secwatch.observer — SEC 8-K summary
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Issuer:     VERRA MOBILITY Corp (VRRM)
CIK:        0001682745
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-094008
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 Q2 2024 revenue up 9% to $222.4M, net income $34.2M, reaffirms FY guidance
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- Revenue $222.4M (+9% YoY), net income $34.2M ($0.20 EPS) vs $19.1M ($0.13) last year.
- Adjusted EBITDA $102.2M, margin 46%; adjusted EPS $0.31 vs $0.29 YoY.
- Government Solutions revenue +11% to $97.7M; Commercial Services +10% to $104.0M; Parking -5% to $20.7M.
- Repurchased 2.0M shares for $51.5M in June 2024; $48.5M remains under $100M program.
- Reaffirmed 2024 full-year guidance; strong bid pipeline for automated enforcement programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682745/000095017024094008/0000950170-24-094008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682745/000095017024094008/vrrm-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094008

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