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Jun 30, 2022
Verra Mobility Q2 2022 Earnings Report
Verra Mobility's financial performance for Q2 2022 demonstrated strong revenue growth and profitability.
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%.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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