Sterling Check Corp (NASDAQ:STER) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET

Company Participants

Judah Sokel - Vice President of Investor Relations

Josh Peirez - Chief Executive Officer

Peter Walker - Chief Financial Officer

Conference Call Participants

George Tong - Goldman Sachs

Manav Patnaik - Barclays

Daniel Maxwell - William Blair

Greg Parrish - Morgan Stanley

Alex Hess - JPMorgan

Darrin Peller - Wolfe Research

Mark Marcon - Baird

Adam Parrington - Stifel

Operator

Hello, and welcome to Sterling Second Quarter 2022 Earnings Call. My name is Harry and I'll be coordinating your call today. [Operator Instructions]

I would now like to hand you over to Judah from Sterling to begin. Judah, please go ahead.

Judah Sokel

Thank you, operator. Welcome to Sterling's Second 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 the 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 will now turn the call over to Josh Peirez.

Josh Peirez

Thank you, Judah. Good morning, and thank you for joining us. Before beginning our prepared remarks, I'd like to congratulate Judah on his expanded role as Head of Treasury and Investor Relations.

Turning to Slide 4. Sterling's second quarter of 2022 was exceptional and continues the momentum we saw throughout our record 2021 and first quarter of 2022. We achieved new company records for revenue and adjusted EBITDA driven by continued excellence in new business growth, client service and innovation. During Q2, we surpassed $200 million of quarterly revenues for the first time with year-over-year revenue growth of 29% including 23% organic constant currency revenue growth even as we lapped last year's second quarter growth of 80%.