Feb. 27 at 9:11 PM
$VRRM Verra Mobility reports Q4 adjusted EPS 33c, consensus 30c
Reports Q4 revenue
$221.5M, consensus
$220.46M. "We delivered a solid fourth quarter, highlighted by strong earnings and cash flow generation," said David Roberts, President and CEO, Verra Mobility. "Resilient Q4 travel demand drove continued strength in Commercial Services and increased demand for automated traffic enforcement drove solid performance in Government Solutions. Our business fundamentals are strong and intact.
Travel demand appears resilient and is expected to be a source of ongoing strength for Commercial Services. We expect that our strong sales bookings in Government Solutions will drive solid revenue growth over the foreseeable future and, we expect our Parking Solutions business to exit 2025 on a strong run-rate. Based on these factors, we anticipate that our long-term outlook remains intact relative to the 2026 Revenue and Adjusted EBITDA targets that we provided at our July 2022 Investor Day."
