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Mar 31, 2022
Verra Mobility Q1 2022 Earnings Report
Verra Mobility reported strong growth and profitability in Q1 2022, driven by macro trends and strategic acquisitions.
Key Takeaways
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.
Total revenue for Q1 2022 was $170.4 million, an 89.6% increase compared to Q1 2021.
Net income for Q1 2022 was $10.0 million, or $0.06 per share.
Adjusted EPS for Q1 2022 was $0.20 per share, compared to $0.12 per share for the same period last year.
Adjusted EBITDA was $75.3 million for Q1 2022, compared to $40.3 million for the same period last year.
Revenue by Segment
Forward Guidance
Based on the first-quarter results and the outlook for the remainder of the year, Verra Mobility expects to deliver results at the high-end of the guidance range for all revenue measures and Adjusted EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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