Verra Mobility Corporation - VRRM STOCK NEWS

On November 8, 2022, Verra Mobility Corporation (NASDAQ: VRRM) announced its participation in the Furey Research Partners 2022 Hidden Gems Conference. Key executives, including David Roberts and Craig Conti, will present, with the presentation available on the company's website under the Investor Relations section. Verra Mobility is recognized for its innovative smart mobility technology solutions that enhance transportation safety and efficiency worldwide.

Verra Mobility Corporation (NASDAQ: VRRM) reported strong financial results for Q3 2022, with total revenue reaching $197.7 million, up 22% from Q3 2021. Net income was $24.6 million or $0.15 per share. The company experienced significant growth in its Commercial Services and Government Solutions segments, driven by increased travel and tolling activity. Adjusted EBITDA was $90.9 million, reflecting a 46% margin. For the year-to-date, revenue increased 46% to $555.5 million, with net income of $64.3 million.

Verra Mobility Corporation (NASDAQ: VRRM) will report its third-quarter financial results for the period ending September 30, 2022, on November 2, 2022, after market close. The announcement includes a conference call hosted by CEO David Roberts and CFO Craig Conti at 5:00 p.m. ET the same day. Investors can access the call via phone or through a live webcast. Verra Mobility continues to focus on providing smart mobility technology solutions globally, aiming to enhance transportation safety and efficiency for its customers.

Verra Mobility (NASDAQ: VRRM), a leader in smart mobility technology, announced that its CFO Craig Conti will present at the Deutsche Bank Leveraged Finance Conference on September 20, 2022, at 11:00 a.m. EDT. Investors can access the live webcast and replay from the Investor Calendar on Verra Mobility's website. The company focuses on enhancing transportation safety and efficiency through innovative solutions that include hardware, software, data, and services.

Verra Mobility Corporation (NASDAQ: VRRM) reported strong Q2 2022 financial results, with total revenue up 46% year-over-year to $187.5 million, and net income increasing to $29.6 million or $0.15 per share. Key drivers included robust travel demand enhancing Commercial Services revenue by 28%. Adjusted EPS rose to $0.29, and adjusted EBITDA reached $88.8 million with a margin of 47%. The company held its inaugural investor day, emphasizing growth strategies and increased financial guidance for 2022.

Verra Mobility Corporation (NASDAQ: VRRM) will release its financial results for the second quarter ending June 30, 2022, on August 3, 2022, after market close. A conference call hosted by CEO David Roberts and CFO Craig Conti will take place at 5:00 p.m. ET the same day to discuss the results with investors and analysts. Investors can access the call via a provided number or a live webcast on the company's Investor Relations website. An audio replay will be available until August 17, 2022.

Verra Mobility Corporation (NASDAQ: VRRM) raised its full-year 2022 guidance during its investor day conference, reflecting positive year-to-date performance. The new guidance for total revenue is set between $720M and $740M, up from $715M, while adjusted EBITDA is now expected to be between $325M and $335M, from a prior estimate of $322M. CEO David Roberts highlighted robust travel demand across the U.S. as a key growth driver for its Commercial Services business, alongside strong results from its Government Solutions and T2 Systems segments.

Verra Mobility (NASDAQ: VRRM) is enhancing its European operations with several new contracts and partnerships aimed at improving toll and violation management solutions. Key agreements include a contract with the UK Department for Transport to manage unpaid road user charges and a partnership with the Joint Air Quality Unit for Clean Air Zone compliance. Additionally, the company has joined the Association of Electronic Toll and Interoperable Services (AETIS) to support efficient electronic tolling in Europe. These developments position Verra Mobility as a leader in smart mobility technology within the evolving European transportation sector.

Verra Mobility (NASDAQ: VRRM) announced new solutions enhancing efficiencies and compliance for commercial fleets. Key offerings include the TollLink™ nationwide toll management system, facilitating toll payments via a single device. The company partnered with Car IQ for connected vehicle payment solutions and is piloting toll transactions with a California toll authority. Additionally, Verra has collaborated with Reviver for digital license plate processing. These initiatives aim to streamline operations for over 5.8 million vehicles globally, improving cost management and toll compliance.