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 a $700 million refinancing of its credit facility and a $100 million share repurchase program aimed at enhancing financial flexibility. The new five-year credit facility will reduce annual interest expenses while extending debt maturities to November 2027. The share buyback program is set to utilize existing cash and future free cash flow, reflecting management's confidence in long-term growth. This strategic capital allocation aims to optimize shareholder returns and support organic revenue growth as well as potential acquisitions.
Sterling Check Corp. (NASDAQ: STER) will participate in the J.P. Morgan Ultimate Services Investor Conference on November 17, 2022. CEO Josh Peirez and CFO Peter Walker are scheduled for a fireside chat at approximately 2:55 PM ET, where they will engage with investors. Interested parties can view the live webcast here. An archive will be accessible on Sterling's investor relations website.
Sterling Check Corp. (NASDAQ: STER) reported a 17.5% revenue increase for Q3 2022, totaling $199.3 million, buoyed by 12.4% organic growth. The net income turned positive at $9.3 million or $0.09 per share, a notable recovery from a net loss of $(25.3) million in the prior year. Despite a 3.5% increase in Adjusted EBITDA to $53.1 million, the Adjusted EBITDA Margin decreased by 370 basis points to 26.6%. The company also announced a partnership with Yoti to bolster its identity verification services.
Sterling (NASDAQ: STER) has partnered with Yoti to enhance the hiring process through a unique digital identity verification workflow across EMEA and APAC. This collaboration aims to streamline pre-employment checks and improve background screening accuracy. The partnership allows candidates to create secure, reusable digital identities, simplifying the hiring experience by enabling identity verification before other checks. Starting in 2023, this initiative will commence in the UK, promoting privacy-centric identity solutions.
Sterling Check Corp. (NASDAQ: STER) is set to release its third-quarter financial results for fiscal year 2022 on November 9, 2022, before the market opens. A conference call will follow at 8:30 a.m. ET to discuss the results. Participants can join the call by dialing 1-844-200-6205 (U.S.) or +1-929-526-1599 (international) using conference code 450156. A live audio webcast will be available on Sterling's investor relations website.
Sterling provides technology-enabled background and identity verification services to over 50,000 clients globally, performing over 95 million searches in 2021.
Sterling Check Corp. (NASDAQ: STER) reported a strong second quarter for 2022 with revenues of $205.6 million, a 29.0% year-over-year increase. Organic constant currency revenue growth was 22.8%. GAAP net income rose to $11.6 million ($0.12 per diluted share), up from $3.4 million ($0.04) last year. Adjusted EBITDA also increased by 20.1% to $56.5 million. The company revised its full-year guidance higher, projecting revenue between $785 million to $795 million and adjusted EBITDA of $214 million to $220 million.
Sterling Check Corp. (NASDAQ: STER), a leader in technology-enabled background and identity verification, announced CEO Josh Peirez and CFO Peter Walker will attend several investor conferences in June 2022. They will present at the Baird 2022 Global Consumer, Technology & Services Conference on June 7 at 12:50 PM ET and at the Stifel 2022 Cross Sector Insight Conference on June 8 at 3:00 PM ET. CFO Walker will also present at the William Blair 42nd Annual Growth Stock Conference on June 9 at 8:00 AM CT. Sterling, serving over 50,000 clients, conducted over 95 million searches in 2021.
Sterling Check Corp. (NASDAQ: STER) is set to release its second-quarter financial results for fiscal year 2022 on August 9, 2022, before market opening. A conference call will follow at 8:30 a.m. Eastern Time to discuss these results, and participants can join via phone or web. Sterling provides technology-enabled background and identity verification services to over 50,000 clients globally, conducting more than 95 million searches in the previous year. Detailed information and presentation materials will be accessible on its investor relations website.
Sterling Check Corp. (NASDAQ: STER) reported a robust 37.7% revenue increase in Q1 2022, reaching $192.0 million, driven by 30.4% organic growth. GAAP net income surged to $6.2 million ($0.06/share), up from $0.6 million ($0.01/share) last year. Adjusted EBITDA rose by 29.4% to $47.6 million, although margins decreased by 159 bps to 24.8%. The company updated its 2022 financial guidance, projecting revenue between $770 million and $780 million. CEO Josh Peirez expressed optimism about continual growth and client retention through innovative solutions.
Sterling Check Corp. (NASDAQ: STER) announced it will release its financial results for Q1 FY 2022 on May 10, 2022, before the market opens. A conference call will follow at 8:30 a.m. Eastern Time to discuss the results.
Participants can join the call by dialing specific numbers and using the conference code 352288. A live audio webcast will also be available on Sterling’s investor relations website.
Sterling provides technology-enabled background and identity verification services, performing over 95 million background checks annually for over 50,000 clients.
