Verra Mobility Q4/FY2022 results: revenue $741.6M (+35% YoY), net income $92.5M, adjusted EPS $1.02

VERRA MOBILITY Corp

2022-FY EPS reported $0.50 revenue$94,318,000

Full year 2022 revenue $741.6M (+35% YoY); net income $92.5M ($0.50 diluted EPS); adjusted EPS $1.02.
Q4 2022 revenue $186.1M (+9% YoY); net income $28.2M ($0.13 diluted EPS); adjusted EPS $0.25.
Commercial Services segment revenue $81.6M (+14% YoY); Government Solutions $84.6M (-8% YoY) due to one-time product sales; Parking $19.9M (T2 acquisition).
Cash from operations $218.3M; cash $105.2M; Board authorized new $100M share repurchase program (18-month).
Entered $675M notional interest rate swap in Dec 2022 to hedge LIBOR; recorded $1.0M gain.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VERRA MOBILITY Corp reported the quarter and fiscal year ended December 31, 2022 results: revenue $741.6 million, net income $92.5 million, EPS $0.50 per share.

Period: the quarter and fiscal year ended December 31, 2022
Revenue: $741.6 million
Net income: $92.5 million
EPS: $0.50 per share
Result: reported results

Exact text from the filing

Full year 2022 revenue of $741.6 million • Full year 2022 net income of $92.5 million

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Source: SEC EDGAR

accession 0000950170-23-005534

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