Sterling Check Corp (NASDAQ:STER) Q3 2022 Results Conference Call November 9, 2022 8:30 AM ET

Company Participants

Judah Sokel - VP of IR

Josh Peirez - CEO and Director

Peter Walker - Executive VP and CFO

Peter Walker - Executive VP and CFO

Conference Call Participants

Shlomo Rosenbaum - Stifel

Ronan Kennedy - Barclays

Toni Kaplan - Morgan Stanley

Andrew Nicholas - William Blair

Kyle Peterson - Needham

Andrew Steinerman - JPMorgan

George Tong - Goldman Sachs

Owen McAvoy - Wolfe Research

Mark Marcon - Baird

Operator

Hello everyone and welcome to the Sterling Third Quarter 2022 Earnings Call. My name is Seb, and I'll be the operator for your call today. [Operator Instructions]

I will now hand the floor over to Judah Sokel to begin.

Judah Sokel

Thank you, operator. Welcome to Sterling's Third Quarter 2022 Earnings Call. Joining me today are Josh Peirez, Chief Executive Officer of Sterling, and Peter Walker, Chief Financial Officer of Sterling. The slides we will reference during this presentation can be accessed on Sterling's Investor Relations website under News and Events. The slides have been posted to our website, and a replay will be made available on the website. After prepared remarks, we will open this call to questions.

Before we discuss our results, I encourage all listeners to review the legal notice on Slide 2, which explains the risks of forward-looking statements and the use of non-GAAP financial measures. Additionally, please refer to our Form 10-K filed with the Securities and Exchange Commission for a discussion of risk factors that could cause actual results to differ materially from these forward-looking statements.

Our slide presentation and discussions on this call will include certain non-GAAP financial measures. For such measures, reconciliations to the most directly comparable GAAP measures are in the appendix to the presentation and in our earnings release issued this morning.

I'll now turn the call over to Josh Peirez.

Josh Peirez

Thank you, Judah. Good morning, and thank you for joining us. Sterling's third quarter of 2022 was another great quarter and continued the strong results we saw throughout our record 2021 and the first half of 2022. As you can see on Slide 4, this represents our seventh straight quarter of double-digit organic constant currency revenue growth. Our sustained excellence in new business growth, client service and innovation drove year-over-year revenue growth of 18%, including 12% organic constant currency revenue growth even as we lapped last year's third quarter growth of 44%.