HireRight Holdings Corporation ("HireRight" or the "Company"), a leading provider of global background screening services and workforce solutions, today announced the completion of its sale to investment funds affiliated with General Atlantic, L.P. ("General Atlantic") and Stone Point Capital LLC ("Stone Point", and together with General Atlantic, the "Sponsors") in an all-cash merger transaction representing a total enterprise value of approximately $1.7 billion. As previously disclosed, HireRight stockholders voted to approve the transaction at the Company's Special Meeting of Stockholders on June 21, 2024. Pursuant to the merger, the Sponsors acquired the Company, and all of the outsta

HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights: Revenues of $173.2 million, compared to prior year period revenues of $175.4 million Net loss attributable to HireRight of $3.3 million, compared to prior year period net loss of $7.9 million Adjusted EBITDA of $40.3 million, compared to prior year period Adjusted EBITDA of $33.0 million Diluted loss per share of $0.05, compared to prior year period diluted loss per share of $0.10 Adjusted diluted earnings per share of $0.22, compared to prio

– Margin Expansion Continues – – Enters Into an Agreement to Take Company Private – 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, 2023. Fourth Quarter 2023 Highlights: Revenues of $166.0 million, compared to prior year period revenues of $175.4 million Net loss attributable to HireRight of $4.5 million, compared to prior year period net income of $15.3 million Adjusted EBITDA of $42.5 million, compared to prior year period Adjusted EBITDA of $38.9 million Diluted loss per share attributable to HireRight of $0.

William Blair upgraded HireRight Holdings from Mkt Perform to Outperform

Wolfe Research initiated coverage of HireRight Holdings with a rating of Peer Perform

Stifel downgraded HireRight Holdings from Buy to Hold and set a new price target of $12.00

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HireRight (NYSE:HRT), a leading provider of global background screening services and workforce solutions, is pleased to announce that Stephen Spears has taken over the role of Chief Revenue Officer (CRO) at HireRight with immediate effect. His appointment follows the retirement of Steve Girdler, the company's previous CRO, who will be staying on with the company in an advisory capacity until early 2024. Reporting to HireRight President and CEO, Guy Abramo, Mr. Spears will lead HireRight's Go-to-Market and Customer Service organization, with a focus on leading the company's long-term competitive strategy and initiatives to drive growth and support customer retention. In addition to these r

HireRight Holdings Corporation (NYSE:HRT) today announced the appointment of Venkat Bhamidipati to its Board of Directors, effective immediately. He will also serve on HireRight's Audit Committee. Mr. Bhamidipati most recently held the role of executive vice president and chief financial officer at McAfee Corp. until its acquisition in 2022. In this role, he oversaw the finance, IT, and security operations strategy and teams that supported McAfee's business worldwide. "Venkat is known for being a strategic and hands-on operational business leader, and we are thrilled to welcome him to HireRight," said Guy Abramo, HireRight's Chief Executive Officer. "His experience delivering results in f

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., the leading technology-driven senior living referral platform and advisory service, will contribute his substantial executive leadership experience driving transformational growth for data and technology companies. "We are thrilled to welcome Larry, whose long history of operational and data-focused leadership will prove invaluable dur

Stockholders to Receive $14.35 Per Share in Cash HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of global background screening services and workforce solutions, today announced that it has entered into a definitive agreement to be acquired by investment funds affiliated with General Atlantic, L.P. ("General Atlantic") and Stone Point Capital LLC ("Stone Point" and together with General Atlantic, the "Sponsors"). The Sponsors are currently the beneficial owners of approximately 75% of the Company's outstanding shares of common stock. Under the terms of the agreement, the Sponsors will acquire all of the outstanding shares they do not already ow

– Margin Expansion Continues – – Expanding Partnerships with Leading HCM Companies – HireRight Holdings Corporation (NYSE:HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its third quarter ended September 30, 2023. Third Quarter 2023 Highlights: Revenues of $188.3 million, compared to prior year period revenues of $210.3 million Net loss of $1.7 million, compared to prior year period net income of $93.3 million Adjusted EBITDA of $52.1 million, compared to prior year period Adjusted EBITDA of $137.8 million Diluted loss per share of $0.02, compared to prior year period diluted earnings per share

HireRight (NYSE:HRT) today announced it will release third quarter 2023 earnings results before the market open on Tuesday, November 7, 2023, with a conference call at 8:30 am 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/. For those unable to attend the webcast, the dial-in number for the conference call is 1-877-704-4453 or 1-201-389-0920. A replay of the call will be available until Tuesday, November 14, 2023, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13740973. About HireRight HireRight is a leading global provider of technology-driven workforce risk mana

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