secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-093275
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017024093275/0000950170-24-093275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017024093275/fa-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-093275

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