Sterling Check Corp

Sterling Check Corp. engages in the provision of technology-enabled background and identity verification services. It offers hiring and risk management solution that begins with identity verification, followed by criminal background screening, credential verification, drug and health screening, processing of employee documentation required for onboarding and ongoing risk monitoring. The company was founded in 1975 and is headquartered in New York, NY.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Sterling Check Corp achieves record 2022 earnings, eyes growth opportunities

Sterling Check Corp delivered strong financial performance in 2022, with record revenues and successful acquisitions driving growth.
While facing challenges such as revenue contractions and margin pressures, the company remains focused on innovation and cost optimization.
Opportunities lie in revenue enhancement through pricing strategies, growth in identity verification services, and competitive market positioning.
With a resilient business model and strategic outlook, Sterling is poised for sustainable growth and market expansion in 2023 and beyond.

Sterling Check Corp meets Q1 expectations, eyes margin expansion

Sterling's Q1 2023 performance met expectations with revenue decline
Focus on organic growth, cost optimization, and M&A for future success
Challenges include base volume trends and delayed client timelines
Opportunities lie in margin expansion, international markets, and AI applications

Sterling Check Corp reports strong Q2 performance and eyes growth opportunities

Sterling Check Corp's Q2 performance reflects robust revenue growth and margin expansion, underpinned by cost optimization and strong client acquisition.
While facing challenges from macro conditions and base growth slowdown, the company's competitive advantages and strategic initiatives position it for long-term success.
Opportunities lie in the growth of identity solutions, cost savings, and revenue diversification, signaling a positive outlook for Sterling Check Corp's future growth.

Sterling Check Corp reports Q3 revenue challenges but eyes growth

Sterling Check Corp's Q3 performance showcased revenue challenges but strong cost management and organic growth.
The company's focus on innovation, cost optimization, and strategic partnerships positions it well for future growth.
While facing revenue declines and macro uncertainties, Sterling remains optimistic about long-term targets and opportunities for expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sterling Check Corp. engages in the provision of technology-enabled background and identity verification services. It offers hiring and risk management solutions that begin with identity verification, followed by criminal background screening, credential verification, drug and health screening, processing of employee documentation required for onboarding and ongoing risk monitoring. The company was founded in 1975 and is headquartered in Independence, OH.

Sterling Check Corp. (STER) CEO Joshua Peirez on Q4 2021 Results - Earnings Call Transcript

Fourth Quarter 2021 Revenue Growth of 35.1%; Organic Constant Currency Revenue Growth of 32.3%

Sterling Reports Record Fourth Quarter and Full Year 2021 Results

NEW YORK, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the fourth quarter of fiscal year 2021 before the market opens on Wednesday, March 2, 2022. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time.

Sterling to Report Fourth Quarter 2021 Earnings Results and Host Conference Call on March 2, 2022

NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Sterling, a leading global provider of background screening and identity services, today announced that it has acquired Employment Background Investigations, Inc. (EBI) in a highly complementary deal that will expand Sterling's presence in key US verticals, including financial services, healthcare, retail, manufacturing, and transportation.

Sterling Expands through Acquisition of Employment Background Investigations, Inc.

NEW YORK, Nov. 19, 2021 /PRNewswire/ -- Sterling Check Corp. (NASDAQ: STER) (" Sterling "), a leading provider of background and identity services, today announced a new I-9 integration with iCIMS , the talent cloud company. Sterling is expanding and enhancing its integrations with iCIMS to streamline the experience for mutual customers and deliver more accurate, reliable results and tools to help talent teams maintain compliance throughout the hiring cycle.

Sterling Streamlines Hiring Process with New Form I-9 and E-Verify Integration with iCIMS

Sterling Check Corp. (STER) CEO Joshua Peirez on Q3 2021 Results - Earnings Call Transcript

Delivers Revenue Growth of 44.2%; Organic Constant Currency Revenue Growth of 43.2%

Sterling Reports Third Quarter 2021 Results

NEW YORK, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the third quarter of fiscal year 2021 before the market opens on Wednesday, November 10, 2021. Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time.

Sterling to Report Third Quarter 2021 Earnings Results and Host Conference Call on November 10, 2021

Sterling Check has seen a solid public debut, as investors like the strong momentum. Part of this momentum comes from the reopening of the economy past Covid-19.

Sterling Check Stock: Checking Some Boxes

NEW YORK, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Sterling Check Corp. (“Sterling”) today announced the closing of its initial public offering of an aggregate of 16,427,750 shares of common stock at a price to the public of $23.00 per share, including the full exercise by the underwriters of their option to purchase up to 2,142,750 additional shares of common stock. Of the offered shares, 4,760,000 were sold by Sterling and 11,667,750 were sold by certain of Sterling's existing stockholders. The net proceeds from the offering to Sterling, after deducting underwriting discounts and commissions and estimated offering expenses payable by Sterling, were approximately $94.4 million. Sterling intends to use the net proceeds, together with cash on hand, to repay approximately $100.0 million outstanding under its term loan. Sterling did not receive any proceeds from the sale of the shares by the selling stockholders.   Shares of Sterling's common stock began trading on the Nasdaq Global Select Market on September 23, 2021 under the symbol “STER.”

Sterling Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

Sterling Check Corp. STER, is set to go public Thursday, as the New York-based background and identity verification services company's initial public offering priced overnight at $23 a share, above the expected range of between $20 and $22 a share. The company raised $109.5 million by selling 4.76 million shares in the IPO, while selling shareholders raised $219.1 million through the sale of 9.53 million shares.

Sterling Check to go public with $2.2 billion valuation as IPO priced above expected range

NEW YORK, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Sterling Check Corp. (“Sterling”) today announced the pricing of its initial public offering of an aggregate of 14,285,000 shares of common stock at a price to the public of $23.00 per share. Of the offered shares, 4,760,000 are being offered by Sterling and 9,525,000 are being offered by certain of Sterling's existing stockholders. The net proceeds from the offering to Sterling, after deducting underwriting discounts and commissions and estimated offering expenses payable by Sterling, are expected to be approximately $94.4 million. Sterling intends to use the net proceeds, together with cash on hand, to repay approximately $100.0 million outstanding under its term loan. Sterling will not receive any proceeds from the sale of the shares by the selling stockholders. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 2,142,750 shares of common stock from the selling stockholders at the initial public offering price, less underwriting discounts and commissions.

Sterling Announces Pricing of Initial Public Offering

News for Sterling Check Corp Stock (STER)