Verra Mobility reports Q3 adjusted EPS 29c, consensus 27c

Reports Q3 revenue $209.9M, consensus $208.9M. “Our team delivered tremendous results for Q3, highlighted by strong recurring revenue growth and free cash flow generation,” said CEO David Roberts. “Additionally, we delivered on our commitments including renewing a key customer contract in our Commercial Services business and continuing to execute a balanced capital allocation strategy. With our focus on commercial excellence and the favorable trends in the markets we serve, we are again increasing our financial guidance and look forward to continuing our positive momentum as we close out the year.”