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Verra Mobility Raises Full-Year 2022 Guidance
MESA, Ariz., July 19, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced
About this update from Verra Mobility Corporation
[{"type":"text","content":"MESA, Ariz., July 19, 2022 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it is raising its full-year guidance in conjunction with its investor day conference. \n\n \n \n \n \n \n \n\n \nBased on the company's year-to-date results and its outlook for the remainder of the year, the company is raising its full-year guidance for total revenue and adjusted EBITDA as follows:\nPrior Guidance1\nNew Guidance\nTotal Revenue\n$715M\n$720M to $740M\nAdjusted EBITDA\n$322M\n$325M to $335M\n1. Prior guidance represents the high end of the guidance ranges previously communicated in our first quarter 2022 earnings release issued on May 9, 2022. \n\"We continue to see strong secular trends driving revenue and adjusted EBITDA performance,\" said David Roberts, president and CEO, Verra Mobility. \"Travel demand remains robust across the United States, driving growth in our Commercial Services business, and our Government Solutions and T2 Systems business segments continue to generate strong results.\"\nVerra Mobility executives will discuss the company's growth strategy and long-term outlook at its in-person and virtual investor day conference beginning at 1:00 p.m. ET today, at the Nasdaq MarketSite, located at 151 West 43rd Street, 10th Floor, New York, NY 10036, and online at the company's investor relations website. Participants may register for and view a live webcast of the event at irday.verramobility.com. A recording of the event, as well as conference materials, will be available on the company's investor relations website at www.ir.verramobility.com\nAbout Verra Mobility\nVerra Mobility (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North Americ...