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 ...

Financial Data and Key Metrics Changes - Total revenue for the quarter increased by 6% year-over-year to $223 million, driven by outperformance across all business segments [6][16] - Adjusted EPS rose by 11% compared to the prior year, reflecting strong operating performance and share repurchases [6][18] - Consolidated adjusted EBITDA for the quarter was $95 million, an increase of approximately 3% year-over-year [17][18] - Net income for the quarter was $32 million, with an effective tax rate of 28% [17][18] Business Segment Data and Key Metrics Changes - Commercial Services revenue grew by 6% year-over-year, with RAC tolling revenue also increasing by 6% [19][20] - Government Solutions service revenue increased by 4% year-over-year, with total revenue growing by 8% due to product sales [20][21] - T2 Systems generated revenue of $20 million, with product revenue up 13% compared to the previous year [21][22] Market Data and Key Metrics Changes - TSA travel volume increased by 1% year-over-year, with expectations of a modest deceleration in travel volumes in the second half of 2025 [11][14] - The company noted a broader pullback in consumer confidence impacting travel demand, with potential implications for discretionary spending [11][14] Company Strategy and Development Direction - The company is focused on maintaining its position as a trusted technology provider for New York City's automated enforcement safety programs, with ongoing contract negotiations [7][8] - The Government Solutions segment is expected to benefit from a strong pipeline of photo enforcement programs, with a total addressable market (TAM) expansion anticipated [12][13] - The company is cautiously optimistic about its outlook while closely monitoring the economic environment and travel demand [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain economic environment and its potential impact on travel demand, suggesting a possible trend towards the lower end of guidance ranges [14][24] - The company reaffirmed its full-year 2025 financial guidance, factoring in variability in travel demand [24][25] - Management expressed confidence in the Government Solutions and T2 segments, indicating they are largely unaffected by economic sensitivity [14][26] Other Important Information - The company reported a net debt balance of $935 million, with a net leverage ratio of 2.3 times [22] - The ongoing ERP implementation is on schedule and on budget, with most processes now live [28] Q&A Session Summary Question: When is the expectation for the New York City contract to be finalized? - Management expects the contract to be finalized in the next sixty to ninety days [33] Question: Can you provide updates on the attractive pipeline for Q2 and city-level RFPs in California? - The company is ahead of its internal pipeline plan and is awaiting updates on RFPs submitted for San Jose and Oakland [35][36] Question: Are you seeing real-time revenue slow in Travel and Commercial Services? - Management indicated a slight decline in travel demand but emphasized that it is not material at this time [40][41] Question: How exposed is the company to international travel versus domestic travel? - The company primarily focuses on domestic travel, particularly in states where tolling activity is concentrated [75][76] Question: What are the initial steps being taken in T2 to improve that business? - Management noted small growth in T2, attributing it to improved commercial leadership and execution [73] Question: How does a potential recession influence long-term leverage targets? - Management stated that they would reassess leverage targets based on the macroeconomic environment, maintaining a target of three times net leverage [60]

Financial Data and Key Metrics Changes - Total revenue for the first quarter increased by 6% year-over-year to $223 million, driven by outperformance across all business segments [5][14] - Adjusted EPS rose by 11% compared to the prior year, reflecting strong operating performance and share repurchases [5][16] - Consolidated adjusted EBITDA for the quarter was $95 million, an increase of approximately 3% year-over-year [15] Business Segment Data and Key Metrics Changes - Commercial Services revenue grew by 6% year-over-year, with RAC tolling revenue also increasing by 6% due to modest travel demand growth [17][18] - FMC revenue increased by 12% year-over-year, driven by higher vehicle enrollment and tolling activity [7][17] - Government Solutions service revenue rose by 4% year-over-year, with total revenue growing by 8% due to product sales [18][19] - T2 Systems generated revenue of $20 million, with product revenue up 13% compared to the previous year [19] Market Data and Key Metrics Changes - TSA travel volume increased by 1% year-over-year, with expectations of a modest deceleration in travel volumes in the second half of 2025 [9][12] - The company noted a broader pullback in consumer confidence, which may impact travel demand [9] Company Strategy and Development Direction - The company is engaged in contract negotiations with the New York City Department of Transportation for a five-year contract to manage automated enforcement safety programs [6] - The company is maintaining its full-year 2025 financial guidance but acknowledges risks related to uncertain travel demand [12][21] - The Government Solutions segment is expected to generate high single-digit revenue growth driven by camera installations [24] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the outlook, closely monitoring the economic environment and travel demand [27] - The company anticipates that discretionary spending may be impacted, leading to potential softening in travel demand [9][12] Other Important Information - The company reported a net income of $32 million for the quarter, with an effective tax rate of 28% [15][16] - Free cash flow for the quarter was $42 million, exceeding internal expectations [16] Q&A Session Summary Question: When is the expectation for the New York City contract to be finalized? - Management expects the contract to be finalized in the next sixty to ninety days [30] Question: Can you provide updates on the attractive pipeline for Q2 and city-level RFPs in California? - The company is ahead of its internal pipeline expectations and is awaiting updates on RFPs for San Jose and Oakland [33] Question: Are you seeing a slowdown in Travel and Commercial Services revenue? - Management indicated a slight decline in travel demand but not significant enough to be material [39] Question: How exposed is the company to international travel versus domestic travel? - The company primarily focuses on domestic travel, particularly in states with significant tolling activity [72] Question: What are the initial steps being taken in T2 to improve that business? - Management has reinvigorated commercial leadership and execution, leading to small growth in T2 [71]

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 ...

Exhibit 99.1 Verra Mobility Announces First Quarter 2025 Financial Results MESA, Ariz., May 7, 2025 /PRNewswire/ – Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2025. "We delivered a strong first quarter with all key financial measures ahead of our internal expectations," said David Roberts, President and CEO, Verra Mobility. "We are maintaining our Full-Year 2025 financial gui ...