HireRight GIS Group Holdings LLC

HireRight Holdings Corp. provides workforce risk management and compliance solutions. It offers background screening, verification, identification, monitoring, and drug & health screening services. The company was founded in July 2018 and is headquartered in Nashville, TN.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

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Earnings data Q1 2024

Earnings data Q3 2024

HireRight GIS Group Holdings (HRT) reports mixed Q4 results

HRT's Q4 performance was impacted by declines in key verticals, but full-year revenue showed solid growth led by healthcare.
Operational improvements boosted margins and cash flow significantly in 2022.
Challenges in hiring and supplier costs are being addressed, while opportunities for margin enhancement and new business are pursued.
The company's financial position is strong, with a focus on sustainable growth and shareholder value creation.

HireRight Q1 2023: Revenue Decline Offset by Resilient Verticals and Growth Strategies

HireRight's Q1 performance reflects revenue decline but progress towards full-year goals. Despite challenges in core verticals and macroeconomic uncertainties, the company is leveraging strengths in new business, technology, and international expansion. Opportunities lie in cost optimization, margin improvement, and positive cash flow generation.

HireRight reports Q2 revenue dip but boosts margins through automation

HireRight's Q2 2023 saw revenue decline but EBITDA margin growth. Strong new business wins and focus on automation driving efficiency. Company confident in achieving goals and optimistic about future performance.

HireRight reports resilient Q3 performance, eyes global expansion opportunities

HireRight navigated revenue challenges with improved margins and strong cash flow generation, focusing on cost efficiencies and growth strategies.
Despite macroeconomic uncertainties, the company remains optimistic about long-term market benefits and reaffirmed guidance based on current trends.
Strategic partnerships, new customer acquisitions, and automation initiatives position HireRight for sustained growth and market leadership in the background screening industry.

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HireRight Holdings Corp. engages in the provision of technology-driven workforce risk management and compliance solutions. It offers background screening, verification, identification, monitoring, and drug and health screening services. The company was founded in July 2018 and is headquartered in Nashville, TN.

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight Holdings Corporation (NYSE: HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its fourth quarter and year ended December 31, 2022. Fourth Quarter 2022 Highlights Compared to Fourth Quarter 2021: Revenues of $175.4 million compared to $198.5 million in prior year quarter Operating income of $16.1 million more than doubled from $7.3 million Net income of $15.

HireRight Reports Fourth Quarter and Full-Year 2022 Results

NASHVILLE, Tenn. & CLARKSTON, Mich.--(BUSINESS WIRE)--HireRight (NYSE: HRT), a leading provider of global background screening services and workforce solutions, and GryphonHR, a Form I-9 and E-Verify compliance solutions provider, today announced a new partnership that will provide HireRight's customers with access to GryphonHR's I-9 technology and program management solutions.

HireRight and GryphonHR Announce Strategic Partnership

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight (NYSE: HRT) today announced it will release fourth quarter and full year 2022 earnings results after the market close on Thursday, March 9, 2023, with a conference call at 5:00 pm ET the same day during which management will discuss the results. The conference call will be webcast on the HireRight website at https://ir.hireright.com/.

HireRight to Announce Fourth Quarter and Full Year 2022 Results

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight Holdings Corporation (NYSE: HRT), ("HireRight" or the "company") today announced the appointment of Larry Kutscher to the company's Board of Directors, effective today, Monday, February 13, 2023. He will also serve on HireRight's Nominating and Governance Committee. Mr. Kutscher, who is currently the Chief Executive Officer of A Place For Mom, Inc.

HireRight Strengthens Board of Directors with Appointment of Independent Director Larry Kutscher

I believe HRT's vertical focus and penetration of a large and growing market puts the company in a strong position to generate healthy revenue growth over the next several years. HRT trades at a P/E multiple of 6x of my FY23 earnings estimate, a discount to both STER and FA, and a sharp discount to a peer group of FinTech.

HireRight Holdings: Solid Execution And Improving Margins

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NASHVILLE, Tenn.--( BUSINESS WIRE )--HireRight Holdings Corporation (NYSE: HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced that its President and Chief Executive Officer, Guy Abramo, and its Chief Financial Officer, Tom Spaeth, will be presenting at the 25th Annual Needham Growth Conference, taking place in New York City on Tuesday January 10, 2023 at 3:45 PM Eastern Time.

HireRight to Attend 25th Annual Needham Growth Conference

NASHVILLE, Tenn.--( BUSINESS WIRE )--HireRight Holdings Corporation (NYSE: HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced its Board of Directors has authorized a two-year $100 million share repurchase program.

HireRight Board of Directors Authorizes $100 Million Share Repurchase Program

HireRight Holdings Corporation went public in October 2021, raising $422 million in an IPO. The firm provides a range of employee screening and related services to organizations worldwide.

HireRight Battles With Labor Market Slowdown

HireRight Holdings Corporation (NYSE:HRT ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Guy Abramo - CEO, President & Director Thomas Spaeth - CFO Conference Call Participants George Tong - Goldman Sachs Ashish Sabadra - RBC Capital Markets Kevin McVeigh - Crédit Suisse Kyle Peterson - Needham & Company John Kennedy - Barclays Bank Devin Au - KeyBanc Capital Markets Mark Marcon - Robert W. Baird & Co. Andrew Nicholas - William Blair & Company Stephanie Moore - Jefferies Gustavo Gala - Truist Securities Operator Good afternoon, ladies and gentlemen, and welcome to the HireRight Third Quarter 2022 Conference Call.

HireRight Holdings Corporation (HRT) Q3 2022 Earnings Call Transcript

HireRight Reports Third Quarter 2022 Results

HireRight has seen quite a successful year after its public offering. While the business has done alright, shares have been lagging compared to their fundamental performance.

HireRight: Making The Right Moves

HireRight to Announce Third Quarter 2022 Results

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight announced today the release of its 2022 U.S. Healthcare Spotlight Report, based on responses from HireRight's 15th Annual Benchmark Survey.

HireRight Releases 2022 U.S. Healthcare Spotlight Report

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight will be exhibiting at the 2022 HR Technology Conference & Exposition®, September 13-16, 2022 at the Mandalay Bay in Las Vegas, Nevada.

HireRight to Attend 2022 HR Technology Conference & Exposition®

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight announced the release of its 2022 U.S. Transportation Spotlight Report, based on responses from HireRight's 15th Annual Benchmark Survey.

HireRight Releases 2022 U.S. Transportation Spotlight Report

Qualys

Among the top IPO stocks to buy and watch in the current stock market rally, security leader HireRight is approaching a buy point. The post IPO Stock Of The Week: Security Leader HireRight Approaches Fresh Buy Point appeared first on Investor's Business Daily.

IPO Stock Of The Week: Security Leader HireRight Approaches Fresh Buy Point

HireRight Holdings Corporation (NYSE:HRT ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Guy Abramo - President and Chief Executive Officer Tom Spaeth - Chief Financial Officer Conference Call Participants Manav Patnaik - Barclays Hans Hoffman - Jefferies Ashish Sabadra - RBC Capital Markets Gus Gala - Truist securities Mark Marcon - Baird Kevin McVeigh - Credit Suisse Shlomo Rosenbaum - Stifel Devin Au - Keybanc Capital Markets Operator Good afternoon ladies and gentlemen. And welcome to the HireRight Second Quarter 2022 Conference Call.

HireRight Holdings Corporation (HRT) CEO Guy Abramo on Q2 2022 Results - Earnings Call Transcript

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight Holdings Corporation (NYSE: HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its second quarter ended June 30, 2022. Second Quarter 2022 Highlights Compared to Second Quarter 2021: Revenues of $222.3 million increased 26%, from $177.0 million Operating income of $29.9 million increased 73.5%, up from $17.2 million Net income of $24.4 million, up from net loss of $3.6 milli

HireRight Reports Second Quarter 2022 Results

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight released “The Talent Game,” its latest Global Benchmark Report based on survey responses from 2,300 human resources and risk professionals.

HireRight Releases 15th Annual Benchmark Report

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight (NYSE: HRT) today announced it will release second quarter 2022 earnings results after the market close on Thursday, August 4, 2022, with a conference call at 5:00 pm ET the same day during which management will discuss the results. The dial-in number for the conference call is 1-855-327-6837. The conference call will be broadcast simultaneously on the HireRight website at https://ir.hireright.com/. A replay of the call will be available until midnig

HireRight to Announce Second Quarter 2022 Results

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight received a Silver Stevie® Award at The 20th Annual American Business Awards® in the category of Best White Paper or Research Report.

HireRight Honored as Silver Stevie® Award Winner in 2022 American Business Awards®

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight Holdings (NYSE: HRT), amended and upsized its revolving credit facility (the “Revolving Facility”), increasing the committed line under the Revolving Facility to $145 million, effective June 3, 2022. “We have meaningfully extended the facility's maturity and provided incremental capital to strengthen our disciplined strategy for growth,” stated Tom Spaeth, Chief Financial Officer. “The expansion of our Revolving Facility is a testament to our banking

HireRight Upsizes Revolving Credit Facility to $145 Million

NASHVILLE, Tenn.--(BUSINESS WIRE)--HireRight (NYSE: HRT) today announced that senior members of its management team will present at the following upcoming investor conferences: Baird 2022 Global Consumer, Technology and Services Conference on June 6, 2022. The presentation will take place at 10:15 A.M ET. Stifel 2022 Cross Sector Insight Conference on June 7, 2022. The presentation will take place at 8:35 A.M. ET and be viewable here. William Blair 42nd Annual Growth Stock Conference on June 8,

HireRight Announces Participation in Upcoming Conferences

HireRight Holdings Corporation (NYSE:HRT ) Q1 2022 Results Conference Call May 12, 2022 5:00 PM ET Company Participants Guy Abramo - President and CEO Tom Spaeth - CFO Conference Call Participants Andrew Nicholas - William Blair George Tong - Goldman Sachs Kevin McVeigh - Credit Suisse Ashish Sabadra - RBC Capital Markets Mark Marcon - Baird Shlomo Rosenbaum - Stifel Jason Celino - Keybanc Capital Markets Operator Good afternoon, ladies and gentlemen and welcome to the HireRight First Quarter 2022 Conference Call. Joining today's call is the Company's President and Chief Executive Officer, Guy Abramo; and Chief Financial Officer, Tom Spaeth.

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