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) has successfully completed the acquisitions of Corporate Screening Services, Inc. and MultiLatin Advisors, S.A. de C.V. This strategic move enhances First Advantage's expertise in healthcare and higher education screening and expands its international footprint in the compliance solutions market. CEO Scott Staples expressed optimism about these acquisitions, highlighting their alignment with capital allocation priorities and the potential for accelerated product innovation and market growth.
First Advantage Corporation (NASDAQ: FA) announced a secondary offering of 15,000,000 shares at $20.00 per share, conducted by certain stockholders, including Silver Lake Group affiliates. A 30-day underwriter option for an additional 2,250,000 shares is included. The offering, set to close on November 15, 2021, will not involve any shares from First Advantage, meaning proceeds will go entirely to the selling stockholders. Barclays and BofA Securities lead the offering, which is registered with the SEC.
First Advantage (NASDAQ: FA) announced a secondary offering of 15,000,000 shares from certain stockholders, including affiliates of Silver Lake Group. The underwriters, Barclays and BofA Securities, hold a 30-day option to buy an additional 2,250,000 shares. This offering will not involve any stock sold by First Advantage. Proceeds will go directly to the selling stockholders. A preliminary registration statement has been filed with the SEC, but it is not yet effective. The offering is subject to typical regulatory conditions.
The Real Brokerage Inc. has appointed Katharine Mobley as its new Chief Marketing Officer. With over 20 years of experience in strategic marketing, Mobley will drive brand awareness, enhance agent visibility, and lead investor relations. Her background includes leading global marketing at First Advantage and managing accounts for Fortune 500 companies. Mobley aims to expand Real's footprint in the competitive real estate market, leveraging technology to create growth opportunities. Co-founder and CEO Tamir Poleg expressed confidence in Mobley’s ability to enhance the company's brand and culture.
First Advantage Corporation (NASDAQ: FA) reported a strong third quarter 2021 with revenues of $192.9 million, up 41.0% from the previous year. The company achieved a net income of $16.3 million, a significant turnaround from a net loss of $3.5 million. Adjusted EBITDA rose to $63.9 million, reflecting a 47.7% increase. Full-year guidance for revenues was raised to $680-$686 million.
Additionally, two acquisitions were announced, enhancing First Advantage's market position.
First Advantage Corporation (NASDAQ: FA) announced its acquisition of Corporate Screening Services and MultiLatin Advisors, enhancing its healthcare and higher education solutions. This transaction aims to augment vertical expertise, product innovation, and international expansion, especially in Latin America. The all-cash deals are expected to close in Q4 2021. Scott Staples, CEO of First Advantage, emphasized the strategic importance of these acquisitions, which will strengthen the company’s offerings and customer base, leveraging the experienced leadership teams from both organizations.
First Advantage Corporation (NASDAQ: FA) announced its upcoming participation in two virtual investor events. The company will present at the RBC Capital Markets Global Technology Conference on November 16, 2021, at 11:20 am ET, and at the J.P. Morgan Ultimate Services Investor Conference on November 18, 2021, at 1:50 pm ET. Live webcasts and recordings of these presentations will be accessible via their investor relations website. First Advantage focuses on technology solutions for screening, verifications, safety, and compliance, serving over 30,000 clients worldwide.
First Advantage (NASDAQ: FA) will announce its Q3 2021 financial results on November 8, 2021, prior to a conference call scheduled for 8:30 a.m. ET. This call will be accessible via phone and webcast, with details provided for both domestic and international participants. First Advantage is a leader in technology solutions for screening and compliance, serving over 30,000 customers globally across more than 200 countries. The company aims to help clients manage risks and enhance their hiring processes through its innovative technology.
First Advantage Corporation (NASDAQ: FA) announced key leadership changes with Douglas Nairne appointed as Chief Operations Officer – International and Victor Sachs as Senior Vice President, Customer Care – Americas. Nairne brings over 20 years of experience in background screening and verifications, previously serving as CEO of Dataflow Group. Sachs has extensive experience in customer experience technology, with a background in notable technology firms like Salesforce and Dell. These appointments aim to enhance customer experience and support the company's growth globally.
First Advantage (NASDAQ: FA) will host a webinar titled “Federal and State ACA Regulations Simplified” on October 19, 2021, at 1:00 p.m. ET. The session, led by Tax Director Rebekah Braselton-Denmark and Director of Government Relations Jess LeDonne, aims to clarify the evolving Affordable Care Act (ACA) stipulations and state-level requirements. Participants will gain insights on key details, deadlines, and best practices for navigating the complexities of ACA regulations under the current administration.
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?
