Loading...
•
Sep 30, 2022
Verra Mobility Q3 2022 Earnings Report
Verra Mobility announced financial results for the quarter ended September 30, 2022.
Key Takeaways
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.
Total revenue was $197.7 million, a 22% increase year-over-year.
Net income reached $24.6 million, or $0.15 per share.
Adjusted EPS was $0.27 per share, compared to $0.26 per share for the third quarter of 2021.
Adjusted EBITDA was $90.9 million, with a margin of 46%.
Revenue by Segment
Forward Guidance
Verra Mobility expects to deliver results at the higher end of its 2022 guidance for revenue and adjusted EBITDA.
Positive Outlook
- Total revenue at the higher end of the previously guided range of $720 million to $740 million
- Adjusted EBITDA at the higher end of the previously guided range of $325 million to $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
Loading earnings performance data...
Loading earnings reaction data...