Verra Mobility Q1 2022 Earnings Report
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.
Verra Mobility
Verra Mobility
Verra Mobility 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