First advantage reports third quarter 2023 results

Third quarter 2023 highlights 1 generated revenues of $200.4 million delivered net income of $10.8 million; adjusted net income was $40.0 million produced adjusted ebitda of $64.8 million realized gaap diluted net income per share of $0.07; adjusted diluted earnings per share was $0.28 achieved cash flows from operations of $34.4 million on august 31, 2023, paid a one-time special dividend of $1.50 per share, which represented a greater than 10% return of capital to shareholders on september 1, 2023, acquired infinite id, a u.s.-based digital identity solutions company for $41 million, funded with cash from the balance sheet board of directors approved a one-year extension of the existing share repurchase program, extending it through december 2024 2023 full-year guidance the company reiterates its full-year 2023 guidance ranges, expecting results at the low end of these ranges. this reflects the current hiring environment and expectations that existing macroeconomic conditions and similar labor market trends will continue through the end of fiscal year 2023.
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