Verra Mobility Corp

Verra Mobility Corp. engages in the provision of smart mobility technology solutions and services. It operates through the following segments: Government Solutions, Commercial Services, and Parking Solutions. The Government Solutions segment delivers traffic law enforcement services and products to state and local governments. The Commercial Services segment offers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities. The Parking Solutions segment consists of an integrated suite of parking and hardware solutions to its customers. The company was founded in 2004 and is headquartered in Mesa, AZ.

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Verra Mobility exceeds Q4 revenue expectations, eyes growth opportunities

Verra Mobility's strong Q4 performance and solid full-year results set a positive financial trajectory for continued growth in 2023.
Strategic priorities focusing on core business growth, workplace engagement, and safety initiatives position the company for long-term success and innovation.
While facing challenges in revenue fluctuations and regulatory landscapes, Verra Mobility's proactive approach to opportunities in new services and technology investments bodes well for future expansion.
Overall, Verra Mobility's commitment to financial discipline, innovation, and community safety underpins its resilience and growth potential in the evolving mobility solutions market.

Verra Mobility Corp posts robust Q1 results and outlines growth strategies

Verra Mobility Corp delivered strong Q1 2023 results, showcasing revenue growth, margin improvement, and enhanced financial performance.
The company's strategic focus on partnerships, legislative advancements, and cost management underpins its growth trajectory and market positioning.
While facing challenges in market dynamics and regulatory scrutiny, Verra Mobility's positive outlook and robust guidance signal opportunities for sustained growth and value creation.

Verra Mobility Corp reports strong Q2 earnings, raises full-year guidance

Verra Mobility Corp demonstrated robust financial performance in Q2 2023, driven by revenue growth across key segments and a focus on free cash flow conversion.
While facing challenges in margin improvement and capital allocation, the company's strengths in market positioning and revenue diversification offer growth opportunities.
Overall, Verra Mobility's positive outlook, increased revenue guidance, and strategic initiatives position it well for future success and shareholder value creation.

Verra Mobility reports robust Q3 performance and identifies growth opportunities

Verra Mobility's Q3 performance reflects strong revenue growth, successful contract renewals, and a positive outlook for future financial performance. While facing potential regulatory challenges, the company has identified opportunities for revenue expansion and market growth, positioning itself for continued success.

Verra Mobility posts robust Q4 results, eyes growth opportunities

Verra Mobility's strong Q4 performance and strategic focus on reducing leverage position the company for continued growth and financial stability in 2024.
While facing challenges in cashless tolling penetration and potential legislative delays, Verra is poised to capitalize on growth opportunities in various segments.
With a clear roadmap for revenue and EBITDA targets, Verra Mobility aims to maintain market leadership and drive growth through key initiatives and market expansion.

Verra Mobility excels in Q1 2024, eyes growth opportunities

Verra Mobility's Q1 2024 showcased strong financial performance and growth across key segments.
Addressing transactional challenges and focusing on operational enhancements and contract wins.
Opportunities lie in leveraging VMOS, revised leverage targets, and increased guidance for the year.

Verra Mobility Corp reports robust Q3 performance and eyes growth opportunities

Verra Mobility Corp's Q3 performance showcased strong revenue growth, profitability, and cash flow generation, underpinned by robust demand for automated enforcement solutions.
While facing challenges in certain segments and growth projections, the company's strategic measures and financial health position it well for long-term success and capitalizing on opportunities.
Maintaining operational efficiency, pursuing strategic initiatives, and evaluating growth opportunities through M&A and share buybacks are key focus areas for driving future performance and shareholder value.
Overall, Verra Mobility's solid financial health, strong performance, and strategic positioning indicate resilience and potential for sustained growth in the evolving market landscape.

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Verra Mobility Corp. engages in the provision of smart mobility technology solutions. It operates through the following segments: Government Solutions, Commercial Services, and Parking Solutions. The Government Solutions segment offers automated safety solutions to state and local governments. The Commercial Services segment provides toll and violation management solutions by partnering with the fleet management and rental car companies. The Parking Solutions segment includes a suite of parking software and hardware solutions. The company was founded in 2004 and is headquartered in Mesa, AZ.

Prestigious recognition based entirely on current employees' experiences working at Verra Mobility MESA, Ariz. , May 18, 2023 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it has been Certified™ by Great Place To Work® for the second year in a row.

Verra Mobility Earns Great Place To Work Certification™ for Second Year in a Row

Verra Mobility Corporation (NASDAQ:VRRM ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Mark Zindler - Vice President, Investor Relations David Roberts - Chief Executive Officer Craig Conti - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Faiza Alwy - Deutsche Bank Louie Dipalma - William Blair Keith Housum - Northcoast Research Partners Operator Good afternoon, ladies and gentlemen, and welcome to Verra Mobility's First Quarter 2023 Earnings Conference Call. At this time all lines are on listen-only mode.

Verra Mobility Corporation (VRRM) Q1 2023 Earnings Call Transcript

VERRA MOBILITY CORP (VRRM) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.20 per share a year ago.

VERRA MOBILITY CORP (VRRM) Q1 Earnings and Revenues Surpass Estimates

Total revenue of $191.9 million Net income of $4.6 million Generated cash flows from operations of $45.2 million Reaffirming 2023 guidance MESA, Ariz. , May 4, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2023.

Verra Mobility Announces First Quarter 2023 Financial Results

MESA, Ariz. , April 13, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the first quarter ended March 31, 2023, after market close on May 4, 2023.

Verra Mobility Schedules First Quarter 2023 Earnings Call

AMSTERDAM , April 12, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, including electronic tolling, reached a joint agreement with Telepass, an Italian-based firm and leader in integrated mobility, to jointly provide toll processing services in Italy. With this agreement and resulting integration between the two parties, Verra Mobility will expand its footprint in Europe, with the ability to deliver toll payment solutions for short-term rental cars across all toll roads throughout Italy.

Verra Mobility Partners with Telepass in Italy to Enable Expanded Toll Payment Coverage for Short-Term Rental Cars

Verra Mobility Corporation (NASDAQ:VRRM ) Q4 2022 Earnings Conference Call March 1, 2023 5:00 PM ET Company Participants Mark Zindler - Vice President, Investor Relations David Roberts - Chief Executive Officer Craig Conti - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities David Koning - Robert W. Baird Faiza Alwy - Deutsche Bank Louie Dipalma - William Blair Keith Housum - Northcoast Research Partners Operator Good afternoon, ladies and gentlemen, and welcome to Verra Mobility's Fourth Quarter 2022 Earnings Conference Call.

Verra Mobility Corporation (VRRM) Q4 2022 Earnings Call Transcript

VERRA MOBILITY CORP (VRRM) delivered earnings and revenue surprises of 13.64% and 0.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

VERRA MOBILITY CORP (VRRM) Q4 Earnings and Revenues Top Estimates

Full year 2022 revenue of $741.6 million Full year 2022 net income of $92.5 million Full year 2022 cash flows from operations of $218.3 million MESA, Ariz. , March 1, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2022.

Verra Mobility Announces Fourth Quarter and Full Year 2022 Financial Results

MESA, Ariz. , Feb. 10, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the fourth quarter ended December 31, 2022, after market close on March 1, 2023.

Verra Mobility Schedules Fourth Quarter 2022 Earnings Call

The company announces new actions and financial commitments as part of its 'Zero In' pledge to improve road safety. MESA, Ariz.

Verra Mobility Launches 'Zero In' Pledge Initiative to Promote Safe Driving Behaviors to Reduce Roadway Deaths

Verra Mobility is a global leader in technology-enabled transportation solutions. The company has a very sticky business with over 95% retention rates.

Verra Mobility: A Buy With Considerable Risks

Honeywell

MESA, Ariz., Dec. 16, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Jon Keyser as Executive Vice President and Chief Legal Officer, effective December 19, 2022.

Verra Mobility Appoints Jon Keyser as Chief Legal Officer

SAN FRANCISCO , Dec. 6, 2022 /PRNewswire/ -- Car IQ® Inc., a leading provider of vehicle payment solutions, today announced a partnership with Verra Mobility (NASDAQ: VRRM), a leading provider of toll management and smart mobility technology solutions, that will expand the company's current offerings beyond fuel payments to provide fleet customers with a complete toll payment suite. Car IQ's partnership with Verra Mobility will allow fleets to seamlessly connect with tolling solutions via Verra Mobility's extensive network and pay without the use of a credit or debit card.

CAR IQ Partners with Verra Mobility to Offer Fleet Customers a Complete Toll Management and Payment Solution

MESA, Ariz. , Nov. 21, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that its Board of Directors has approved a stock repurchase program, which authorizes the Company to repurchase up to $100 million of its Class A common stock over the next eighteen months from time to time in open market transactions, accelerated share repurchases or in privately negotiated transactions, each as permitted under applicable rules and regulations.

Verra Mobility Announces $100 Million Share Repurchase Program and Debt Management Initiative

Verra Mobility (NASDAQ: VRRM) is smart mobility technology solutions company that operates three segments: Government Solutions, Commercial & Fleet Services

Verra Mobility Stock Has Returned Back to the Station

MESA, Ariz. , Nov. 17, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will participate in two upcoming investor conferences.

Verra Mobility to Participate in Upcoming Investor Conferences in November

MESA, Ariz. , Nov. 8, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that David Roberts, President and Chief Executive Officer and Craig Conti, Chief Financial Officer, are scheduled to participate at the Furey Research Partners 2022 Hidden Gems Conference on Tuesday, November 8, 2022.

Verra Mobility to Participate at the Furey Research Partners 2022 Hidden Gems Conference

The heavy selling pressure might have exhausted for VERRA MOBILITY CORP (VRRM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down 17.5% in 4 Weeks, Here's Why You Should You Buy the Dip in VERRA MOBILITY CORP (VRRM)

Verra Mobility Corporation (NASDAQ:VRRM ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Mark Zindler - Vice President, Investor Relations David Roberts - Chief Executive Officer Craig Conti - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Faiza Alwy - Deutsche Bank David Koning - Baird Keith Housum - Northcoast Research Louie DiPalma - William Blair Operator Good day, and welcome to the Verra Mobility Third Quarter 2022 Earnings Call. Today's conference is being recorded.

Verra Mobility Corporation (VRRM) Q3 2022 Earnings Call Transcript

VERRA MOBILITY CORP (VRRM) delivered earnings and revenue surprises of 0% and 1.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

VERRA MOBILITY CORP (VRRM) Matches Q3 Earnings Estimates

Total revenue of $197.7 million Net income of $24.6 million Generated cash flows from operations of $52.4 million Expected financial performance at the higher end of most recent guidance ranges MESA, Ariz. , Nov. 2, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the quarter ended September 30, 2022.

Verra Mobility Announces Third Quarter Financial Results

VERRA MOBILITY CORP (VRRM) is well positioned to outperform the market, as it exhibits above-average growth in financials.

VERRA MOBILITY CORP (VRRM) is an Incredible Growth Stock: 3 Reasons Why

Verra Mobility reported its Q2 2022 results on August 2, 2022. The firm provides a range of smart mobility solutions with government, commercial and parking applications.

Verra Mobility Sees Government Segment Strength

MESA, Ariz. , Oct. 19, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the third quarter ended September 30, 2022, after market close on November 2, 2022.

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