Q3 2023 Financial Results
Verra Mobility announced its financial results for the third quarter, which ended September 30, 2023. Our team delivered strong recurring revenue growth and free cash flow generation.
Financial highlights from the third quarter of 2023 included:
On the quarterly earnings call, CEO David Roberts and CFO Craig Conti called out key elements driving our continued success, including strong travel volume, renewing a long-term rental car customer contract and the expansion of speed management programs across the U.S.
Our Board of Directors also approved a new stock repurchase program over the course of the next 18 months. This is the third share repurchase program that Board of Directors has authorized in the past two years.
Read about the latest financial and corporate performance and to listen to a replay of the third quarter 2023 earnings call by visiting Verra Mobility’s investor relations website.