First Advantage Corp

FA

Equity

ISIN US31846B1089 / Valor 111921638

NASDAQ (2024-12-26)

USD 18.91+1.45%

First Advantage Corp
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About company

First Advantage Corp is a leading provider of background check and screening solutions, catering to organizations worldwide. The company specializes in offering a comprehensive suite of services designed to facilitate smarter hiring and faster onboarding processes. These services include, but are not limited to, criminal record searches, drug testing, Form I-9 compliance, and tax credit verification, all aimed at enhancing the quality and efficiency of talent acquisition. By leveraging advanced technology and automation, First Advantage strives to deliver actionable insights and streamline the review and assessment of applicant information, thereby supporting organizations in making informed hiring decisions. Additionally, the company emphasizes a positive applicant experience, recognizing the value each candidate brings to an organization.

Summarized from source with an LLMView SourceSector: Business Services

Revenue

First Advantage Corp reported revenues of $184.5 million for the second quarter of 2024, a slight decrease of 0.4% compared to the same period in 2023.

Net Income

The company achieved a net income of $1.9 million in Q2 2024, which represents a significant decline of 81.0% from the $9.8 million reported in Q2 2023. This includes $9.2 million of expenses related to the acquisition of Sterling Check Corp.

Adjusted EBITDA

First Advantage Corp's adjusted EBITDA for the second quarter of 2024 was $55.8 million, maintaining a stable adjusted EBITDA margin of 30.2%, consistent with the same quarter in the previous year.

Adjusted Net Income

For Q2 2024, the company reported an adjusted net income of $30.8 million, which is an 11.7% decrease from the $34.8 million reported in Q2 2023.

Cash Flow

First Advantage Corp generated $32.0 million in cash flows from operations during the second quarter of 2024. After adjusting for $8.7 million of cash costs related to the Sterling acquisition, the adjusted cash flows from operations would have been $40.7 million.

Summarized from source with an LLMView Source

Key figures

15.0%1Y

4.13%3Y

%5Y

Performance

25.5%1Y

37.0%3Y

39.0%5Y

Volatility