Verra Mobility Q2 2022 Earnings Report
Key Takeaways
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.
Total revenue reached $187.5 million, a 46% increase compared to Q2 2021.
Net income was $29.6 million, or $0.15 per share.
Adjusted EPS was $0.29 per share, compared to $0.10 per share in Q2 2021.
Adjusted EBITDA was $88.8 million with a margin of 47%.
Verra Mobility
Verra Mobility
Verra Mobility Revenue by Segment
Forward Guidance
Verra Mobility increased its full-year guidance for total revenue to $720 million - $740 million and adjusted EBITDA to $325 million - $335 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income