Verra Mobility Corp Stock Price, News & Analysis

Verra Mobility Corporation (NASDAQ: VRRM) has appointed Jon Keyser as Executive Vice President and Chief Legal Officer, effective December 19, 2022. Keyser joins from Honeywell (NASDAQ: HON), where he was Vice President and General Counsel in a $10 billion revenue division. His experience includes managing legal operations and corporate governance, crucial for Verra Mobility's growth. CEO David Roberts expressed confidence that Keyser's skills align with the company’s mission of enhancing transportation safety and efficiency.

Car IQ Inc. has partnered with Verra Mobility (NASDAQ: VRRM) to enhance fleet payment solutions by integrating toll payment services. This collaboration allows fleets to connect seamlessly with tolling solutions, eliminating the need for credit or debit cards. Car IQ Pay will provide a unified billing platform for various services, improving the tolling experience. The service offers toll violation protection, allowing vehicles to register their license plates nationally, ensuring timely toll payments and reducing penalties.

Verra Mobility Corporation (NASDAQ: VRRM) will participate in two major investor conferences. CFO Craig Conti will present at the BofA Securities 2022 Leveraged Finance Conference on November 29, 2022, at 8:10 AM ET. CEO David Roberts and CFO Conti will also present at the Credit Suisse 26th Annual Technology Conference on November 30, 2022, at 10:55 AM MT (12:55 PM ET). Investors can access live webcasts and replays of both events via the company’s investor relations site.

On November 8, 2022, Verra Mobility Corporation (NASDAQ: VRRM) announced its participation in the Furey Research Partners 2022 Hidden Gems Conference. Key executives, including David Roberts and Craig Conti, will present, with the presentation available on the company's website under the Investor Relations section. Verra Mobility is recognized for its innovative smart mobility technology solutions that enhance transportation safety and efficiency worldwide.

Verra Mobility Corporation (NASDAQ: VRRM) reported strong financial results for Q3 2022, with total revenue reaching $197.7 million, up 22% from Q3 2021. Net income was $24.6 million or $0.15 per share. The company experienced significant growth in its Commercial Services and Government Solutions segments, driven by increased travel and tolling activity. Adjusted EBITDA was $90.9 million, reflecting a 46% margin. For the year-to-date, revenue increased 46% to $555.5 million, with net income of $64.3 million.

Verra Mobility Corporation (NASDAQ: VRRM) will report its third-quarter financial results for the period ending September 30, 2022, on November 2, 2022, after market close. The announcement includes a conference call hosted by CEO David Roberts and CFO Craig Conti at 5:00 p.m. ET the same day. Investors can access the call via phone or through a live webcast. Verra Mobility continues to focus on providing smart mobility technology solutions globally, aiming to enhance transportation safety and efficiency for its customers.

Verra Mobility (NASDAQ: VRRM), a leader in smart mobility technology, announced that its CFO Craig Conti will present at the Deutsche Bank Leveraged Finance Conference on September 20, 2022, at 11:00 a.m. EDT. Investors can access the live webcast and replay from the Investor Calendar on Verra Mobility's website. The company focuses on enhancing transportation safety and efficiency through innovative solutions that include hardware, software, data, and services.

Verra Mobility Corporation (NASDAQ: VRRM) reported strong Q2 2022 financial results, with total revenue up 46% year-over-year to $187.5 million, and net income increasing to $29.6 million or $0.15 per share. Key drivers included robust travel demand enhancing Commercial Services revenue by 28%. Adjusted EPS rose to $0.29, and adjusted EBITDA reached $88.8 million with a margin of 47%. The company held its inaugural investor day, emphasizing growth strategies and increased financial guidance for 2022.

Verra Mobility Corporation (NASDAQ: VRRM) will release its financial results for the second quarter ending June 30, 2022, on August 3, 2022, after market close. A conference call hosted by CEO David Roberts and CFO Craig Conti will take place at 5:00 p.m. ET the same day to discuss the results with investors and analysts. Investors can access the call via a provided number or a live webcast on the company's Investor Relations website. An audio replay will be available until August 17, 2022.