0000950170-23-040099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023040099/fa-20230809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040099

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