Stryker shares tumble despite strong Q2 results and raised guidance
Verra Mobility Corp (NASDAQ:VRRM), a $3.91 billion market cap provider of transportation services with impressive gross margins of 61%, announced the results of its 2025 annual meeting of stockholders held on Monday. According to InvestingPro data, the company maintains strong financial health with a "GOOD" overall rating, supported by management’s aggressive share buyback program. The meeting saw the election of two Class I directors and the approval of executive compensation, as well as the ratification of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
The directors elected are Douglas Davis and Cynthia Russo, who will serve until the annual meeting of stockholders in 2028 or until their successors are duly elected and qualified. The votes for Douglas Davis were 102,451,561 for and 42,828,592 withheld, with 4,245,525 broker non-votes. Cynthia Russo received 139,920,735 votes for and 5,359,418 withheld, with the same number of broker non-votes.
The compensation of the company’s named executive officers was approved on a non-binding basis with 137,349,455 votes for, 7,842,911 against, and 87,787 abstentions, alongside 4,245,525 broker non-votes.
Deloitte & Touche LLP was ratified as the company’s independent registered public accounting firm with an overwhelming majority of 149,357,767 votes for, 107,560 against, and 60,351 abstentions.
No other proposals were submitted to a vote at the Annual Meeting. The information is based on a press release statement.
In other recent news, Verra Mobility Corporation reported its Q1 2025 earnings, surpassing analysts’ expectations with an adjusted earnings per share (EPS) of $0.30, slightly above the forecasted $0.29. The company also reported a revenue of $223 million, exceeding the anticipated $221.43 million and marking a 6% increase year-over-year. Additionally, Verra Mobility has expanded its credit facility to $125 million, up from $75 million, in an agreement with Bank of America, N.A., which enhances its financial flexibility. This expansion could support the company’s growth initiatives or operational needs. The company also secured a significant contract with New York City for a transportation safety program, which is expected to be finalized within 60-90 days. Furthermore, Verra Mobility maintained its full-year 2025 guidance, projecting total revenue between $925 million and $935 million. The company continues to monitor economic conditions closely, especially regarding travel demand. Analyst firms have not issued any recent upgrades or downgrades for the company.
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