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Dec 31, 2022
First Advantage Q4 2022 Earnings Report
First Advantage reported flat revenue growth and increased net income in Q4 2022.
Key Takeaways
First Advantage Corporation reported flat revenue growth for the fourth quarter of 2022, with a slight increase on a constant currency basis. Net income saw a significant increase compared to the prior year. The company achieved a higher Adjusted EBITDA margin and generated substantial cash flow from operations.
Revenue was $212.6 million.
Net income was $20.1 million.
Adjusted EBITDA was $70.3 million.
Cash flow from operations reached $70.0 million.
First Advantage
First Advantage
Forward Guidance
First Advantage introduced full year 2023 guidance ranges for 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