First Advantage reports Q2 2024 revenue of $184.5M, announces CFO retirement and reaffirms guidance

FIRST ADVANTAGE CORP

Revenue of $184.5M and net income of $1.9M for Q2 2024, with adjusted EBITDA margin of 30.2%.
David L. Gamsey to retire as EVP and CFO, effective November 8, 2024; Steven Marks named successor.
Acquisition of Sterling Check Corp. expected to close in Q4 2024, with integration planning underway.
Full-year 2024 guidance reaffirmed: revenue $750M-$800M, adjusted EBITDA $228M-$248M.
Cash and cash equivalents $269.6M, total debt $564.7M as of June 30, 2024.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David L. Gamsey

Executive Vice President and Chief Financial Officer

FA · FIRST ADVANTAGE CORP

Effective: 2024-11-08
Successor: Steven Marks
Filed: August 8, 2024, 7:59 PM ET

On August 5, 2024, David L. Gamsey notified the Company of his intent to retire from his position as Executive Vice President and Chief Financial Officer, effective November 8, 2024.

Appointed

Steven Marks

Executive Vice President and Chief Financial Officer

FA · FIRST ADVANTAGE CORP

Effective: 2024-11-08
Filed: August 8, 2024, 7:59 PM ET

on August 8, 2024, the Company announced that Steven Marks, age 38, will succeed Mr. Gamsey as Executive Vice President and Chief Financial Officer and serve as principal financial officer, in addition to continuing to serve as principal accounting officer, effective November 8, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David L. Gamsey retired as Executive Vice President and Chief Financial Officer at FIRST ADVANTAGE CORP.

Action: retired
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On August 5, 2024, David L. Gamsey notified the Company of his intent to retire from his position as Executive Vice President and Chief Financial Officer, effective November 8, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Marks was appointed as Executive Vice President and Chief Financial Officer at FIRST ADVANTAGE CORP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

on August 8, 2024, the Company announced that Steven Marks, age 38, will succeed Mr. Gamsey as Executive Vice President and Chief Financial Officer and serve as principal financial officer, in addition to continuing to serve as principal accounting officer, effective November 8, 2024.

View on SEC.gov

FIRST ADVANTAGE CORP filing history →

Source: SEC EDGAR

accession 0000950170-24-093275

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