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.

MESA, Ariz., Dec. 7, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it has completed its acquisition of T2 Systems, an expert in parking management solutions in North America, for $347 million on a cash-free and debt-free basis, plus an additional up to $9 million related to an impending asset acquisition by a wholly owned indirect subsidiary of T2 Systems.

Verra Mobility Completes Acquisition of T2 Systems

MESA, Ariz., Nov. 18, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that David Roberts, President and CEO, and Patricia Chiodo, Chief Financial Officer, are scheduled to present at the Bank of America Securities 2021 Leveraged Finance Conference on November 30, 2021, at 3:00 p.m.

Verra Mobility to Present at the Bank of America Securities Leveraged Finance Conference and the Credit Suisse Technology Conference

VERRA MOBILITY CORP (VRRM) delivered earnings and revenue surprises of 42.11% and 6.36%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

VERRA MOBILITY CORP (VRRM) Beats Q3 Earnings and Revenue Estimates

Verra Mobility Corporation's (VRRM) CEO David Roberts on Q3 2021 Results - Earnings Call Transcript

MESA, Ariz., Nov. 4, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the three and nine months ended September 30, 2021.

Verra Mobility Reports Third Quarter 2021 Financial Results

MESA, Ariz., Nov. 2, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it has signed an agreement to acquire privately held T2 Systems from leading software investment firm Thoma Bravo for $347 million on a cash-free and debt-free basis, plus an additional up to $9 million related to an impending asset acquisition by a wholly owned indirect subsidiary of T2 Systems.

Verra Mobility to Acquire T2 Systems, a Leading Provider of Parking Management Solutions, from Thoma Bravo

MESA, Ariz., Oct. 26, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces today that it will report financial results for the third quarter ended September 30, 2021, after market close on November 4, 2021.

Verra Mobility Schedules Third Quarter 2021 Earnings Call

Verra Mobility continues to benefit from the ongoing domestic travel recovery in the US.

Verra Mobility: On The Recovery Path

MESA, Ariz. , Sept. 1, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that David Roberts, chief executive officer, and Patricia Chiodo, chief financial officer, are scheduled to participate in the Deutsche Bank Technology Conference 2021 on Thursday, September 09, 2021, at 3:10 p.m.

Verra Mobility To Present At The Deutsche Bank Technology Conference

Verra Mobility (VRRM) completes $100 million worth of share repurchase program after the consummation of the secondary offering of its shares by an affiliate of Platinum Equity.

Verra Mobility (VRRM) Closes Secondary Offering, Share Buyback

MESA, Ariz., Aug. 20, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM) ("Verra Mobility" or the "Company"), a leading provider of smart mobility technology solutions, announces today the closing of its previously communicated, underwritten secondary offering (the "Offering") of 8,000,000 shares of its Class A common stock by the Company's principal stockholder, an affiliate of Platinum Equity, LLC (the "Selling Stockholder"), at a price to the public of $14.75 per share.

Verra Mobility Announces Closing Of Secondary Offering And Concurrent Stock Repurchase

Verra Mobility (VRRM) is set to buy back stock worth $100 million after the consummation of the secondary offering of its shares by an affiliate of Platinum Equity.

Verra Mobility (VRRM) to Buy Back Shares Post Secondary Offering

MESA, Ariz., Aug. 18, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM) ("Verra Mobility" or the "Company"), a leading provider of smart mobility technology solutions, announces today that its principal shareholder, an affiliate of Platinum Equity, LLC (the "Selling Stockholder"), has commenced a secondary offering of 8,000,000 shares of its Class A common stock (the "Offering").

Verra Mobility Announces Secondary Offering Of 8 Million Shares Of Common Stock And Concurrent Stock Repurchase

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Verra Mobility Corp (VRRM) CEO David Roberts on Q2 2021 Results - Earnings Call Transcript

VERRA MOBILITY CORP (VRRM) delivered earnings and revenue surprises of -33.33% and 10.97%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

VERRA MOBILITY CORP (VRRM) Lags Q2 Earnings Estimates

Shares of Verra Mobility (NASDAQ:VRRM) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 200.00% year over year to $0.10, which beat the estimate of $0.04.

Verra Mobility: Q2 Earnings Insights

MESA, Ariz., Aug. 9, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that its Board of Directors approved a share repurchase program which authorizes the Company to repurchase up to $100 million of its Class A common stock over the next twelve months.

Verra Mobility Announces $100 Million Share Repurchase Program

MESA, Ariz., Aug. 9, 2021 /PRNewswire/ -- Net income for the second quarter of 2021 was $4.0 million, or $0.02 per share Reports second quarter revenue of $128.7 million; total year-to-date revenue of $218.5 million Generated cash flows from operations of $37.5 million Collected $28.1 million in the second quarter of 2021 against the outstanding City of New York Department of Transportation receivable Provides full year 2021 guidance; expects stronger growth in second half of 2021 Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the three and six months ended June 30, 2021.

Verra Mobility Reports Second Quarter 2021 Financial Results

MESA, Ariz., Aug. 2, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces today that it will report financial results for the second quarter ended June 30, 2021, after market close on Monday, August 09, 2021.

Verra Mobility Schedules Second Quarter 2021 Earnings Call

MESA, Ariz., July 12, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that David Roberts, chief executive officer, and Tricia Chiodo, chief financial officer, are scheduled to present at the CJS Securities 21st Annual "New Ideas" Summer Conference held virtually on July 13, 2021.

Verra Mobility To Participate In CJS Securities 21st Annual "New Ideas" Summer Conference

MESA, Ariz., July 1, 2021 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces today that its subsidiary has been chosen by one of the leading integrated mobility providers, Eurowag, to provide toll payment processing services for Heavy Goods Vehicle (HGVs) clients in Spain and Portugal.

Verra Mobility Partners with Eurowag to Enable Delivery of Interoperable Toll Payment Solutions in Europe

Verra Mobility's (VRRM) buyout of Redflex will augment its smart transportation solutions offering apart from expanding customer base.

Verra Mobility (VRRM) Buys Redflex, Strengthens Product Offerings

MESA, Ariz., June 17, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced the closing of the transaction to acquire 100% of the issued share capital of Redflex Holdings Limited (ASX: RDF) for a purchase price of A$0.96 per share, representing a total acquisition price of A$152.5 million.

Verra Mobility Announces Closing Of Redflex Holdings Acquisition

VERRA MOBILITY CORP (VRRM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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