Nashville, Tenn. — May 7, 2024 – 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: "We're pleased with our performance during the first quarter and our ongoing progress delivering on controllable initiatives focused on margin expansion and customer satisfaction," said HireRight President and CEO Guy Abramo. "We remain the o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of ...

Exhibit 99.1 HireRight Reports Fourth Quarter and Full-Year 2023 Results – Margin Expansion Continues – – Enters Into an Agreement to Take Company Private – Nashville, Tenn. — March 12, 2024 – 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: Full-Year 2023 Highlights: "We're pleased with our performance durin ...

Financial Data and Key Metrics Changes - For Q3 2023, revenue was $188.3 million, down $22 million year-over-year, reflecting a 10.5% decline due to reduced hiring volumes driven by economic headwinds [6][34] - Adjusted EBITDA was $52.1 million, just $1.9 million lower than last year, with an adjusted EBITDA margin of 27.7%, up 200 basis points year-over-year [17][47] - Adjusted net income for the quarter was $24.6 million compared to $29.8 million in Q3 2022, impacted by lower operating income and higher cash interest expense [18] - Total cash increased to $103 million, with cash flow from operations exceeding $38 million during the quarter [37] Business Line Data and Key Metrics Changes - Revenue from new business increased more than 30% versus Q2 2023, contributing over $36 million in growth year-to-date [9] - The technology vertical saw orders stabilize, down 24% year-over-year but consistent with the previous quarter [16] - Financial services declined 14% compared to Q2, primarily due to softening volumes from European banking customers [28] Market Data and Key Metrics Changes - Non-U.S. revenue accounted for approximately 14% of total revenue, with EMEA posting a 15% decline year-over-year [35] - APAC and India experienced a combined decline of 20% from the prior year, impacted by softness in technology and services [35] Company Strategy and Development Direction - The company is focused on cost reduction initiatives, including rebalancing and reducing global headcount, and expects to achieve $50 million in total run rate savings by the end of 2024 [13][82] - Partnerships with major players like Oracle and UKG are expected to enhance market presence and drive future growth [10][31] - The company aims to leverage its single global integrated platform to simplify global implementations and enhance customer experience [12][75] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the hiring environment, noting uncertainty around employee turnover impacting future hiring plans [43][54] - The company remains focused on improving margins and converting revenue to free cash flow despite the challenging macroeconomic environment [49] Other Important Information - The company refinanced its existing term loan, extending maturity to 2030 and increasing total liquidity to approximately $262 million [19] - The company reported a strong customer retention rate of just under 97% [29] Q&A Session Summary Question: Insights on package density and client needs - Management noted clients are increasingly looking for additional services like social media screening, but specific trends are still being monitored [21] Question: Customer sentiment on next year's hiring outlook - Management observed cautious optimism among clients, but significant uncertainty remains regarding turnover rates [42][43] Question: SMB performance and competitive landscape - SMB performance was down about 10% year-over-year, attributed to macroeconomic factors rather than competitive losses [60][67] Question: Details on new enterprise wins - Five new enterprise customers were added, with two wins coming from a major competitor, totaling an estimated annual contract value of $11 million [68][100] Question: Future capital allocation strategy - The company plans to balance share repurchases with addressing debt levels, leaning towards debt reduction as cash flow improves [64][65]

HireRight Q3 2023 Earnings Presentation 1 This document and any accompanying oral presentation by the Company contain forward-looking statements within the meaning of the federal securities laws. You can often identify forward-looking statements by the fact that they do not relate strictly to historical or current facts, or by their use of words such as "anticipate," "estimate," "expect," "project," "forecast," "plan," "intend," "believe," "seek," "could," "targets," "potential," "may," "will," "should," "c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40982 HireRight Holdings Corporation (Exact name of registrant as specified in its charter) Delaware 83-1092072 100 C ...

HireRight Q2 2023 Earnings Presentation August 8, 2023 © 2023 HireRight. All rights reserved. 0 1 Disclaimer Forward-Looking Statements This document and any accompanying oral presentation by the Company contain forward-looking statements within the meaning of the federal securities laws. You can often identify forward-looking statements by the fact that they do not relate strictly to historical or current facts, or by their use of words such as "anticipate," "estimate," "expect," "project," "forecast," "pl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40982 HireRight Holdings Corporation Indicate by check mark whether the registrant has submitted electronically every Inte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40982 HireRight Holdings Corporation (Exact name of registrant as specified in its charter) 100 Centerview Drive, Suite 3 ...

Financial Obligations and Agreements - The company expects to pay approximately $210.5 million to certain pre-IPO equityholders over a period of approximately 12 years under the tax receivable agreement[10]. Employment and Workforce - As of December 31, 2022, the company employed approximately 3,078 employees, with no employees covered by a collective bargaining agreement[68]. - The company recognizes the importance of attracting and retaining talent, launching the IGNITE program to focus on professional growth and development initiatives[72]. Economic and Market Conditions - The annual inflation rate in the United States reached nearly the highest rate in over three decades in 2022, impacting the company's data costs and employment expenses[67]. - The company’s business is vulnerable to economic downturns, with recent macroeconomic volatility causing customers to adopt more cautious hiring practices[10]. - The company operates in an intensely competitive market, which may affect its ability to maintain competitive advantages necessary for growth and profitability[10]. Regulatory and Compliance Risks - The company is subject to significant governmental laws and regulations, including the Fair Credit Reporting Act and the California Consumer Privacy Act, which impose operational requirements and liability risks[74][78]. - The company may face increased operational requirements and liability risks due to privacy, data security, and data protection laws in its principal markets[10]. Technology and Geopolitical Risks - The company has significant technology development operations in Estonia, exposing it to geopolitical risks related to the ongoing conflict between Russia and Ukraine[10]. Growth and Reporting Status - The company qualifies as an "emerging growth company" and will remain so until the earlier of fiscal year-end following November 2, 2026, or achieving total annual gross revenue of at least $1.235 billion[83]. - The market value of the company's common stock held by non-affiliates must exceed $700 million for it to be deemed a large accelerated filer[83]. - The company intends to take advantage of reduced reporting requirements, including financial statements and executive compensation disclosures[84]. - The company plans to delay adopting new or revised accounting standards until they apply to private companies, which may affect comparability with other companies[85]. - The company is not required to comply with auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act[86]. - The company has reduced disclosure obligations regarding executive compensation in periodic reports and proxy statements[86]. - The company is exempt from holding a nonbinding advisory vote on executive compensation and stockholder approval of golden parachute payments not previously approved[86]. Operational Capabilities - The company must improve its operating capabilities and profitability to continue competing successfully in the market[10].