Verra Mobility (VRRM) FY Conference June 04, 2025 04:20 PM ET Speaker0 You said I'll stand. Or I'll wait till Lou's gonna intro intro us first. Speaker1 Great. Good afternoon. I am Louie DiPalma. I cover Smart City Technologies on William Blair's equity research team. This is day two of the forty fifth annual William Blair Growth Stock Conference. We're pleased to be hosting a hybrid presentation fireside chat with the management team of VeriMobility. Joining me today are CEO, David Roberts CFO, Craig Conti ...

Summary of Verra Mobility (VRRM) 2025 Conference Call Company Overview - **Company**: Verra Mobility (VRRM) - **Industry**: Smart mobility solutions, including tolling, automated enforcement, and parking management - **Segments**: - Government Solutions - Commercial Services - Parking - **Global Presence**: Operates in 17 countries with 1,900 employees [4][5] Core Business Insights - **Government Solutions**: - Leading provider of automated enforcement in North America, including red light and speed cameras [7] - Significant contract renewal with New York, which accounts for 15% to 17% of revenue [32][34] - Current camera count in New York is approximately 3,000, with plans to add 450 more red light cameras [39][38] - **Commercial Services**: - Number one provider of toll management solutions for commercial fleets in the U.S. [5] - High single-digit growth expected, driven by increased toll road construction and cashless tolling [18][20] - Growth strategy includes expanding product offerings and increasing adoption rates among rental car companies [19][21] - **Parking Business**: - Provides software and hardware solutions for municipalities and universities [8] - Recent management changes aimed at stabilizing and improving sales execution [72] Financial Performance - **Revenue Growth**: - Strong revenue growth over the past several years, with a significant portion being recurring revenue (approximately 90%) [8] - Non-New York service revenue expected to grow double digits in 2025 [43] - **Margins**: - Government Solutions margins have slightly decreased but are expected to stabilize in the high 20s to 30% range [69] - Overall business expected to accrete margins of 50 basis points annually [69] Market Dynamics - **Travel Correlation**: - Business growth is correlated with travel data; however, the company has built in some insulation against potential travel declines [24][88] - Current travel growth is slightly better than last year, but expectations are tempered due to potential market fluctuations [25][26] - **Competitive Landscape**: - Verra Mobility holds a 70% market share in the U.S. for government solutions [63] - The company has a strong backlog, representing about 13% of revenue, which could lead to significant growth in future quarters [52] Risks and Challenges - **Travel Dependency**: - The biggest risk is a significant decline in travel, which could impact revenue from rental car partnerships [88][89] - Historical context provided with a 99% drop in business during COVID-19 [88] Strategic Initiatives - **Technology Integration**: - Exploring partnerships with OEMs to embed tolling technology directly into vehicles [15] - Continuous investment in new technology to meet evolving client needs, particularly in New York [35] - **Capital Allocation**: - Focus on growth through acquisitions and share buybacks, with a strong cash flow generation strategy [81][84] - Over $500 million in share buybacks executed in recent years [86] Conclusion Verra Mobility is positioned as a leader in the smart mobility sector with strong growth prospects driven by government contracts, commercial services, and a focus on technology integration. The company faces risks primarily related to travel fluctuations but has strategies in place to mitigate these risks and capitalize on market opportunities.

Report highlights Company's successes and approach to corporate responsibility, which is built on four pillars: community, planet, people and governanceMESA, Ariz., May 28, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced it has published its 2024 Corporate Responsibility Report.A copy of the Company's Corporate Responsibility Report can be downloaded by visiting www.verramobility.com/corporate-responsibility."We take great ...

MESA, Ariz., May 27, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will participate in two upcoming investor conferences.David Roberts, President and CEO, Craig Conti, Chief Financial Officer, and Jon Baldwin, EVP Government Solutions, are scheduled to present at the Baird 2025 Global Consumer, Technology & Services Conference on Tuesday, June 3, 2025, at 9:05am ET.Mr. Roberts and Mr. Conti will also present ...

Prestigious recognition is based entirely on what current U.S. employees say about their experience working at the companyMESA, Ariz., May 22, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today it has been Certified™ by Great Place to Work® for the fourth year in a row.This significant recognition is based entirely on survey responses from current employees in the U.S. When surveyed in 2025, 81% of employees believed Ver ...

VERRA MOBILITY CORP (VRRM) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.33, delivering a surprise of 10%.Over the last four quarters, the company ...

Verra Mobility (VRRM) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Mark Zindler - Investor RelationsDavid Roberts - President and Chief Executive OfficerCraig Conti - Chief Financial OfficerDaniel Moore - Director of ResearchRodney McFall - Senior Equity Research Associate Conference Call Participants Nik Cremo - Executive Director, Lead Equity Research Analyst - Payments & FinTechLouie Dipalma - Research AnalystDavid Koning - Senior Research Analyst Operator and thank you for standin ...

Verra Mobility (VRRM) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 and thank you for standing by. This concludes Verily's First Quarter twenty Results Conference Call. My name is Michelle, and I'll be your conference operator today. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You would then hear an automated message by asking your hand is raised. To withdraw your question, please press 11 again. Please be ...

Earnings Overview Verra Mobility Q1 2025 Earnings Presentation For the Quarter Ended March 31, 2025 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements which address our expected future business and financial performance, and may contain words such as "goal," "target," "future," "estimate," "expect," "anticipate," "intend," "plan," "believe," "seek," "project," "may," "should," "will" or similar expressions. Forward-looking statements include statements regarding changes and tre ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. | (Title of Each Class) | (Trading Symbol) | (Name of Each Exchange on Which Registered) | | --- | --- | --- | | Class A Common St ...