First Advantage reports Q2 adjusted EPS 24c, consensus 23c

Reports Q revenue $185.3M, consensus $183.73M. “We achieved Q2 Revenues and Adjusted EBITDA results in-line with the expectations we communicated during our first quarter 2023 earnings conference call and delivered sequential improvement, with the Americas segment holding up relatively well given overall market conditions. Our ability to cross-sell and upsell solutions along with our flexible cost structure contributed to strong industry-leading Adjusted EBITDA Margins of 30.2% and robust operating cash flow of $33.1M in the Q2. Our well-capitalized balance sheet allows us to continue to invest in market-leading solutions that enable our customers to hire smarter and onboard faster,” said Scott Staples, CEO.