First Advantage Q1 revenue $169.4M, net loss $(2.9)M; reaffirms FY2024 guidance

FIRST ADVANTAGE CORP

2024-Q1 EPS reported -$0.02 revenue$169,416,000

Revenues of $169.4M, down 3.5% YoY from $175.5M.
GAAP net loss $(2.9)M vs net income $1.9M prior year; includes $11.1M Sterling acquisition costs.
Adjusted EBITDA $46.6M (27.5% margin); Adjusted diluted EPS $0.17.
Reaffirmed FY2024 guidance: rev $750-800M, adj. EBITDA $228-248M, adj. EPS $0.88-$0.98.
Sterling acquisition progressing; integration committee formed, regulatory reviews underway.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST ADVANTAGE CORP reported Quarter ended March 31, 2024 results: revenue 169.4, net income -2.9, EPS -0.02.

Period: Quarter ended March 31, 2024
Revenue: 169.4
Net income: -2.9
EPS: -0.02
Result: reported results

Exact text from the filing

for the first quarter ended March 31, 2024. Key Financials (Amounts in millions, except per share data and percentages) Three Months Ended March 31, 2024 2023 Change Revenues $ 169.4 $ 175.5 (3.5 )% (Loss) income from operations $ (0.7 ) $ 11.3 NM Net (loss) income $ (2.9 ) $ 1.9 NM Net (loss) income margin (1.7 )% 1.1 % NA Diluted net (loss) income per share

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Source: SEC EDGAR

accession 0000950170-24-056174

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