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. (NASDAQ: STER) is a global provider of technology-enabled background screening and identity services. News about Sterling often focuses on its financial performance, acquisitions, geographic expansion, and partnerships that affect how employers use background and identity verification in their hiring and workforce programs.
Recent company news has included quarterly and annual financial results, where Sterling discusses revenue trends, organic and inorganic growth, base business performance, and non-GAAP measures such as Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow. These updates provide insight into how the company’s background and identity services business is performing and how acquisitions contribute to its results.
Sterling’s news flow also covers strategic transactions and corporate developments. The company has announced a definitive agreement to combine with First Advantage Corporation, a proposed merger that is subject to various conditions and approvals. In addition, Sterling has reported acquisitions such as Vault Workforce Screening, which expands its drug and health testing capabilities, and has discussed the integration of earlier acquisitions like Socrates and A-Check Global.
Operational and regional updates are another key theme. Sterling has highlighted brand alignment and technology enhancements in the Asia Pacific region, including the rebranding of Sterling RISQ to Sterling and the strengthening of global screening capabilities with local expertise. The company has also announced partnerships, such as being selected as the preferred background screening partner for Fountain, integrating Sterling’s screening and identity verification services with a hiring platform used in high-volume industries.
Investors and other readers who follow STER news can use this page to review earnings releases, acquisition announcements, regional expansion updates, board and governance changes, and partnership news that shape Sterling’s position in the background and identity services market.
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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.