Verra Mobility Q3 revenue $225.6M (+7% YoY), raises FY 2024 adjusted free cash flow guidance

VERRA MOBILITY Corp

2024-Q3 EPS reported $0.58 revenue$83,577,000

Revenue $225.6M (+7% YoY); service revenue grew 8% driven by Commercial Services +11% and Government Solutions +7%.
Net income $34.7M ($0.21 diluted EPS) vs $30.3M ($0.18) a year ago; adjusted EPS $0.32 vs $0.29.
Adjusted EBITDA $104.7M (46% margin); net cash from ops $108.8M (+$46.4M YoY); adjusted free cash flow $85.1M vs $52.0M.
FY 2024 guidance: raises adjusted free cash flow to upper end of range; reaffirms revenue, adjusted EBITDA, and adjusted EPS guidance.

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