secwatch.observer — SEC 8-K summary
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Issuer:     VERRA MOBILITY Corp (VRRM)
CIK:        0001682745
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000950170-24-119558
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682745/000095017024119558/0000950170-24-119558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682745/000095017024119558/vrrm-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119558

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