earnings
confidence high
sentiment positive
materiality 0.85
First Advantage reports Q4 2024 net loss of $100.4M; completed Sterling acquisition; issues 2025 guidance
FIRST ADVANTAGE CORP
2024-FY EPS reported
-$0.74
revenue$860,205,000
- FY2024 revenues $860.2M, net loss $(110.3)M (incl. $130.5M Sterling acquisition costs); Adj. EBITDA $249.3M, Adj. EPS $0.82.
- Q4 revenues $307.1M, net loss $(100.4)M; Adj. EBITDA $82.9M, Adj. EPS $0.18.
- Completed Sterling acquisition on Oct 31, 2024; raised cost synergy target to $60-70M from $50-70M, $20M already actioned.
- FY2025 guidance: revenues $1.5-1.6B, Adj. EBITDA $410-450M, Adj. EPS $0.86-1.03.