Verra Mobility Earnings Reports

Verra Mobility's Q4 2024 revenue increased by 5% year-over-year to $221.5 million, driven by growth in the Commercial Services and Government Solutions segments. However, the company reported a net loss of $66.7 million, primarily due to a $97.1 million goodwill impairment in the Parking Solutions segment. Adjusted EPS improved to $0.33 from $0.24 in Q4 2023, and adjusted EBITDA grew to $102.0 million.

Verra Mobility announced its Q3 2024 financial results, posting a total revenue of $225.6 million and a net income of $34.7 million. The company saw growth in Commercial Services and Government Solutions, and increased its Adjusted Free Cash Flow guidance for the year.

Verra Mobility reported a strong second quarter with a 9% increase in total revenue to $222.4 million and net income of $34.2 million. The company reaffirmed its full-year guidance, driven by robust travel demand and increasing demand for automated traffic enforcement.

Verra Mobility reported a strong start to 2024 with a 9% increase in total revenue to $209.7 million and a significant rise in net income to $29.1 million. The company's performance was driven by the successful implementation of the Verra Mobility Operating System (vmOS) and robust secular growth drivers. As a result, Verra Mobility is increasing its financial guidance for the year.

Verra Mobility reported a 13% increase in revenue for Q4 2023, reaching $211.0 million. Net income was $3.0 million, or $0.02 per share, while adjusted EPS was $0.24. Adjusted EBITDA was $91.3 million, representing 43% of total revenue.

Verra Mobility announced strong Q3 2023 results with a 6% increase in total revenue to $209.9 million and a net income of $30.3 million. The company highlighted the renewal of a key customer contract and an increase in financial guidance for 2023. The Board of Directors authorized a $100 million share repurchase program.

Verra Mobility announced strong second-quarter results, with total revenue reaching $204.5 million and net income of $19.1 million. The company is increasing its 2023 financial guidance based on year-to-date results and outlook for the remainder of the year.

Verra Mobility reported a strong first quarter in 2023, with a 13% increase in total revenue to $191.9 million compared to the previous year. The company's net income was $4.6 million, or $0.03 per share, and adjusted EPS was $0.26. The adjusted EBITDA increased to $87.9 million, representing 46% of total revenue.

Verra Mobility announced its Q4 2022 financial results, with revenue reaching $186.1 million, a 9% increase compared to Q4 2021. Net income was $28.2 million, or $0.13 per share, compared to $19.1 million, or $0.12 per share in Q4 2021. Adjusted EPS was $0.25 per share, compared to $0.24 per share for the same period last year. Adjusted EBITDA was $83.6 million, compared to $80.0 million for the same period last year.

Verra Mobility reported a strong third quarter with revenue of $197.7 million, a 22% increase compared to the third quarter of 2021. Net income was $24.6 million, or $0.15 per share, and adjusted EPS was $0.27 per share. Adjusted EBITDA was $90.9 million, representing 46% of total revenue.

Verra Mobility announced strong financial results for the second quarter of 2022, with total revenue of $187.5 million and net income of $29.6 million. The company's performance was driven by favorable secular trends, including robust travel demand and organic growth in both the Commercial Services and Government Solutions segments.

Verra Mobility announced strong Q1 2022 financial results with total revenue of $170.4 million and net income of $10.0 million. The company experienced significant growth across all business segments, driven by increased travel demand and the contributions from recent acquisitions. The Board of Directors authorized a $125 million share repurchase program.

Verra Mobility Corporation announced its Q4 2021 financial results, reporting a 70% increase in revenue to $169.9 million compared to the same period in 2020. Net income for the quarter was $19.1 million, or $0.12 per share, and adjusted EPS was $0.25 per share. Adjusted EBITDA was $79.9 million, representing 47% of total revenue.

Verra Mobility reported a strong third quarter with revenue of $162.1 million, a 67% increase year-over-year, and net income of $27.3 million, or $0.14 per share. The Commercial Services segment saw a 75% revenue increase, while the Government Solutions segment experienced 61% revenue growth. The company also made progress integrating Redflex, expecting continued synergies.

Verra Mobility reported a strong second quarter with revenue of $128.7 million, a 61% increase compared to the same period last year. The Commercial Services segment grew triple digits year-over-year, and the Government Solutions segment benefited from the NYC school zone speed camera program. Adjusted EBITDA also saw triple-digit year-over-year growth, with margins improving to approximately 53%.

Verra Mobility reported a decrease in total revenue to $89.9 million, a net loss of $(8.9) million, and an adjusted EPS of $0.12 for Q1 2021. The results were impacted by COVID-19 and variability in a single customer's buying patterns. Adjusted EBITDA was $40.3 million, with a margin of 45%.

Verra Mobility reported Q4 2020 financial results, with a total revenue of $100.2 million, down 11% compared to Q4 2019. The company experienced a net loss of $(1.4) million, compared to a net income of $9.2 million in the same period last year. Adjusted EBITDA was $45.8 million, compared to $59.6 million for the same period last year. The company is excited about the strategic acquisition of Redflex and the value it will add to our Government Solutions segment

Verra Mobility reported a decrease in revenue for Q3 2020 compared to Q3 2019, but demonstrated strong cash flow generation and a return to profitability. The company's Commercial Services segment was negatively impacted by COVID-19, while the Government Solutions segment continued to show strength.

Verra Mobility reported a decrease in revenue for the second quarter of 2020, with a total revenue of $79.8 million, down 27.2% compared to the same period in 2019. The company experienced a net loss of $(15.4) million, or $(0.10) per share. However, the company still provided robust adjusted EBITDA and positive free cash flow.

Verra Mobility announced its Q1 2020 financial results, reporting a revenue of $116.7 million, a net income of $6.7 million, and an adjusted EBITDA of $54.9 million. The company's performance was impacted by the COVID-19 pandemic, particularly affecting the Commercial Services segment due to reduced travel and rental car activity.

Verra Mobility reported Q4 2019 revenue of $112.5 million, up 18.2% compared to Q4 2018. Net income for the fourth quarter of 2019 was $9.2 million, or $0.06 per share. Adjusted EBITDA was $59.6 million for the fourth quarter of 2019, up 26.0% compared to $47.3 million in the fourth quarter of 2018.