Welcome to our dedicated page for Verra Mobility news (Ticker: VRRM), a resource for investors and traders seeking the latest updates and insights on Verra Mobility stock.
Verra Mobility Corporation (NASDAQ: VRRM) is a leader in smart mobility solutions, specializing in transportation safety technologies, automated tolling systems, and data-driven urban mobility platforms. This page aggregates official company news and press releases, providing stakeholders with timely updates on strategic developments.
Access critical information including earnings announcements, technology partnerships, and regulatory milestones. Investors and industry observers will find updates on VRRM's Commercial Services, Government Solutions, and Parking Innovations segments, all essential for understanding its role in modernizing transportation infrastructure.
Content spans product launches, acquisition activity, and safety technology advancements, curated to support informed analysis. Bookmark this page for streamlined access to Verra Mobility's latest progress in connected vehicle ecosystems and traffic management solutions.
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Verra Mobility joins COVESA to develop open standards and technology for connected vehicles, aiming to enhance the vehicle experience for drivers and transform the mobility ecosystem.
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Verra Mobility Corporation (NASDAQ: VRRM) executives to participate in fireside chat at Morgan Stanley Conference on March 5, 2024.
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Verra Mobility Corporation (VRRM) announced its financial results for the fourth quarter and full year ended December 31, 2023, with highlights including revenue of $817.3 million, net income of $57.0 million, and cash flows from operations of $206.1 million. The company reported strong performance in the fourth quarter, with total revenue of $211.0 million, a 13% increase from the previous year. Adjusted EBITDA was $91.3 million, showing a positive trend. Verra Mobility operates in three segments: Commercial Services, Government Solutions, and Parking Solutions. The company also disclosed details about an interest rate swap agreement, warrants exercise, share repurchases, and a new share repurchase program. Legal proceedings with PlusPass were resolved with an accrued amount of $31.5 million. The company provided guidance for the full year 2024, subject to change based on various factors.
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Verra Mobility Corporation partners with the Town of Davie, Florida, to enhance school zone safety through the implementation of school speed safety cameras. The collaboration aims to protect schoolchildren by changing driver behavior and enforcing speed limits in more than 35 new school zones. The program aligns with Florida's House Bill 657, allowing for enforcement cameras to monitor speed in school zones.
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Verra Mobility Corporation (NASDAQ: VRRM) will report Q4 2023 financial results on Feb 29, 2024, with a conference call hosted by CEO David Roberts and CFO Craig Conti. Investors and analysts can access the call via phone or webcast.
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Verra Mobility Corporation appoints Raj Ratnakar as new independent director, bringing extensive experience in corporate strategy and M&A. Mr. Ratnakar's background includes leadership roles at DuPont, Fortive, Danaher, and TE Connectivity, as well as consulting experience at McKinsey & Company.
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Verra Mobility Corporation (NASDAQ: VRRM) has published its inaugural Corporate Responsibility Report, outlining the company's environmental, social, and governance initiatives. The report details the company's efforts in developing technology-enabled solutions to reduce traffic crashes, congestion, idling, and vehicle emissions, as well as fostering a purpose-driven company culture and committing to responsible business practices. CEO David Roberts emphasizes the company's commitment to making the world a safer and better place, aiming to be good corporate citizens and support the communities in which they operate.
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Verra Mobility Corporation (VRRM) released data showing an increase in red-light and speeding violations during the Thanksgiving holiday weekend. The data revealed that the Wednesday before Thanksgiving had the most red-light violations, while Thanksgiving Day had the most speeding violations. The National Safety Council reported that the 2022 Thanksgiving weekend was estimated to be the deadliest since 2007, with over 570 traffic fatalities occurring during the five-day period. The data also indicated that speeding was a factor in one-third of all traffic fatalities, emphasizing the need for increased alertness during the holiday weekend.
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Verra Mobility Corporation (NASDAQ: VRRM) to Participate in Fireside Chat at UBS Global Technology Conference
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Verra Mobility Corporation (NASDAQ: VRRM) releases a report on the long-term impact of the Covid-19 pandemic on driver behavior and perceptions. The survey of 2,000 U.S. drivers aged 25+ reveals that 40% feel less safe on the roads than they did before the pandemic in 2020. Additionally, 54% of Americans believe the average driver is worse now compared to before the pandemic.
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Verra Mobility Corp
Nasdaq:VRRM
VRRM Rankings
VRRM Stock Data
3.40B
157.78M
0.96%
104.25%
1%
Infrastructure Operations
Transportation Services
United States
MESA