Verra Mobility Corp Stock Price, News & Analysis

Verra Mobility (NASDAQ: VRRM) is enhancing its European operations with several new contracts and partnerships aimed at improving toll and violation management solutions. Key agreements include a contract with the UK Department for Transport to manage unpaid road user charges and a partnership with the Joint Air Quality Unit for Clean Air Zone compliance. Additionally, the company has joined the Association of Electronic Toll and Interoperable Services (AETIS) to support efficient electronic tolling in Europe. These developments position Verra Mobility as a leader in smart mobility technology within the evolving European transportation sector.

Verra Mobility (NASDAQ: VRRM) announced new solutions enhancing efficiencies and compliance for commercial fleets. Key offerings include the TollLink™ nationwide toll management system, facilitating toll payments via a single device. The company partnered with Car IQ for connected vehicle payment solutions and is piloting toll transactions with a California toll authority. Additionally, Verra has collaborated with Reviver for digital license plate processing. These initiatives aim to streamline operations for over 5.8 million vehicles globally, improving cost management and toll compliance.

Verra Mobility Corporation (NASDAQ: VRRM) will host an investor day on July 19, 2022, at 1:00 p.m. ET, at the Nasdaq MarketSite in New York and virtually. Key executives, including CEO David Roberts, CFO Craig Conti, and others will discuss the company's long-term growth strategy, financial outlook, and capital allocation priorities. The event aims to explore growth opportunities and enhance shareholder value. Investors can register and find the agenda at irday.verramobility.com.

Verra Mobility (NASDAQ: VRRM) announced its participation in two investor conferences in June 2022. CEO David Roberts and CFO Craig Conti will present at the Baird 2022 Global Consumer, Technology & Services Conference on June 8 at 9:40 AM EDT. A live presentation will be available on the company's website. They will also attend the William Blair 42nd Annual Growth Stock Conference on June 9 at 3:40 PM EDT, with a webcast link accessible on their Investor Relations page. Verra Mobility is a leader in smart mobility technology solutions.

On May 9, 2022, Verra Mobility announced a share repurchase program, allowing up to $125 million of its Class A common stock to be repurchased over the next twelve months. This decision reflects the Board's confidence in Verra's strong fundamentals and cash flow generation. The program aims to enhance long-term shareholder value by reallocating excess capital. Repurchases will vary based on market conditions and the company's capital position, executed under applicable regulations.

Verra Mobility Corporation (NASDAQ: VRRM) reported strong first-quarter 2022 results, with total revenue reaching $170.4 million, up 89.6% year-over-year. Net income stood at $10.0 million, compared to a net loss of $8.9 million in Q1 2021. The company experienced robust growth across all business segments, with notable contributions from recent acquisitions. Additionally, the board approved a $125 million share repurchase program. Verra Mobility is expected to perform at the high end of its financial guidance for the year, bolstered by increased travel demand.

Verra Mobility (NASDAQ: VRRM) will report its financial results for Q1 2022, ending March 31, 2022, after market close on May 9, 2022. The conference call, hosted by CEO David Roberts and CFO Craig Conti, is scheduled for 5:00 p.m. ET on the same day, accessible via U.S. and international phone numbers. An audio replay will be available until May 23, 2022. Verra Mobility focuses on smart mobility solutions, partnering with law enforcement and commercial fleets across North America and globally. The company emphasizes safety and efficiency in transportation through advanced technology.

Verra Mobility Corporation (NASDAQ: VRRM) announced strong financial results for 2021, with total revenue of $550.6 million, a 40% increase from 2020. The fourth quarter revenue rose to $169.9 million, up 70% year-over-year. Net income for the year reached $41.4 million, or $0.25 per share, compared to a net loss in 2020. The company highlighted successful acquisitions, including Redflex and T2 Systems, and secured a five-year contract extension with Fox Rent A Car. Positive guidance anticipates a recovery in travel demand.

Verra Mobility (NASDAQ: VRRM) will report its fourth quarter financial results on April 21, 2022, after market close. The earnings call will take place at 5:00 PM ET, hosted by CEO David Roberts and CFO Tricia Chiodo. Investors can join the call through designated phone lines and access a live webcast on the company's Investor Relations page. An audio replay will be available until May 5, 2022. The company specializes in smart mobility technologies and services for the transportation sector, operating globally and focusing on safe city initiatives.