secwatch.observer — SEC 8-K summary
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Issuer:     VERRA MOBILITY Corp (VRRM)
CIK:        0001682745
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0000950170-23-005534
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682745/000095017023005534/0000950170-23-005534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682745/000095017023005534/vrrm-20230301.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-005534

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