First Advantage Corp. Stock News

Maintain a hold rating on First Advantage due to ongoing macroeconomic uncertainties and increased leverage post-merger with STER. Despite the larger scale of the merger, the growth outlook remains unchanged, with continued poor base revenue and hiring demand. The combined entity's balance sheet is now highly leveraged, raising concerns about liquidity if the negative macro backdrop persists.

First Advantage Corporation's acquisition of Sterling Check led to a leveraged balance sheet and overvalued shares, impacting capital returns negatively. The company aims to integrate Sterling, achieve cost synergies, and focus on deleveraging to improve financial stability and future growth prospects. Despite strong industry positioning, high leverage and limited capital returns make First Adv...

First Advantage Corporation (NASDAQ:FA ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Outgoing Chief Financial Officer Steven Marks - Chief Financial Officer Conference Call Participants Shlomo Rosenbaum - Stifel Andrew Steinerman - JPMorgan Andrew...

Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling

ATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening, identity, and verification solutions, today announced the Company's management team will host investor meetings and speak at the following investor conferences in November:

ATLANTA, Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening, identity, and verification solutions, today announced that it has completed its acquisition of Sterling Check Corp. (the “transaction”). Valued at $2.2 billion, including the assumption of Sterling's outstanding debt, the acquisition combines industry...

ATLANTA, Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, will issue its third quarter 2024 financial results on Tuesday, November 12, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day.

ATLANTA and INDEPENDENCE, Ohio, Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA) and Sterling Check Corp. (NASDAQ:STER) today announced that the deadline for (i) record holders of vested shares of Sterling common stock and (ii) eligible holders of Sterling common stock equivalents (Sterling common stock equivalents is defined as “Company Common Stock Equivalents” in the...