Highest-materiality recent filing
Silver Lake sells 12.5M First Advantage shares at $22.20 in secondary offering
Selling stockholder Silver Lake to sell 12,500,000 shares at $22.20 per share; total gross proceeds ~$277.5M.
Q2 revenue $448.8M (+14.9% YoY); net income $16.9M; adjusted EBITDA $128.5M (28.6% margin); adjusted diluted EPS $0.35.
Elected James L. Clark, Bridgett R. Price, and Mark Gillett as Class II directors for three-year terms ending 2029.
First Advantage Q1 revenue up 8.6% to $385.2M, adjusted EPS $0.26, reaffirms FY2026 guidance
Revenue $385.2M (+8.6% YoY); net income $2.2M vs $(41.2)M loss in prior year.
First Advantage Q4 2025 revenue $420M; adjusted EPS $0.30; announces $100M buyback
Q4 revenue $420.0M vs $307.1M YoY; net income $3.5M vs loss of $100.4M YoY.
Director Bianca Stoica resigns from First Advantage board and compensation committee immediately
Bianca Stoica resigned as director and from Compensation Committee effective January 29, 2026.
Q3 revenue $409.2M, net income $2.6M ($0.01 diluted EPS); adjusted net income $52.3M ($0.30 adjusted EPS).
First Advantage Q2 revenue $390.6M, adj EPS $0.27; reaffirms FY2025 guidance
Revenue $390.6M vs $184.5M YoY (includes Sterling); net income $0.3M, GAAP diluted EPS $0.00.
First Advantage reduces interest rates on term loan and revolver by 0.50% via Amendment No. 5
Reduced term loan interest rate by 0.50% to 2.50%-2.75% plus SOFR on facility due October 31, 2031.
First Advantage stockholders elect directors and ratify auditor at annual meeting.
Scott Staples and Susan R. Bell elected as Class I directors for three-year terms through 2028.
First Advantage Q1 revenue $354.6M, adj. EBITDA $92.1M; reaffirms FY25 guidance
Revenue $354.6M (up from $169.4M YoY, includes Sterling); net loss $(41.2M) includes $15.3M acquisition costs.
FY2024 revenues $860.2M, net loss $(110.3)M (incl. $130.5M Sterling acquisition costs); Adj. EBITDA $249.3M, Adj. EPS $0.82.
First Advantage Q3 net loss $8.9M; closed Sterling Oct 31; maintains FY24 guidance
Q3 revenue $199.1M (-0.6% YoY); net loss $8.9M includes $13.2M Sterling acquisition costs.
First Advantage closes $2.2B Sterling Check acquisition; $2.185B term loan funded
Stockholders received $16.73 cash or 0.979 FA shares; 71% cash / 29% stock proration applied.
First Advantage completes Sterling acquisition; files financial statements
Merger of Merger Sub with and into Sterling completed on October 31, 2024.
First Advantage clears HSR for Sterling deal, expects close Oct 31
HSR waiting period and other regulatory review periods expired for the acquisition of Sterling Check Corp.
First Advantage sets Oct 24 election deadline, expects Oct 31 close for Sterling acquisition
Election deadline 5:00 p.m. ET Oct 24, 2024 for Sterling stockholders to choose cash or stock consideration.
First Advantage promotes Joelle Smith to President, expanding her role to include go-to-market teams
Effective Sept 16, 2024; Smith previously President, Data, Technology, and Experience since 2022.
First Advantage mails election forms for Sterling acquisition; holders choose cash or stock
Election Form mailed to Sterling stockholders on Sept 5, 2024; cash consideration $16.73/share or 0.979 FA shares per Sterling share.
President, Americas Joseph Jaeger to Retire November 1, 2024; Equity Vesting Extended
President Americas Joseph Jaeger retires effective Nov 1, 2024, under a retirement agreement dated Sept 3, 2024.
First Advantage reports Q2 2024 revenue of $184.5M, announces CFO retirement and reaffirms guidance
Revenue of $184.5M and net income of $1.9M for Q2 2024, with adjusted EBITDA margin of 30.2%.
Elected Joseph Osnoss, John Rudella, and Judith Sim as Class III directors for three-year terms.
First Advantage and Sterling receive DOJ Second Request; deal closing expected in Q4 2024
On May 28, 2024, First Advantage and Sterling each received a Second Request from the DOJ under the HSR Act.
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.
Specified stockholders owning 52.8% of Sterling delivered written consent; no further stockholder vote required.
First Advantage to buy Sterling Check for $2.2B; posts Q4/FY23 results
Acquisition valued at $2.2B inclusive of Sterling debt; $16.73/share cash or 0.979 FA shares, a 35% premium to Sterling's Feb 28 close.
First Advantage Q3 revenue $200.4M (-2.7% YoY); adj EPS $0.28; FY guidance at low end
Revenue $200.4M (-2.7% YoY); net income $10.8M (-37.4%); GAAP diluted EPS $0.07.
First Advantage extends $200M share repurchase authorization through Dec 2024
Board extended $200M share repurchase authorization by one year to December 31, 2024.
First Advantage Q2 revenue $185.3M; board declares $1.50 special dividend
Revenue $185.3M (-8.1% YoY); net income $9.8M (-31.3%); Adjusted EBITDA $56.0M (-8.0%).
James L. Clark was elected with 121,193,536 votes for and 12,251,179 withheld; Bridgett R. Price with 131,361,746 for; Bianca Stoica with 124,426,009 for.
First Advantage Q1 revenue $175.5M (-7.6% YoY), EPS $0.01; reaffirms FY guidance
Q1 revenue $175.5M (-7.6% YoY); net income $1.9M (-85.2%); diluted EPS $0.01.
First Advantage FY2022 revenue record $810M (+13.7%); guides FY2023 revenue -5% to 0%
FY2022 revenue record $810.0M, +13.7% YoY; net income $64.6M (+302.5%); cash from ops $212.8M (+43.1%).
First Advantage Q3 revenue up 6.8% to $206M; guides FY2022 lower on FX and demand softness
Revenue $206.0M (+6.8% YoY); net income $17.2M (+5.7%).
Revenue $201.6M (+15.3% YoY); net income $14.2M (+277.6% YoY); net income margin 7.1%.
First Advantage appoints Bridgett Price to Board of Directors, expanding board to eight members
Board increased from seven to eight members; Dr. Price elected as Class II director, effective June 17, 2022.
Revenue $189.9M (+43.8% YoY); net income $13.0M vs $(19.4)M loss.
First Advantage Q4 revenue $212.5M (+36% YoY), net income $15.4M vs loss; guides FY22 rev $813-828M
Q4 revenues $212.5M (+35.8% YoY); net income $15.4M vs net loss $(5.9M) in prior year.
First Advantage appoints Steven Marks as Chief Accounting Officer
Appointed Steven Marks as Chief Accounting Officer, effective February 28, 2022.
First Advantage grants 50,000 RSUs to President, Americas Joseph Jaeger
50,000 RSUs granted under 2021 Omnibus Incentive Plan on December 22, 2021.
First Advantage Q3 revenue $192.9M (+41% YoY); raises FY guidance; announces two acquisitions
Net income of $16.3M vs loss of $3.5M a year ago; adjusted EPS $0.28 vs $0.17.
First Advantage Q2 revenue up 66.5% to $174.8M; net income $3.8M vs loss
Revenue $174.8M (+66.5% YoY); net income $3.8M vs net loss of $16.4M.
First Advantage Q2 revenue $174.8M (+66.5% YoY); net income $3.8M vs loss, raises FY2021 guidance
Revenue $174.8M, up 66.5% YoY; net income $3.8M vs net loss of $16.4M.
On September 10, 2024, the Board of Directors of First Advantage Corporation (the “Company”), promoted Ms. Joelle M. Smith, the Company’s current President, Data, Technology, and Experience, to the role of the Company’s President, effective as of September 16, 2024 (the “Effective Date”).
On August 30, 2024, Joseph Jaeger, President, Americas of First Advantage Corporation (“First Advantage”), notified First Advantage of his intention to retire from such position, effective November 1, 2024 (the “Retirement Date”).
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.
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.
elected Bridgett R. Price to fill the vacancy so created, both effective June 17, 2022.
On May 11, 2022, the Board of Directors of the Company appointed Joelle M. Smith as President, Data, Technology, and Experience, effective May 11, 2022.
On March 3, 2022, the Board of Directors of First Advantage Corporation (the “Company”) appointed Steven Marks as Chief Accounting Officer, effective February 28, 2022.
Max materiality 0.92 · Median 0.70 · Most common event earnings