Core Insights - Volatus Aerospace Inc. is hosting a webinar on March 25 to discuss the evolving geopolitical landscape and its strategic responses [1][2] - The company is focusing on mitigating challenges from recent tariffs and trade policies between Canada and the US through diversified supply chains and international partnerships [2][3] - Recent partnerships with Kongsberg Geospatial, Dufour, and Ondas Holdings are aimed at accelerating the commercialization of RPAS technologies [3][4] Company Strategy - The company emphasizes the importance of diversifying its supply chain and enhancing collaborations with allied nations to stay competitive [3] - Volatus aims to safeguard its operations and prepare for future market expansions by aligning with partners committed to innovation and regulatory compliance [3][5] - The strategic partnerships are not only enhancing technological capabilities but also expanding market reach and operational capabilities globally [4][5] Industry Context - The webinar will provide insights into how Volatus is navigating geopolitical shifts and positioning itself for robust growth and innovation in the RPAS market [5] - The company serves various industries, including oil and gas, utilities, healthcare, and public safety, focusing on enhancing operational efficiency, safety, and sustainability [6]

Revenue and Income - Net revenues for 2024 reached $3,974,589, an increase of 5.8% compared to $3,757,719 in 2023[432] - Net income attributable to Corpay for 2024 was $1,003,746, reflecting a growth of 2.9% from $981,890 in 2023[432] - Basic earnings per share attributable to Corpay rose to $14.27, up from $13.42, marking an increase of 6.3%[432] - Consolidated revenues for the year ended December 31, 2024, were $3,974.6 million, representing an increase from $3,757.7 million in 2023 and $3,427.1 million in 2022[519] - Revenues from contracts with customers accounted for approximately 85% of consolidated revenues for both 2024 and 2023[517] - Vehicle Payments segment generated $2,008.8 million in revenue for 2024, slightly up from $2,005.5 million in 2023[519] - Corporate Payments segment saw significant growth, with revenues increasing to $1,221.9 million in 2024 from $981.1 million in 2023, marking a 24.5% increase[519] - Float revenue from invested customer funds represented approximately 3% of consolidated revenues in 2024, up from 2% in 2023[518] Assets and Liabilities - Total assets increased to $17,957,031, up from $15,476,252, representing a growth of 16.0% year-over-year[429] - Total current liabilities increased to $8,707,881, compared to $6,825,753 in the previous year, a rise of 27.5%[430] - Total stockholders' equity decreased to $3,145,989 from $3,282,359, a decline of 4.2%[430] - The Company reported net accounts and securitized accounts receivable of $3.414 billion as of December 31, 2024, compared to $3.469 billion in 2023[497] - The Company’s total gross receivables decreased to $3.547 billion in 2024 from $3.649 billion in 2023[497] - Total assets measured at fair value as of December 31, 2024, were $2,168.2 million, with total liabilities at $739.4 million[530] Goodwill and Impairment - The company recognized a goodwill impairment loss of $90 million related to the Payroll Card reporting unit in 2024, with total goodwill at $6.0 billion[421] - The Company recognized a goodwill impairment loss of $90 million related to the Payroll card reporting unit due to decreased usage and increased costs of capital[462] - The Company has approximately $57 million of goodwill remaining related to the Payroll card reporting unit following the impairment[462] - Goodwill increased to $5.98 billion by December 31, 2024, reflecting acquisitions and adjustments, with $383.9 million attributed to recent acquisitions[565][567] Debt and Interest Rates - The company had $6.7 billion of variable rate debt outstanding as of December 31, 2024, an increase from $5.4 billion in 2023[405] - A 100 basis point change in market interest rates would have changed interest expense by approximately $22 million in 2024 and $14 million in 2023[406] - Total debt increased to $7.996 billion in 2024 from $6.723 billion in 2023, representing a 18.9% increase[579] - Term Loan A interest rate decreased to 5.83% in 2024 from 6.83% in 2023, while Term Loan B interest rate decreased to 6.11% from 7.21%[582] - The effective interest rate incurred on term loans was 6.87% during 2024[584] Cash Flow and Investments - Net cash provided by operating activities decreased to $1,940,565 in 2024 from $2,101,132 in 2023, a decline of 7.7%[442] - Total cash and cash equivalents at the end of 2024 increased to $4,456,345 from $3,141,535 in 2023, representing a growth of 42.0%[442] - The Company made a $37.4 million investment in a joint venture with a Brazilian bank in 2021, classified as an equity method investment[466] - The Company capitalized software costs of $136.3 million, $128.0 million, and $120.5 million in 2024, 2023, and 2022, respectively[469] - Cash paid for interest increased to $496,098 in 2024 from $448,384 in 2023, reflecting an increase of 10.6%[442] Foreign Currency and Exchange Rates - International revenues accounted for 47.7% of total revenues in 2024, up from 45.6% in 2023[403] - A hypothetical 10% change in foreign currency exchange rates could have impacted consolidated operating income by approximately $97.8 million in 2024, compared to $86.0 million in 2023[403] - The company reported a foreign currency translation loss of $496,534 in 2024, compared to a gain of $140,089 in 2023[436] - The Company recorded net foreign exchange losses of $9.2 million in 2024, compared to $4.8 million in 2023[477] - The Company reported foreign currency losses on long-term intra-entity transactions of $132.0 million in 2024[477] Acquisitions - The acquisitions of Paymerang and GPS Capital Markets, LLC were completed for total estimated purchase consideration of $179.2 million and $576.2 million, respectively[424] - In 2024, the Company acquired 70% of Zapay for approximately $59.5 million, with goodwill recorded at approximately $73.2 million[553] - The Company acquired 100% of Paymerang for approximately $179.2 million, with goodwill recorded at approximately $308.1 million[554] - The total consideration paid for the 2024 acquisitions was approximately $814.9 million, net of cash and cash equivalents of $509.0 million[556] Taxation - The total provision for income taxes for 2024 was $381,381 thousand, representing an increase from $343,115 thousand in 2023 and $321,333 thousand in 2022[592] - The computed "expected" tax expense for 2024 was $290,877 thousand, reflecting a tax rate of 21.0% consistent with the previous two years[592] - The valuation allowance decreased by $52.8 million in 2024, primarily due to the release of a deferred tax asset related to foreign tax credits[595] - The unrecognized tax benefits at December 31, 2024, increased to $95,460 thousand from $63,106 thousand in 2023[598] - The accumulated interest and penalties related to unrecognized tax benefits were $36.8 million as of December 31, 2024, compared to $30.7 million in 2023[597]

TORONTO and BOSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2JEQU) ("Volatus" or "the Company") and Boston-based Ondas Holdings Inc. (Nasdaq: ONDS) announced today a strategic partnership through Ondas' subsidiary, American Robotics, Inc. (“American Robotics”). Through this partnership, Volatus Aerospace will market and support American Robotics’ Optimus System – a state-of-the-art, fully autonomous drone platform designed to provide persistent, 24/7 ...

Atlanta, Ga., February 5, 2025 — Corpay, Inc. (NYSE: CPAY), a corporate payments company, today reported financial results for its fourth quarter and year ended December 31, 2024. "We had a great finish to 2024, delivering fourth quarter organic revenue growth of 12% and adjusted EPS growth of 21%, which are both above our mid-term growth targets," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "We delivered Corporate Payments growth of 20% for the full year, and we made meaningful adva ...

MADRID and CAMBRIDGE, Mass., June 14, 2024 (GLOBE NEWSWIRE) -- Oryzon Genomics, S.A. (ISIN Code: ES0167733015, ORY), a clinical-stage biopharmaceutical company leveraging epigenetics to develop therapies in diseases with strong unmet medical need, today presents preliminary data from its ongoing Phase Ib FRIDA study investigating iadademstat in combination with gilteritinib in relapsed/refractory acute myeloid leukemia (AML) patients harboring a FMS-like tyrosine kinase mutation (FLT3 mut+) at the European ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ FORM 10-Q _________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...

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 ...

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 ...

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 ...

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 ...