Welcome to our dedicated page for First Advantage news (Ticker: FA), a resource for investors and traders seeking the latest updates and insights on First Advantage 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) 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.
First Advantage Corporation (NASDAQ: FA) announced management participation in two upcoming virtual investor events. The events include the Barclays’ Global Financial Services Conference on September 14, 2021, at 3:30 p.m. ET, and Citi’s 2021 Global Technology Virtual Conference on September 15, 2021. Live webcasts will be available for supported presentations, and replays can be accessed later on the company’s investor relations website. First Advantage is a global provider of technology solutions for screening and compliance, serving over 30,000 customers across more than 200 countries.
First Advantage (NASDAQ: FA) will co-present at the 2021 Marketplace Risk Management Conference on September 14-15, 2021. The sessions include "Creating a Culture of Safety in a Gig Economy" featuring Lyft's approach to continuous criminal monitoring, and a discussion on current trends and regulatory issues in background checks. The event will take place at Bespoke Events in San Francisco. First Advantage specializes in technology solutions for screening and compliance, helping organizations manage risk and enhance safety in the workplace.
First Advantage (NASDAQ: FA) will host two webinars focusing on drug screening amid increased opioid abuse during the pandemic. The first session, titled “In the Weeds on Today’s Drug Testing Landscape,” is scheduled for August 31, 2021, featuring insights from industry experts. The second session, “The New Future of Drug Screening,” will occur on September 23, 2021, showcasing advancements in virtual drug screening technology. Both webinars aim to assist employers in navigating drug testing challenges and are eligible for continuing education credits from SHRM and HRCI.
First Advantage Corporation (NASDAQ: FA) reported a 66.5% revenue increase to $174.8 million for Q2 2021, with net income of $3.8 million, reversing a $16.4 million loss from the previous year. Adjusted EBITDA rose 77.9% to $56.3 million. The company completed its IPO on June 25, 2021, raising approximately $316.5 million, primarily used to prepay $200 million in debt. Full-year 2021 revenue guidance is between $640 million and $650 million, with adjusted EBITDA projected at $186 million to $190 million.
First Advantage Corporation (NASDAQ: FA) will release its second-quarter financial results on August 12, 2021, at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET. Participants can join the call by dialing (877) 313-2269 domestically or (470) 495-9550 internationally. The call will also be available via webcast on the Company's investor relations website. First Advantage, a global provider of human capital technology solutions, operates in over 200 countries and services over 30,000 customers, offering tools for screening, verification, and compliance.
First Advantage (NASDAQ: FA) announced two upcoming webinars aimed at enhancing screening and hiring success in 2021. The first, titled “Integration Best Practices: Considerations for Success,” is scheduled for July 22 at 1:00 p.m. ET, focusing on Applicant Tracking System (ATS) and Application Programming Interface (API) integrations. The second webinar, on July 29, addresses driver screening strategies in the context of recent workforce challenges. Both sessions are designed to provide practical insights and are approved for continuing education credits.
First Advantage has successfully closed its upsized IPO, issuing 29,325,000 shares at $15.00 each, raising approximately $315.8 million net after expenses. The offering was increased by 20% and included shares sold by existing stockholders. The net proceeds will mainly be used to reduce outstanding debt and for general corporate purposes. Barclays, BofA Securities, and J.P. Morgan were the lead bookrunners for the offering. First Advantage trades on the Nasdaq under the symbol 'FA.'
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