Welcome to our dedicated page for Hireright Holdings Corporation news (Ticker: HRT), a resource for investors and traders seeking the latest updates and insights on Hireright Holdings Corporation stock.
HireRight Holdings Corporation (HRT) delivers global background screening and employment verification solutions that help organizations mitigate hiring risks. This page provides centralized access to official news and developments impacting the company’s role in workforce compliance technology.
Investors and HR professionals will find timely updates including quarterly earnings reports, regulatory compliance announcements, and strategic partnership details. All content is sourced directly from verified corporate communications to ensure accuracy.
The news archive covers essential developments in employment screening technology, international compliance standards, and service expansions. Regular updates reflect HRT’s evolving solutions for industries requiring rigorous candidate vetting, from healthcare to financial services.
Bookmark this page to stay informed about operational milestones, leadership updates, and innovations in automated background checks. Check regularly for objective reporting on how HireRight addresses modern hiring challenges through technology-driven verification services.
HireRight Holdings , a global leader in background screening services, announced the completion of its acquisition by investment funds affiliated with General Atlantic and Stone Point Capital. The all-cash merger transaction values HireRight at approximately $1.7 billion, with shareholders receiving $14.35 per share. The transaction was approved during a Special Meeting of Stockholders on June 21, 2024. As a result, HireRight’s common stock has ceased trading on the New York Stock Exchange.
HireRight Holdings (NYSE: HRT) reported its first quarter 2024 financial results, with revenues at $173.2 million and a net loss of $3.3 million. The company also highlighted an adjusted EBITDA of $40.3 million and diluted loss per share of $0.05. HireRight President and CEO Guy Abramo expressed satisfaction with the performance, focusing on margin expansion and customer satisfaction.
Despite the net loss, HireRight remains optimistic about its long-term growth prospects, emphasizing its unique compliance solution and ability to attract new global customers. The company maintains a strong liquidity position with $236.0 million in capital available as of March 31, 2024.
