secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-124503
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Advantage Q3 net loss $8.9M; closed Sterling Oct 31; maintains FY24 guidance
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- Q3 revenue $199.1M (-0.6% YoY); net loss $8.9M includes $13.2M Sterling acquisition costs.
- Adjusted EBITDA $64.0M (32.2% margin); adjusted diluted EPS $0.26.
- Closed Sterling acquisition on Oct 31; actioned >$10M in run-rate cost synergies.
- FY24 standalone guidance: rev $750M-$800M, adj. EBITDA $228M-$248M, adj. EPS $0.88-$0.98.
- Combined co. guidance including Sterling Nov-Dec: rev $858M-$918M, adj. EBITDA $250M-$274M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017024124503/0000950170-24-124503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017024124503/fa-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124503

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