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Mar 31, 2023
First Advantage Q1 2023 Earnings Report
First Advantage reported first quarter results, generating revenues of $175.5 million and a net income of $1.9 million.
Key Takeaways
First Advantage reported first quarter results, generating revenues of $175.5 million and a net income of $1.9 million. The company reaffirmed its full-year 2023 guidance, expecting revenues of $770 million to $810 million, Adjusted EBITDA of $240 million to $255 million, Adjusted Net Income of $145 million to $155 million, and Adjusted Diluted Earnings Per Share of $1.00 to $1.07.
Generated Revenues of $175.5 million; Constant Currency Revenues were $177.7 million
Delivered Net Income of $1.9 million; Adjusted Net Income was $28.4 million
Produced Adjusted EBITDA of $48.6 million; Constant Currency Adjusted EBITDA was $49.1 million
Realized GAAP diluted net income per share of $0.01; Adjusted Diluted EPS was $0.19
Forward Guidance
The full-year 2023 guidance ranges are unchanged. The Company expects Revenues of $770 million to $810 million, Adjusted EBITDA of $240 million to $255 million, Adjusted Net Income of $145 million to $155 million, and Adjusted Diluted Earnings Per Share of $1.00 to $1.07
Historical Earnings Impact
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Avg. Return Before/After Earnings
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