Sector: Industrials | Industry: Business Support Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1150 N Alma School Rd MESA AZ 85201-3000 |
Tel: | N/A |
Website: | https://www.verramobility.com |
IR: | See website |
Key People | ||
David K. Roberts President, Chief Executive Officer, Director | Craig C. Conti Chief Financial Officer, Executive Vice President | Norman Blake President of T2 Systems |
Cate Prescott Executive Vice President and Chief People Officer | Jonathan Baldwin Executive Vice President - Government Solutions | Jonathan Keyser Executive Vice President, Chief Legal Officer |
Steve Lalla Executive Vice President - Commercial Services | Hiten Patel Chief Accounting Officer |
Business Overview |
Verra Mobility Corporation provides smart mobility technology solutions across the United States, Australia, Europe, and Canada. The Company has three segments. Commercial Services segment is a provider of automated toll and violations management, and title and registration solutions to rental car companies (RACs) and fleet management companies (FMCs) and other large fleet owners in North America. In Europe, the segment provides violations processing through Euro Parking Collection plc and consumer tolling services through Pagatelia S.L.U. Government Solutions segment is a provider of automated safety solutions in the United States, Canada, and Australia to state and local governments. In the United States, the segment provides government agencies with road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes. Parking Solutions segment provides an end-to-end commercial parking management solution in the markets of North America. |
Financial Overview |
For the nine months ended 30 September 2024, Verra Mobility Corp revenues increased 8% to $657.7M. Net income increased 82% to $98.1M. Revenues reflect Commercial Services segment increase of 11% to $309M, Government Solutions segment increase of 9% to $287.8M. Net income benefited from Operating expenses decrease of 61% to $76M (expense), Selling general and administrative decrease of 63% to $42.5M (expense). |
Employees: | 1,788 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,170M as of Sep 30, 2024 |
Annual revenue (TTM): | $868.72M as of Sep 30, 2024 |
EBITDA (TTM): | $310.19M as of Sep 30, 2024 |
Net annual income (TTM): | $101.13M as of Sep 30, 2024 |
Free cash flow (TTM): | $149.89M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | $831.09M as of Sep 30, 2024 |
Shares outstanding: | 164,804,157 as of Oct 25, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |