First advantage reports first quarter 2024 results
First quarter 2024 highlights¹ revenues of $169.4 million net loss of $(2.9) million, after $11.1 million of costs related to the acquisition of sterling check corp. (“sterling”) adjusted net income of $24.8 million adjusted ebitda of $46.6 million gaap diluted net loss per share of $(0.02), after $0.08 per share of costs related to the acquisition of sterling adjusted diluted earnings per share of $0.17 cash flows from operations of $38.3 million acquisition of sterling, announced on february 29, 2024, continues to progress towards closing. reaffirming standalone first advantage full-year 2024 guidance reaffirming 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 $0.98² atlanta, may 09, 2024 (globe newswire) -- first advantage corporation (nasdaq: fa), a leading provider of employment background screening, identity, and verification solutions, today announced financial results for the first quarter ended march 31, 2024.
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