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Verra Mobility ( (VRRM) ) has issued an announcement.
Verra Mobility reported a strong third quarter of 2024, with a 7% increase in total revenue to $225.6 million driven by robust travel demand and automated traffic enforcement. The company achieved a net income of $34.7 million and increased its free cash flow guidance, highlighting solid performance in its Commercial Services and Government Solutions segments. Verra Mobility also announced a share repurchase program, reaffirmed its full-year guidance, and shared a preliminary view of revenue growth for 2025.
For an in-depth examination of VRRM stock, go to TipRanks’ Stock Analysis page.