First Advantage reports Q3 adjusted EPS 30c, consensus 28c

Reports Q3 revenue $409.2M, consensus $403.72M. “We delivered another quarter of profitable growth through continuing go-to-market success in new logo and upsell/cross-sell, demonstrating our ability to perform amid the current uncertain macroeconomic environment in which hiring growth has been consistently flat. Our strategy of diversified exposure across verticals and geographies supported our results with strong momentum in our retail & e-commerce and transportation & logistics verticals, and for the sixth quarter in a row, our International business has achieved year-over-year revenue growth,” said CEO Scott Staples. “…Looking ahead, we remain focused on executing on our strategy to increase share across our targeted verticals, accelerate international growth, and deliver on our best-of-breed product and platform approach”.