First Advantage: Overview of Fourth Quarter Financial Results

First Advantage Corp. Announces Fourth Quarter Financial Results

First Advantage Corp., headquartered in Atlanta, revealed a net profit of $3.5 million for the fourth quarter.

The company reported earnings of $0.02 per share, while adjusted earnings—excluding one-time items—were $0.30 per share.

These figures surpassed analysts’ predictions, as the consensus from three Zacks Investment Research analysts was $0.26 per share.

First Advantage, known for its background screening services, generated $420 million in quarterly revenue, outperforming the anticipated $391.1 million from Zacks analysts.

For the full year, the company recorded a net loss of $34.8 million, or $0.20 per share, with total revenue reaching $1.57 billion.

Looking ahead, First Advantage forecasts annual earnings between $1.15 and $1.25 per share, with revenue projected to range from $1.63 billion to $1.7 billion.

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