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., 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.

VERRA MOBILITY CORP (VRRM) Upgraded to Buy: Here's Why

MESA, Ariz., June 15, 2021 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces today that its subsidiary has gained certification as a European Electronic Toll Service (EETS) provider, becoming the first EETS-accredited company in Spain.

Verra Mobility Subsidiary is Granted European Electronic Toll Service (EETS) Provider Certification to Expand European Toll Offering

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MESA, Ariz., May 21, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that it will participate in multiple upcoming investor conferences.

Verra Mobility Announces Participation In Upcoming Investor Conferences In June

Verra Mobility Corp (VRRM) CEO David Roberts on Q1 2021 Results - Earnings Call Transcript

MESA, Ariz., May 10, 2021 /PRNewswire/ -- Verra Mobility, a leading provider of smart mobility technology solutions, applauds the release of a new checklist by AAA, Advocates for Highway and Auto Safety, the Governors Highway Safety Association (GHSA), the Insurance Institute for Highway Safety (IIHS) and the National Safety Council (NSC) that is meant to serve as a roadmap for communities that are establishing or expanding automated enforcement programs.

Verra Mobility Welcomes Leading Safety Groups' Release of Automated Enforcement Checklist

MESA, Ariz., May 7, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM) (the "Company"), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the first quarter ended March 31, 2021, after the U.S. market close on May 17, 2021.

Verra Mobility Schedules First Quarter 2021 Earnings Call and Announces Response to SEC Guidance Relating to Warrants Issued by Special Purpose Acquisition Companies

MESA, Ariz., May 5, 2021 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces today that its subsidiary, Euro Parking Collection plc, has been selected by Transport for London (TfL) to administer foreign collection penalties by heavy goods vehicles (HGVs) for its Direct Vision Standard (DVS) program, through June of 2025.

Verra Mobility Subsidiary Signs Multi-Year Agreement with Transport for London for the Newly Launched Direct Vision Standard

VERRA MOBILITY CORP (VRRM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: VERRA MOBILITY CORP (VRRM) Q1 Earnings Expected to Decline

MESA, Ariz., May 3, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces that it has received authorization to proceed with an order for 720 additional school zone speed cameras for the New York City Department of Transportation ("NYCDOT").

Verra Mobility Provides Business Update

MESA, Ariz., April 8, 2021 /PRNewswire/ -- In its annual list of Most Wanted List of Transportation Safety Improvements, the National Transportation Safety Board (NTSB) has included implementing a comprehensive strategy to eliminate speeding-related crashes as a goal of the agency.

Verra Mobility Applauds National Transportation Safety Board (NTSB) Inclusion of Automated Speed Enforcement on the 2021-2022 Most Wanted List of Transportation Safety Improvements

MESA, Ariz., March 26, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that it has completed its offering of 5.5 percent $350 million Senior Unsecured Notes due 2029 (the "Notes" ) and refinanced its existing 2018 credit agreement (as amended, the "Credit Agreement" ) with a new $650 million first lien term loan bearing an interest rate of the London Interbank Offered Rate ( "LIBOR" ) plus 3.25 percent, which matures in 2028.

Verra Mobility Announces Closing Of Senior Notes Offering And Refinancing Of Credit Facility

MESA, Ariz., March 19, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that it has priced and allocated the extension and amendment to its existing 2018 credit agreement (as amended, the "Credit Facility" ) and priced new senior unsecured notes due 2029 (the "Notes" ).

Verra Mobility Announces Pricing Of Extension And Amendment Of Credit Facility And Senior Notes Offering

MESA, Ariz., March 15, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced its intention to extend and amend its existing 2020 credit agreement and issue new senior unsecured notes due 2029.

Verra Mobility Announces Extension and Amendment of Existing Credit Agreement; Launches Senior Notes Offering

Verra Mobility Corp (VRRM) CEO David Roberts on Q4 2020 Results - Earnings Call Transcript

VERRA MOBILITY CORP (VRRM) delivered earnings and revenue surprises of -76.92% and 8.70%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

VERRA MOBILITY CORP (VRRM) Lags Q4 Earnings Estimates

Shares of Verra Mobility (NASDAQ:VRRM) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 116.67% year over year to ($0.01), which missed the estimate of $0.01.

Recap: Verra Mobility Q4 Earnings

MESA, Ariz., March 1, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today financial results for the fourth quarter and full year ended December 31, 2020. "We are pleased with our execution throughout this...

Verra Mobility Announces Fourth Quarter and Full Year 2020 Financial Results

Analysts Estimate VERRA MOBILITY CORP (VRRM) to Report a Decline in Earnings: What to Look Out for

MESA, Ariz., Feb. 16, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a global leader in smart transportation, today announced that it will report financial results for the fourth quarter and full year ended December 31, 2020, after market close on March 1, 2021. Verra Mobility will...

Verra Mobility to Report Fourth Quarter and Full Year 2020 Financial Results

PHOENIX, Feb. 9, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a global leader in smart transportation, today announced the upcoming appointment of Steven C. Lalla to Executive Vice President, Commercial Services. As a key member of the executive team, Mr. Lalla will lead Verra...

Verra Mobility Appoints Steven C. Lalla as EVP of Commercial Services

MESA, Ariz., Jan. 21, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced it has entered into a binding agreement with Redflex Holdings Limited (ASX: RDF) to acquire 100% of the issued share capital of Redflex at a...

Verra Mobility Enters into Binding Agreement to Acquire Redflex Holdings Limited

MESA, Ariz., Dec. 29, 2020 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM) – a global leader in smart transportation – released videos of 2020's worst red-light runners today. The alarming footage shows collisions captured by red-light safety cameras in communities across the country; and...

2020's Worst Red-Light Runners: Alarming Footage from Verra Mobility Urges Drivers to Stop on Red

MESA, Ariz., Nov. 30, 2020 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that Patricia Chiodo, CFO, is scheduled to participate in the Credit Suisse 24th Annual Technology Conference and present on Tuesday,...

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