secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056174
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017024056174/0000950170-24-056174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017024056174/fa-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056174

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