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AI brief of an SEC Form 8-K · First Advantage (FA)

First Advantage CFO David Gamsey to retire; Q2 net income falls 81% to $1.9 million

Negative Impact 4 of 5 leadership Written later

First Advantage reported second-quarter 2024 revenue of $184.5 million, down 0.4% from a year earlier, and net income of $1.9 million, down 81%, which includes $9.2 million of expenses tied to the pending Sterling Check Corp. acquisition. The company reaffirmed its full-year 2024 guidance, while CFO David Gamsey announced his retirement and Chief Accounting Officer Steven Marks was named his successor effective November 8, 2024.

Key points

  • Q2 2024 revenue was $184.5 million, versus $185.3 million in Q2 2023; adjusted EBITDA was $55.8 million, flat year over year.
  • Net income was $1.9 million, or $0.01 per diluted share, versus $9.8 million, or $0.07 per share, a year earlier.
  • Adjusted diluted EPS was $0.21, versus $0.24 in the prior-year quarter.
  • Full-year 2024 guidance was reaffirmed: revenue of $750 million to $800 million and adjusted EBITDA of $228 million to $248 million.

The filing

CompanyFirst Advantage (FA)
Form8-K, current report
Filed with the SECAug 8, 2024, 6:39 AM ET
Accession number0000950170-24-093275

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.