secwatch.observer — SEC 8-K summary
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Issuer:     VERRA MOBILITY Corp (VRRM)
CIK:        0001682745
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017897
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verra Mobility Q1 revenue up 13% to $191.9M; Adjusted EPS $0.26 vs $0.22
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- Total revenue $191.9M, +13% YoY; service revenue grew 15%.
- Net income $4.6M ($0.03 diluted EPS) vs $10.0M ($0.06); includes $2.8M loss on interest rate swap.
- Adjusted EPS $0.26 vs $0.22; Adjusted EBITDA $87.9M (46% margin) vs $75.3M (44%).
- Segments: Commercial Services +17% to $85.6M; Government Solutions +9% to $85.9M; Parking +12% to $20.3M.
- Reaffirmed 2023 guidance; generated $45.2M cash from operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682745/000095017023017897/0000950170-23-017897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682745/000095017023017897/vrrm-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017897

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer