NASDAQ$FA
First Advantage Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
First Advantage's third quarter 2024 results were announced, including the completion of Sterling acquisition and maintained standalone full-year guidance and issued combined company guidance including Sterling.
First Advantage reported revenues of $199.1 million and a net loss of $(8.9) million for the third quarter of 2024. The company's adjusted EBITDA was $64.0 million with a margin of 32.2%. They closed the acquisition of Sterling on October 31, 2024, and are maintaining standalone full-year 2024 guidance while issuing combined company guidance including Sterling.
- Revenues reached $199.1 million.
- Net Loss was $(8.9) million, including $13.2 million of expenses related to the Sterling acquisition.
- Adjusted EBITDA stood at $64.0 million with a margin of 32.2%.
- Adjusted Diluted Earnings Per Share was $0.26.
Headline financials
Revenue & EPS history
First Advantage · Revenue · Quarterly
$199M
Forward guidance
First Advantage is maintaining its full-year 2024 standalone guidance and issuing new guidance to include Sterling for November and December, including the benefits of actioned synergies and the estimated capital structure impacts of the transaction.
Tailwinds
- Maintaining standalone full-year 2024 guidance ranges for Revenues of $750 million to $800 million.
- Maintaining standalone full-year 2024 guidance ranges for Adjusted EBITDA of $228 million to $248 million.
- Maintaining standalone full-year 2024 guidance ranges for Adjusted Net Income of $127 million to $142 million.
- Maintaining standalone full-year 2024 guidance ranges for Adjusted Diluted Earnings Per Share of $0.88 to $0.98.
- Issuing combined company full-year 2024 guidance, including the impacts of Sterling results for November and December 2024.
Headwinds
- Combined company full-year 2024 guidance has ranges for Revenues of $858 million to $918 million.
- Combined company full-year 2024 guidance has ranges for Adjusted EBITDA of $250 million to $274 million.
- Combined company full-year 2024 guidance has ranges for Adjusted Net Income of $122 million to $140 million.
- Combined company full-year 2024 guidance has ranges for Adjusted Diluted Earnings Per Share of $0.83 to $0.95.
- Actual results may differ materially from First Advantage’s full-year 2024 guidance as a result of various factors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+7.9%
Avg return
Earnings day
+6.8%
Avg return
5 days after
+7.3%
Avg return
30 days after
76%
19 / 25 earnings
Positive
+23.0%
Q1 2026
Best reaction
-12.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.0% | +21.3% | +24.1% | |
| Q4 2025 | +22.8% | +24.3% | +17.1% | |
| Q3 2025 | +6.8% | +2.8% | +7.0% | |
| Q1 2025 | +19.0% | +19.1% | +21.4% | |
| Q4 2024 | -12.4% | -25.7% | -25.0% | |
| Q3 2024 | -3.0% | -5.8% | +5.2% | |
| Q2 2024 | +3.2% | +5.0% | +15.1% | |
| Q1 2024 | -1.5% | -0.7% | +1.4% | |
| Q4 2023 | -6.1% | -4.6% | -3.7% | |
| Q3 2023 | +2.2% | +5.2% | +17.4% | |
| Q2 2023 | +6.4% | +7.1% | -8.3% | |
| Q1 2023 | +0.2% | +4.8% | +9.5% | |
| Q4 2022 | +1.4% | +2.7% | +4.1% | |
| Q3 2022 | +11.6% | +18.4% | +29.3% | |
| Q2 2022 | -2.8% | +2.5% | -3.0% | |
| Q1 2022 | -5.4% | -1.9% | -9.4% | |
| Q4 2019 | +10.4% | +11.0% | +1.2% | |
| Q4 2021 | +10.4% | +11.0% | +1.2% | |
| Q3 2021 | +3.3% | -4.9% | -15.2% | |
| Q3 2020 | +3.3% | -4.9% | -15.2% | |
| Q4 2020 | +20.9% | +16.5% | +21.9% | |
| Q1 2021 | +20.9% | +16.5% | +21.9% | |
| Q2 2020 | +20.9% | +16.5% | +21.9% | |
| Q2 2021 | +20.9% | +16.5% | +21.9% | |
| Q1 2020 | +20.9% | +16.5% | +21.9% |
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