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
Based 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:
1. Prior guidance
represents the high end of the guidance ranges previously
communicated in our first quarter
2022 earnings release issued on May 9, 2022.
"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."
Verra 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
About Verra Mobility
Verra 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 America, Europe, Asia
and Australia. For more
information, please visit www.verramobility.com.
Forward Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
about Verra Mobility's plans, objectives, expectations, beliefs and
intentions and other statements including words such as "hope,"
"anticipate," "may," "believe," "expect," "intend," "will,"
"should," "plan," "estimate," "predict," "continue" and "potential"
or the negative of these terms or other comparable terminology. The
forward-looking statements herein represent the judgment of the
Verra Mobility, as of the date of this release, and Verra Mobility
disclaims any intent or obligation to update forward-looking
statements. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those currently anticipated. This press release should be read
in conjunction with the information included in Verra Mobility's
other press releases, reports and other filings with the SEC and on
the SEC website, www.sec.gov. Understanding the information
contained in these filings is important in order to fully
understand Verra Mobility's reported financial results and our
business outlook for future periods. Actual results may differ
materially from the results anticipated in the forward-looking
statements and the assumptions and estimates used as a basis for
the forward-looking statements.
We periodically provide information for investors on our
corporate website, www.verramobility.com, and our investor
relations website, ir.verramobility.com.
We intend to use our website as a means of disclosing material
non-public information and for complying with disclosure
obligations under Regulation FD. Accordingly, investors should
monitor our website, in addition to following the Company's press
releases, SEC filings and public conference calls and webcasts.
Notably, the presentation and webcast from the investor day event
will be made available on our investor relations website.
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SOURCE Verra Mobility