First Advantage Corp

First Advantage Corp. provides technology solutions for screening, verifications, safety, and compliance related to human capital. Its product suite includes Criminal Background Checks, Drug & Health Screening, Extended Workforce Screening, Biometrics & Identity, Education & Work Verifications, Resident Screening, Fleet & Driver Compliance, Executive Screening, Data Analytics, Continuous Monitoring, Social Media Monitoring, and Hiring Tax Incentives. The company was founded in 2013 and is headquartered in Atlanta, GA.

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First Advantage Corp achieves record Q4 results, eyes growth opportunities

First Advantage Corp (FA) reported record revenue and profitability in Q4 2022, with a focus on enterprise clients and technology differentiation. While facing challenges in M&A valuations and sector gaps, FA sees opportunities in growth strategies and margin improvement.

First Advantage Corp reports solid Q1 earnings and focuses on customer service amidst industry challenges

First Advantage Corp's Q1 performance was strong, with revenues slightly exceeding expectations and a focus on customer service despite industry challenges. The company's balance sheet is robust, and its sustainability efforts are driving shareholder value. Opportunities lie in expanding customer base, leveraging risk mitigation trends, and investing in technology for future growth.

First Advantage Corp reports Q2 results, eyes growth amid challenges

First Advantage Corp (FA) navigated challenges in Q2 2023 with revenues meeting expectations, a special dividend declaration, and a focus on strategic growth initiatives.
Despite macroeconomic uncertainties impacting revenues and international operations, FA maintains a strong balance sheet and pursues opportunities for expansion and profitability.
The company's proactive approach to AI investments, capital allocation, and maintaining margins underscores its resilience and readiness to capitalize on future growth prospects.

First Advantage Corp reports resilient Q3 performance and eyes international growth

First Advantage Corp delivered strong financial performance in Q3, with revenue and EBITDA outperforming expectations.
The company's strategic investments in AI technology and digital identity solutions position it well for future growth.
Challenges in international markets require focused efforts on margin improvement and revenue growth strategies.
Opportunities lie in positive base revenue growth outlook for 2024 and potential market rebounds in APAC and India.

First Advantage Corp to Acquire Sterling Check Corp for $2.2B, Driving Growth and Innovation

First Advantage Corp's acquisition of Sterling Check Corp aims to drive growth, innovation, and cost synergies in the background screening industry.
The focus post-acquisition will be on integration, customer satisfaction, and leveraging AI to enhance operational efficiency.
Stable pricing trends, international market stabilization, and strategic financial management are critical success factors post-merger.
The combined entity is poised to capitalize on market opportunities and deliver value through product innovation and improved customer experiences.

First Advantage Corp reports Q1 results, eyes Sterling acquisition synergies

First Advantage Corp (FA) showcased solid performance in key sectors and progress on strategic initiatives in Q1 2024.
Preparations for the Sterling acquisition are advancing well, with expectations of significant synergies and revenue growth post-closing.
While facing revenue challenges and integration complexities, the company remains optimistic about achieving growth and operational improvements in the future.

First Advantage Corp doubles in size with Sterling acquisition, poised for growth

First Advantage Corp's Q3 2024 earnings call highlighted stable performance, successful acquisition of Sterling, and progress towards cost synergies. The company's focus on innovation, customer value, and operational efficiency sets a strong foundation for future growth.

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First Advantage Corp. provides technology solutions for screening, verifications, safety, and compliance related to human capital. Its product suite includes Criminal Background Checks, Drug & Health Screening, Extended Workforce Screening, Biometrics & Identity, Education & Work Verifications, Resident Screening, Fleet & Driver Compliance, Executive Screening, Data Analytics, Continuous Monitoring, Social Media Monitoring, and Hiring Tax Incentives. The company was founded in 2003 and is headquartered in Atlanta, GA.

First Advantage Corporation's acquisition of Sterling Check led to a leveraged balance sheet and overvalued shares, impacting capital returns negatively. The company aims to integrate Sterling, achieve cost synergies, and focus on deleveraging to improve financial stability and future growth prospects. Despite strong industry positioning, high leverage and limited capital returns make First Advantage less attractive for long-term investors.

First Advantage: Sterling Acquisition Leads To Leveraged Balance Sheet, Poor Returns

First Advantage Corporation (NASDAQ:FA ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Outgoing Chief Financial Officer Steven Marks - Chief Financial Officer Conference Call Participants Shlomo Rosenbaum - Stifel Andrew Steinerman - JPMorgan Andrew Nicholas - William Blair Manav Patnaik - Barclays Scott Wurtzel - Wolfe Research Operator Good day, everyone. My name is Ashley and I will be your conference operator today.

First Advantage Corporation (FA) Q3 2024 Earnings Call Transcript

First Advantage (FA) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago.

First Advantage (FA) Beats Q3 Earnings Estimates

Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling

First Advantage Reports Third Quarter 2024 Results

First Advantage (FA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in First Advantage (FA): Can Its 6.7% Jump Turn into More Strength?

ATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening, identity, and verification solutions, today announced the Company's management team will host investor meetings and speak at the following investor conferences in November:

First Advantage to Participate in Upcoming Investor Conferences

ATLANTA, Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening, identity, and verification solutions, today announced that it has completed its acquisition of Sterling Check Corp. (the “transaction”). Valued at $2.2 billion, including the assumption of Sterling's outstanding debt, the acquisition combines industry leading platforms and innovative solutions to deliver an enhanced customer experience while expanding and diversifying First Advantage's vertical and geographic exposure, creating a more well-balanced portfolio.

First Advantage Completes Acquisition of Sterling Check for $2.2 Billion

ATLANTA, Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, will issue its third quarter 2024 financial results on Tuesday, November 12, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day.

First Advantage to Release Third Quarter 2024 Financial Results and Hold Investor Conference Call on November 12, 2024

ATLANTA and INDEPENDENCE, Ohio, Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA) and Sterling Check Corp. (NASDAQ:STER) today announced that the deadline for (i) record holders of vested shares of Sterling common stock and (ii) eligible holders of Sterling common stock equivalents (Sterling common stock equivalents is defined as “Company Common Stock Equivalents” in the Merger Agreement (as defined below)) and unvested shares of Sterling common stock to elect the form of merger consideration they wish to receive in connection with First Advantage's acquisition of Sterling (the "Transaction") is 5:00 p.m. Eastern Time on October 24, 2024 (such deadline, as it may be extended, the "Election Deadline"), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of February 28, 2024, by and among First Advantage, Sterling, and Starter Merger Sub, Inc., a Delaware corporation and an indirect, wholly-owned subsidiary of First Advantage. Sterling stockholders who hold shares through a bank, broker or other nominee may be subject to an earlier election deadline and should carefully review any materials they received from their bank, broker or other nominee. The parties expect to close the Transaction on October 31, 2024, subject to the receipt of regulatory clearances and approvals and the satisfaction or waiver of other customary closing conditions. If such clearances, approvals and conditions are not received or satisfied as expected, the parties may elect to extend the Election Deadline and the anticipated closing of the Transaction will be a later date.

First Advantage and Sterling Announce Election Deadline for Sterling Stockholders to Elect Merger Consideration

Investors need to pay close attention to First Advantage (FA) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in First Advantage (FA) Stock?

Background Screening Provider Reaffirms Commitment to Core Values and Responsible Business Practices to the Benefit of Its Global Workforce and Customer Base Background Screening Provider Reaffirms Commitment to Core Values and Responsible Business Practices to the Benefit of Its Global Workforce and Customer Base

First Advantage Releases Third Annual Sustainability Report

This strategic appointment underscores the Company's commitment to advancing its background screening, identity, and verifications technology, enabling faster and more efficient solutions for customers This strategic appointment underscores the Company's commitment to advancing its background screening, identity, and verifications technology, enabling faster and more efficient solutions for customers

First Advantage Announces Promotion of Joelle Smith to President, First Advantage

First Advantage Corporation (NASDAQ:FA ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Stephanie Gorman - VP of IR Scott Staples - CEO David Gamsey - CFO Conference Call Participants Shlomo Rosenbaum - Stifel Andrew Steinerman - JPMorgan Andrew Nicholas - William Blair Heather Balsky - Bank of America Merrill Lynch Kyle Peterson - Needham Operator Good day, everyone. My name is Todd and I will be your conference operator today.

First Advantage Corporation (FA) Q2 2024 Earnings Call Transcript

First Advantage (FA) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago.

First Advantage (FA) Q2 Earnings Meet Estimates

Reaffirms Full-Year 2024 Guidance; Sterling Acquisition Expected to Close in Q4 Reaffirms Full-Year 2024 Guidance; Sterling Acquisition Expected to Close in Q4

First Advantage Reports Second Quarter 2024 Results

ATLANTA, July 18, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, will issue its second quarter 2024 financial results on Thursday, August 8, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day.

First Advantage to Release Second Quarter 2024 Financial Results and Hold Investor Conference Call on August 8, 2024

First Advantage Corporation (NASDAQ:FA ) Q1 2024 Earnings Call Transcript May 9, 2024 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Conference Call Participants Shlomo Rosenbaum - Stifel Ashish Sabadra - RBC Capital Markets Andrew Steinerman - JPMorgan Heather Balsky - Bank of America Andrew Nicholas - William Blair Operator Good day, everyone. My name is Todd, and I will be your conference operator today.

First Advantage Corporation (FA) Q1 2024 Earnings Call Transcript

First Quarter 2024 Highlights¹ Revenues of $169.4 million Net Loss of $(2.9) million, after $11.1 million of costs related to the acquisition of Sterling Check Corp. (“Sterling”) Adjusted Net Income of $24.8 million Adjusted EBITDA of $46.6 million GAAP Diluted Net Loss Per Share of $(0.02), after $0.08 per share of costs related to the acquisition of Sterling Adjusted Diluted Earnings Per Share of $0.17 Cash Flows from Operations of $38.3 million Acquisition of Sterling, announced on February 29, 2024, continues to progress towards closing. Reaffirming Standalone First Advantage Full-Year 2024 Guidance Reaffirming full-year 2024 guidance ranges for Revenues of $750 million to $800 million, Adjusted EBITDA of $228 million to $248 million, Adjusted Net Income of $127 million to $142 million, and Adjusted Diluted Earnings Per Share of $0.88 to $0.98² ATLANTA, May 09, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, today announced financial results for the first quarter ended March 31, 2024.

First Advantage Reports First Quarter 2024 Results

First Advantage (FA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate First Advantage (FA) to Report a Decline in Earnings: What to Look Out for

NEW YORK , May 1, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating First Advantage Corporation (NASDAQ: FA) , relating to its proposed merger with Sterling Check Corp. Under the terms of the agreement, it is expected that First Advantage shareholders will own approximately 84% of the combined company.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of First Advantage Corporation - FA

ATLANTA, April 23, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity and verification solutions, today shared findings from its 2024 Global Trends Report. The latest edition of the proprietary research is the Company's most comprehensive yet, offering a worldwide perspective based on over 100 million anonymized screening data records and hundreds of survey responses from First Advantage customers.

First Advantage Releases 2024 Global Trends Report

ATLANTA, March 11, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, today announced the availability of its next-gen RightID™ identity fraud solution for U.S. employers, building on the success seen in expanding its digital identity solutions internationally in countries such as the U.K., India, Australia, and Canada. Designed to flag inconsistencies in a job applicant's identity, RightID leverages responsible generative AI and machine learning to help recognize potential errors in identity information submitted, or even potentially fraudulent or false identity information, when intaking new applicants in real-time.

First Advantage Introduces Next-Gen RightID™ to Detect Job Applicant Fraud in Pre-Hire Process

First Advantage Corporation (FA) Q4 2023 Earnings Call Transcript

Sterling Check Corp

First Advantage and Sterling both reported revenue declines and earnings misses, but the news was overshadowed by their plans to merge. The combination would help both better deal with a slowdown in hiring, but there are likely to be antitrust concerns.

Why Sterling Check Is Soaring and First Advantage Stock Is Falling Today

Background screening services provider First Advantage will buy rival Sterling Check in a cash-and-stock deal valued at $2.2 billion, the company said on Thursday.

News for First Advantage Corp Stock (FA)