secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-061468
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Advantage Q3 revenue $200.4M (-2.7% YoY); adj EPS $0.28; FY guidance at low end
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- Revenue $200.4M (-2.7% YoY); net income $10.8M (-37.4%); GAAP diluted EPS $0.07.
- Adjusted EBITDA $64.8M (+0.9%), margin 32.3%; adj diluted EPS $0.28 (+7.7%); operating cash flow $34.4M.
- Paid special dividend of $1.50/share ($217.7M) on Aug 31, and acquired Infinite ID for $41M on Sep 1.
- Extends share repurchase program through Dec 2024; full-year 2023 guidance reaffirmed at low end of ranges.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023061468/0000950170-23-061468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023061468/fa-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-061468

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