Verra Mobility Corp (OQ:VRRM)

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
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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

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