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., Nov. 20, 2023 /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 in a fireside chat at the UBS Global Technology Conference on Tuesday, November 28, 2023 at 10:15am MT (12:15pm ET).

Verra Mobility to Participate at the UBS Global Technology Conference

40% feel less safe on the road than they did before the pandemic began in 2020 Survey of 2,000 U.S. drivers aged 25+ looked at vehicle ownership and perceptions around commuting and public transportation post-Covid MESA, Ariz. , Nov. 14, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, released a new report on the long-term impact of the Covid-19 pandemic on driver behavior and perceptions.

54% of Americans Think the Average Driver is Worse than Before the Pandemic, According to Verra Mobility Survey

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Verra Mobility Corporation. (NASDAQ:VRRM ) Q3 2023 Earnings Conference Call November 9, 2023 12:00 PM ET Company Participants Mark Zindler - Vice President of Investor Relations David Roberts - President & CEO Craig Conti - CFO Conference Call Participants Faiza Alwy - Deutsche Bank Nikolai Cremo - UBS Daniel Moore - CJS Securities Keith Housum - Northcoast Research James Faucette - Morgan Stanley Louie DiPalma - William Blair David Koning - Robert W.

Verra Mobility Corporation (VRRM) Q3 2023 Earnings Call Transcript

Total revenue of $209.9 million Net income of $30.3 million Generated cash flows from operations of $62.4 million Renewed Enterprise Mobility Tolling contract Increasing 2023 financial guidance Board of Directors authorizes $100 million share repurchase program MESA, Ariz. , Nov. 9, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the third quarter ended September 30, 2023.

Verra Mobility Announces Third Quarter 2023 Financial Results

List ranks global companies based on growth in revenue, profits and stock returns over a three-year period MESA, Ariz. , Nov. 6, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced that it has been named to the Fortune 100 Fastest-Growing Companies list for 2023.

Verra Mobility Named to Fortune 100 Fastest Growing Companies List for 2023

MESA, Ariz. , Nov. 2, 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 third quarter ended September 30, 2023, after market close on November 9, 2023.

Verra Mobility Schedules Third Quarter 2023 Earnings Call

MESA, Ariz. , Oct. 18, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, celebrates its five-year anniversary as a publicly traded company.

Verra Mobility Celebrates 5-Year Anniversary on Nasdaq

LOS ANGELES, CA / ACCESSWIRE / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Verra Mobility Corporation ("Verra" or "the Company") (NASDAQ:VRRM) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Verra Mobility Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Verra Mobility Corporation ("Verra" or "the Company") (NASDAQ:VRRM) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Verra Mobility Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Verra Mobility Corporation ("Verra" or "the Company") (NASDAQ:VRRM) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Verra Mobility Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Verra Mobility Corporation ("Verra" or "the Company") (NASDAQ: VRRM) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Verra Mobility Corporation and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Verra Mobility Corporation (“Verra” or the “Company”) (NASDAQ: VRRM) on behalf of Verra stockholders. Our investigation concerns whether Verra has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. The investigation focuses on whether the Company issued false and/.

VERRA ALERT: Bragar Eagel & Squire, P.C. is Investigating Verra Mobility Corporation on Behalf of Verra Stockholders and Encourages Investors to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Verra Mobility Corporation (“Verra” or the “Company”) (NASDAQ: VRRM) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Verra investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securitie.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Verra Mobility Corporation (VRRM) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Verra Mobility Corporation (“Verra” or the “Company”) (NASDAQ: VRRM) investors concerning the Company's possible violations of federal securities laws. On August 28, 2023, Verra disclosed that its independent registered public accounting firm, Ernst & Young, LLP, had resigned. On this news, Verra's stock price fell $1.33 per share, or 6.8%, to close at $18.33 per share on August 29, 2023,.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Verra Mobility Corporation (VRRM) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Verra Mobility Corporation (“Verra” or the “Company”) (NASDAQ: VRRM) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 28, 2023, Verra disclosed that its independent registered public accounting firm, Ernst & Young, LLP, had resigned. On this news, Verra's stock price fell.

The Law Offices of Frank R. Cruz Announces Investigation of Verra Mobility Corporation (VRRM) on Behalf of Investors

LOS ANGELES, CA / ACCESSWIRE / August 30, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Verra Mobility Corporation ("Verra" or "the Company") (NASDAQ:VRRM) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Verra Mobility Corporation and Encourages Investors with Losses to Contact the Firm

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VERRA MOBILITY CORP (VRRM) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.29 per share a year ago.

VERRA MOBILITY CORP (VRRM) Surpasses Q2 Earnings and Revenue Estimates

Total revenue of $204.5 million Net income of $19.1 million Generated cash flows from operations of $62.7 million Increasing 2023 financial guidance MESA, Ariz. , Aug. 9, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the second quarter ended June 30, 2023.

Verra Mobility Announces Second Quarter 2023 Financial Results

MESA, Ariz. , July 31, 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 second quarter ended June 30, 2023, after market close on August 9, 2023.

Verra Mobility Schedules Second Quarter 2023 Earnings Call

MESA, Ariz. , July 19, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Katrina Sevier as Chief People Officer.

Verra Mobility Appoints Katrina Sevier as Chief People Officer

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The set-up for Verra Mobility is interesting as de-SPACs are unloved by the market and risks regarding customer concentration and competition are misunderstood. I believe the company is able to grow high-single digits, given its "monopoly"-like market position. There is additional growth upside as there is a lot of white space to capture in Europe using the same playbook they have in the US. The company is highly cashflow-generative. Over the next three years, the majority of it will be used for value creative capital returns to shareholders (M&A and/or buybacks).

Verra Mobility: An Underappreciated Compounder

Misconceptions on charging and maintenance rank among the top concerns from majority of U.S. drivers despite growing popularity of electric vehicles   MESA, Ariz. , June 7, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today released a new report, "The State of EVs, 2023 Report on Smart Mobility" on consumer perceptions of electric vehicles (EVs).

News for Verra Mobility Corp Stock (VRRM)