First Advantage Corporation announced its financial results for the first quarter ended March 31, 2025, on May 8, 2025. The company reported revenues of $354.6 million, a significant increase of 109% year-over-year. Adjusted EBITDA reached $92.1 million, with an Adjusted EBITDA Margin of 26.0%, and Adjusted Diluted Earnings Per Share was $0.17.
CEO Scott Staples noted that the company delivered solid financial performance, exceeding expectations, with strong traction in upsell, cross-sell, and new logos. He highlighted that the integration and synergy generation efforts from the Sterling acquisition are advancing ahead of schedule, with $37 million in run-rate cost synergies actioned towards a $60 million to $70 million objective.
First Advantage reaffirmed its full-year 2025 guidance, projecting revenues between $1.5 billion and $1.6 billion, Adjusted EBITDA of $410 million to $450 million, and Adjusted Diluted EPS of $0.86 to $1.03. The company remains focused on integration plan execution, customer retention, synergy realization, and net leverage reduction.
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