Welcome to our dedicated page for Sterling Check news (Ticker: STER), a resource for investors and traders seeking the latest updates and insights on Sterling Check stock.
Sterling Check Corp. (STER) provides essential background screening and identity verification services that power secure, compliant workplaces worldwide. This news hub offers investors and professionals direct access to official announcements, financial updates, and strategic developments from the industry-leading risk management provider.
Track critical updates including quarterly earnings reports, technology innovations in digital verification, regulatory compliance changes, and strategic partnerships. Our curated collection ensures timely access to information impacting STER's market position and service offerings.
Discover press releases detailing new client acquisitions, expansion of global screening capabilities, and advancements in AI-driven identity verification. The archive serves as a vital resource for understanding STER's role in shaping workforce safety standards and corporate due diligence practices.
Bookmark this page for streamlined monitoring of Sterling Check Corp's operational milestones and industry leadership in building trusted environments through tech-enabled compliance solutions.
Sterling Check Corp. (NASDAQ: STER) announced it will release its financial results for Q1 FY2023 on May 9, 2023, before market opening. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss these results. Participants can dial 1-844-200-6205 (U.S.) or +1-929-526-1599 (international) for access. The company, a global leader in technology-enabled background and identity verification services, served over 50,000 clients and conducted more than 110 million searches in 2022. For more information, visit the investor relations website.
Sterling Check Corp. (NASDAQ: STER) announced record financial results for 2022, achieving a 19.5% revenue increase to $766.8 million, driven by organic growth from new clients and acquisitions. GAAP net income reached $19.4 million, a turnaround from a loss of ($18.5 million) in 2021. Adjusted EBITDA rose 10.8% to $198.5 million, despite a decrease in adjusted EBITDA margin to 25.9%. In Q4, revenues fell 2.1% to $169.9 million, impacted by macroeconomic factors. The company enhanced its capital structure with a $700 million credit facility and announced two acquisitions, Socrates and A-Check Global, boosting growth prospects.
Sterling Check Corp. (NASDAQ: STER) has announced its acquisition of A-Check Global, aimed at enhancing its offerings in key U.S. sectors, including Healthcare, Industrials, and TechMedia. This all-cash transaction is part of Sterling's strategy to boost organic revenue growth through M&A, expected to be synergistic and accretive to adjusted earnings in 2023. A-Check Global, part of the ActOne Group, will continue to provide exceptional support to its clients, leveraging Sterling’s extensive market expertise and tech-enabled services. The deal aligns with Sterling's commitment to delivering quality background screening and identity services.
Sterling Check Corp. (NASDAQ: STER) will release its fourth quarter fiscal year 2022 financial results on March 2, 2023, prior to market opening. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss these results. Dial-in details include 1-844-200-6205 for U.S. calls and +1-929-526-1599 for international participants, using conference code 673805. The conference call will also be available via a live audio webcast on Sterling’s investor relations website, where a replay will be accessible until March 16, 2023.
Sterling Check Corp. (NASDAQ: STER) announced the acquisition of Socrates Ltd., the largest independent screening company in Latin America, enhancing its global presence to address growing hiring demands in the region. CEO Josh Peirez emphasized the strategic alignment between Sterling’s mission and Socrates’ operational model. Founded in 2003, Socrates operates in Brazil, Colombia, and Mexico, providing a range of background screening services. This acquisition is part of Sterling's ongoing growth strategy, funded entirely with cash on hand.
