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Mar 31, 2024
First Advantage Q1 2024 Earnings Report
Reported financial results for the first quarter ended March 31, 2024.
Key Takeaways
First Advantage reported revenues of $169.4 million and a net loss of $(2.9) million for Q1 2024. The company reaffirmed its full-year 2024 guidance. The acquisition of Sterling Check Corp. is progressing towards closing.
Revenues were $169.4 million.
Net loss was $(2.9) million, after $11.1 million of costs related to the acquisition of Sterling Check Corp.
Adjusted net income was $24.8 million.
Adjusted EBITDA was $46.6 million.
Forward Guidance
First Advantage reaffirmed its full-year 2024 guidance ranges for Revenues of $750 million to $800 million, Adjusted EBITDA of $228 million to $248 million, Adjusted Net Income of $127 million to $142 million, and Adjusted Diluted Earnings Per Share of $0.88 to $0.98.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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