First Advantage (FA) Q2 2026 Earnings Call Transcript

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DATE

Thursday, Aug. 6, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Vice President of Investor Relations - Stephanie Gorman

• Chief Executive Officer - Scott Staples

• President - Joelle Smith

• Chief Financial Officer - Steven Marks

Full Conference Call Transcript

Operator: Good morning, everyone. My sanction is Bo, and I volition beryllium your league relation today. I would similar to invited you to the First Advantage Second Quarter 2026 Earnings Conference Call and Webcast. Hosting the telephone contiguous from First Advantage is Ms. Stephanie Gorman, Vice President of Investor Relations. is being recorded. [Operator Instructions] It is present my pleasance to crook the telephone implicit to Ms. Stephanie Gorman. Please spell ahead, ma'am.

Stephanie Gorman: Thank you, Bo. Good morning, everyone, and invited to First Advantage's Second Quarter 2026 Earnings Conference Call. In the Investors conception of our website, you volition find the net property merchandise and descent presumption to travel today's discussion. This webcast is being recorded and volition beryllium disposable for replay connected our Investor Relations website. Before we statesman our prepared remarks, I would similar to punctual everyone that our treatment contiguous volition see forward-looking statements. Such forward-looking statements are not guarantees of aboriginal performance. Actual results whitethorn disagree materially from those expressed oregon implied successful the forward-looking statements owed to a assortment of factors.

These factors are discussed successful much item successful our filings with the SEC, including our 2025 Form 10-K and our Form 10-Q for the 2nd 4th of 2026 to beryllium filed with the SEC. Such factors whitethorn beryllium updated from clip to clip successful our periodic filings with the SEC, and we bash not undertake immoderate work to update forward-looking statements. Throughout this league call, we volition besides contiguous and sermon non-GAAP fiscal measures. Reconciliations of our non-GAAP fiscal measures to their astir straight comparable GAAP fiscal measures to the grade disposable without unreasonable efforts look successful today's net property merchandise and presentation, which are disposable connected our Investor Relations website.

I americium joined connected our telephone contiguous by Scott Staples, our Chief Executive Officer; Joelle Smith, our President; and Steven Marks, our Chief Financial Officer. After our prepared remarks, we volition instrumentality your questions. I volition present crook the telephone implicit to Scott.

Scott Staples: Thank you, Stephanie, and bully morning, everyone. Thank you for joining our call. Today, we person 4 cardinal messages. First, we delivered outstanding results successful the 2nd 4th with gross maturation of 15% year-over-year, adjusted EBITDA margins of 28.6% and adjusted diluted EPS maturation of 30% year-over-year, meaningfully outperforming our antecedently communicated expectations. These results bespeak the spot of our go-to-market performance, our state-of-the-art AI-driven proprietary exertion level and the durability of our divers endeavor lawsuit basal and vertical mix. Second, we are making beardown advancement connected our FA 5.0 maturation strategy.