secwatch.observer — SEC 8-K summary
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Issuer:     VERRA MOBILITY Corp (VRRM)
CIK:        0001682745
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062035
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verra Mobility Q3 revenue $209.9M, +6% YoY; net income $30.3M; raises FY guidance; new $100M buyback
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- Revenue $209.9M (+6% YoY); net income $30.3M ($0.18 diluted EPS) vs $24.6M ($0.15) prior year.
- Adjusted EPS $0.29 vs $0.27; Adjusted EBITDA $97.4M (46% margin) vs $90.9M.
- Commercial Services revenue +14% to $98.1M; Government Solutions +1%; Parking Solutions -2%.
- Company raises full-year 2023 guidance (specific new numbers not disclosed in release).
- Board approves new $100M share repurchase program over 18 months; prior $100M program completed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682745/000095017023062035/0000950170-23-062035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682745/000095017023062035/vrrm-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062035

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