Welcome to our dedicated page for First Advantage Corporation news (Ticker: FA), a resource for investors and traders seeking the latest updates and insights on First Advantage Corporation stock.
First Advantage Corporation (NASDAQ: FA) is a premier global provider of employment background screening and verification solutions. With headquarters in Atlanta, Georgia, the company operates in over 200 countries and territories, leveraging advanced technology and a robust global infrastructure. The company's core mission is to help employers and housing providers make informed decisions, reduce risks, and ensure compliance.
The company operates through two main segments: Americas, which caters to the United States, Canada, and Latin America, and International, covering markets outside of the Americas. First Advantage offers a diverse suite of services that include background checks, employment verifications, identity checks, and compliance services. These solutions are critical for customers in industries such as healthcare, retail, e-commerce, transportation, manufacturing, and financial services.
First Advantage's technology solutions are designed to streamline the hiring process, making it faster and more reliable. Their innovative tools include RightID for identity fraud detection, which utilizes liveness detection and document validation to combat the growing issue of applicant fraud. The company's comprehensive approach ensures employers can maintain safety and trust while reducing onboarding costs.
In recent developments, First Advantage announced the acquisition of Sterling Check Corp., a move that is expected to enhance its service portfolio and client base. The transaction, valued at approximately $2.2 billion, will enable First Advantage to offer more innovative solutions and expand its market reach. This acquisition underscores the company's commitment to growth and innovation, positioning it for long-term success.
Financially, First Advantage has shown robust performance, highlighted by strategic investments and share repurchase programs. The company continues to demonstrate strong margins, healthy cash flow, and a balanced capital allocation strategy. Recent achievements include the completion of the third-quarter 2023 earnings call, where the company reported significant progress and future plans.
For detailed information on First Advantage's products, services, and latest news, visit their website. Stay updated with their latest developments and financial performance on the Investor Relations page.
First Advantage Corporation (NASDAQ: FA) reported third quarter 2022 revenue of $206.0 million, a 6.8% increase year-over-year. Net income rose to $17.2 million, up 5.7%. Adjusted EBITDA increased to $64.2 million, a modest 0.4% growth. Cash flow from operations surged 67.2% to $46.4 million, with cash and equivalents at $390.3 million. Despite growth, the company revised full-year 2022 guidance lower, expecting 14%-15% revenue growth due to foreign currency headwinds. A share repurchase program has been increased by $100 million through 2023.
First Advantage Corporation (NASDAQ: FA) will release its third quarter 2022 financial results on November 8, 2022, ahead of its earnings conference call at 8:30 a.m. EST. Participants can join by dialing (800) 225-9448 for domestic and (203) 518-9783 for international calls. The call will also be accessible via a live webcast on the Company’s investor relations website, where a replay will be available afterward. First Advantage, a leading HR technology provider, supports over 33,000 customers in more than 200 countries with solutions for screening, verifications, and compliance.
First Advantage Corporation has announced the opening of a new office in Kraków, Poland, enhancing its global presence. This move aims to tap into the region's tech talent and support its commitment to innovative HR technology solutions. Currently, the company is hiring for various positions, including technology and customer care roles. CEO Scott Staples expressed excitement about the expansion, which aligns with the company's strategy to improve customer experiences and streamline hiring processes. First Advantage operates in 19 countries with a strong client base.
First Advantage Corporation (NASDAQ: FA) announced its participation in key investor events, highlighting its leadership in HR technology solutions. The events include the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, where CEO Scott Staples and CFO David Gamsey will present at 8:45 a.m. ET. Additionally, management will engage in meetings at Citi’s 2022 Global Technology Conference on September 9 and Barclays Global Financial Services Conference on September 13. First Advantage serves over 33,000 customers globally, screening in over 200 countries.
First Advantage Corporation (NASDAQ: FA) reported strong financial results for Q2 2022, with revenues of $201.6 million, marking a 15.3% increase year-over-year. Net income surged to $14.2 million, a 277.6% rise compared to the previous year. The company announced a $50 million share repurchase program and increased its full-year revenue guidance to $823-$835 million. Adjusted EBITDA rose 8.0% to $60.8 million. Despite economic challenges such as inflation, First Advantage remains optimistic about long-term growth driven by a resilient job market.
First Advantage Corporation (NASDAQ: FA) announced a new integration with Plaid, enhancing background screening for employers and applicants. This collaboration enables near-instant verification of current employment through Plaid's API, streamlining the process and providing faster results across devices. CEO Scott Staples highlighted that this innovation allows customers to hire efficiently and onboard quickly. First Advantage serves over 33,000 customers globally, providing technology solutions for screening, verifications, and compliance.
First Advantage Corporation (NASDAQ: FA) will release its second quarter 2022 financial results on August 4, 2022, ahead of an 8:30 a.m. EDT earnings conference call. A new registration process for call participation will require participants to register at least 10 minutes before the call. The call will also be available via live webcast and replay on the company’s investor relations website. First Advantage is a global provider of technology solutions for screening, verifications, and compliance, serving over 33,000 customers in more than 200 countries.
First Advantage Corporation (NASDAQ: FA) announced the appointment of Bridgett Price as an independent director on its Board of Directors, now comprising eight members. With extensive experience in human resources across various sectors, Price aims to enhance the company's strategic approach to talent management and risk mitigation.
Price, the Global Human Resources Officer at Marriott International, has held executive roles and contributed significantly to transformational initiatives within Fortune 500 firms. Her expertise is expected to play a pivotal role as the company navigates the evolving job market.
First Advantage Corporation (NASDAQ: FA), a global leader in screening and verification technology, announced that CEO Scott Staples and CFO David Gamsey will present at the Stifel 2022 Cross Sector Insight Conference in Boston on June 9, 2022, at 11:30 a.m. EDT. This event will provide insights into the company's innovative solutions for managing human capital risks and improving hiring practices. Interested parties can access live webcasts and recordings through the company's investor relations website.
First Advantage Corporation (NASDAQ: FA) reported robust Q1 2022 results, achieving revenues of $189.9 million, a 43.8% increase year-over-year. The company shifted from a net loss of $(19.4) million to a net income of $13.0 million. Adjusted EBITDA rose 46.5% to $53.6 million. The firm announced an acquisition of Form I-9 Compliance, further expanding its capabilities. Full-year guidance was raised, with projected revenues of $820 to $835 million. Cash flow from operations reached $41.6 million and net debt stood at $257.1 million.
FAQ
What is the current stock price of First Advantage Corporation (FA)?
What is the market cap of First Advantage Corporation (FA)?
What does First Advantage Corporation do?
Where is First Advantage Corporation headquartered?
What are the main segments of First Advantage's operations?
What recent acquisition did First Advantage announce?
What innovative solutions does First Advantage offer?
How extensive is First Advantage's global reach?
What industries does First Advantage serve?
How can I get detailed financial information about First Advantage?
How does First Advantage help in reducing onboarding costs?
What recent financial performance highlights has First Advantage reported?
