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FleetCor(FLT) - 2024 Q1 - Quarterly Results
2024-05-08 20:26
Exhibit 99.1 GAAP Results Non-GAAP Results 1 Corpay Reports First Quarter 2024 Financial Results Atlanta, Ga., May 8, 2024 — Corpay, Inc. (NYSE: CPAY), a leader in corporate payments, today reported financial results for its first quarter ended March 31, 2024. "Our results were in-line with our expectations. Overall organic revenue growth was 6% and our Corporate Payments segment grew 17%," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "Also, today we announced a definitive agreement t ...
Corpay Complete Wins "Spend Management Innovation Award" in 2024 FinTech Breakthrough Awards Program
Newsfilter· 2024-03-14 17:00
LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Corpay, a global leader in business payments, has been selected as winner of the "Spend Management Innovation Award" in the 8th annual FinTech Breakthrough Awards program, recognizing the breakthrough innovation of the Corpay Complete all-in-one spend management platform. Tailored ...
FLEETCOR Announces Rebranding to Corpay
Businesswire· 2024-03-07 13:00
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments company, announced today its plans to rebrand the Company to Corpay. The name change better reflects the Company’s current portfolio of corporate payment solutions. This name change will take effect on March 25, 2024 when the Company’s stock begins trading on the New York Stock Exchange under the new ticker symbol CPAY. “The Corpay name better represents what we do now, which is provide corporate p ...
FLEETCOR Invests in Brazilian Vehicle Payments Company
Businesswire· 2024-03-06 21:05
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the closing of a majority investment in Zapay. The investment further scales FLEETCOR’s Vehicle Payments business in Brazil and provides access to two million drivers who use Zapay’s mobile app and website each month. Zapay is Brazil’s first digital mobility solution for paying vehicle taxes, registration, and tickets, and is the only company integrated to the National Traffic De ...
Here's Why FleetCor Technologies (FLT) is a Strong Growth Stock
Zacks Investment Research· 2024-03-04 15:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Styl ...
FleetCor(FLT) - 2023 Q4 - Annual Report
2024-02-28 16:00
In executing our strategy, we are advantaged by leveraging our competitive strengths: • Global Scale – We have strong market positions across four continents. This enables us to provide new offerings with better cost economics, sell complementary products, acquire attractive assets that can leverage existing infrastructure and cost synergies, and introduce successful products and practices from other markets. • Compounding Growth Model – Our growth model historically benefits from strong revenue retention, ...
Fleetcor: A High-Quality Company Undervalued On Multiple Fronts
Seeking Alpha· 2024-02-19 04:51
JulPo FLEETCOR (NYSE:FLT) is an overlooked quality company and, given the current share prices, is looking attractive. We explored various valuation methods including a quantitative DCF model and relative valuation and found FLT to be significantly undervalued. It has underperformed the S&P500 over the past five years while clocking in revenue and EPS growth of over 50%. The Company FLEETCOR enables its clients to manage their expense-related purchasing and vendor payments. The company categorizes its o ...
FLEETCOR to Participate in Upcoming Investor Conferences
Businesswire· 2024-02-16 13:59
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that the Company will participate in the following investor conferences: On, Wednesday February 21, 2024, the Company will host a fireside chat at the Bank of America Financial Services Conference. The discussion will begin at 12:10 PM ET. On, Wednesday February 28, 2024, the Company will host a fireside chat at the Citi 13th Annual FinTech Conference. The discussion will begin ...
Why FleetCor Technologies (FLT) is a Top Growth Stock for the Long-Term
Zacks Investment Research· 2024-02-15 15:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...
FLEETCOR's (FLT) Q4 Earnings and Revenues Miss Estimates
Zacks Investment Research· 2024-02-08 17:10
FLEETCOR Technologies, Inc. (FLT)  reported unimpressive fourth-quarter 2023 results as both earnings and revenues lagged the respective Zacks Consensus Estimate.   Adjusted earnings (excluding 96 cents from non-recurring items) of $4.44 per share missed the consensus estimate by a slight margin but grew 9.9% year over year.  Revenues of $937.3 million missed the consensus mark by 3.2% but increased 6.1% year over year on a reported basis.Let’s check out the numbers in detail.Revenues in DetailThe company h ...