Core Insights - Element Fleet Management Corp. is the largest publicly traded pure-play automotive fleet manager globally [3] - The company will announce its Q2 2025 financial results on August 6, 2025, after market close [1] - A conference call and webcast for investors and analysts will take place on August 7, 2025, at 8:00 a.m. Eastern Time [1][2] Company Overview - Element Fleet Management provides a comprehensive range of sustainable and intelligent mobility solutions aimed at optimizing fleet performance [3] - The company's services include vehicle acquisition, maintenance, route optimization, risk management, and remarketing, as well as advising on decarbonization and electric vehicle integration [3] - Element leverages its scale and expertise to help clients reduce operating costs and enhance efficiency [3]

TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, confirmed today that all ten nominees listed in its management information circular dated March 19, 2025 were elected as directors at the Annual Meeting of Shareholders held on May 2, 2025 (the “Meeting”), with each director receiving strong support as demonstrated by the results below. A total of 349,202,443 common sha ...

Core Insights - Element Fleet Management Corp. reported solid financial results for Q1 2025, demonstrating resilience in uncertain market conditions with a 5% year-over-year increase in net revenue [3][7][10] - The company effectively navigated challenges posed by global trade tensions, maintaining strong client demand and a global order backlog of $2 billion [3][6][25] - Adjusted operating income and margins improved, reflecting operational efficiency and effective cost management strategies [20][21][18] Financial Performance - Net revenue for Q1 2025 was $275.7 million, up 5% from Q1 2024, with adjusted net revenue also reflecting a 5% increase [2][3] - Pre-tax income rose to $136.5 million, a 12% increase quarter-over-quarter and an 11% increase year-over-year [2][3] - Adjusted EPS for Q1 2025 was $0.28, representing an 8% increase from the previous year [2][3][37] Revenue Breakdown - Services revenue increased by 4% year-over-year to $152 million, with a 9% growth when excluding certain items from Q1 2024 [10][11] - Net financing revenue grew by 4% year-over-year, driven by strong financing income despite foreign exchange impacts [12][13] - Syndication volume increased by 21% year-over-year, although it saw a significant decrease quarter-over-quarter due to a bulk sale of a lease portfolio [14][15] Operating Expenses and Margins - Adjusted operating expenses rose by 5% year-over-year to $125 million, with a moderation in growth expected to continue through 2025 [18][19] - Adjusted operating margin for Q1 2025 was 54.7%, unchanged year-over-year, but improved when excluding the impact of prior year items [21][20] Shareholder Returns - The company returned $77 million to shareholders in Q1 2025 through dividends and share repurchases [25][26] - A quarterly cash dividend of CAD$0.13 per common share was declared for Q2 2025, payable on July 15, 2025 [26][27] Strategic Initiatives - Element's strategic focus on client success and operational resilience has positioned it well to adapt to market uncertainties [6][3] - The company plans to be more active under its normal course issuer bid, with approval to purchase up to 40.4 million common shares [27][28] Balance Sheet and Leverage - As of March 31, 2025, the debt-to-capital ratio was 74.9%, reflecting a slight increase from the previous year [30][34] - The company maintains a strong investment-grade balance sheet, targeting a debt-to-capital range between 73% to 77% [30][34]