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July 02, 2015 8:44 AM ET

IT Services

Company Overview of FleetCor Technologies, Inc.

Company Overview

FleetCor Technologies, Inc. provides fuel cards and workforce payment products and services in North America, Latin America, Europe, Australia, and New Zealand. It sells a range of customized fleet and lodging payment programs; and offers card products to purchase fuel, lodging, food, toll, transportation, and related products and services at participating locations. The company also offers telematics solution that allows fleet operators to monitor the capacity utilization and movement of vehicles and drivers; vehicle maintenance services; prepaid fuel and food vouchers, and cards to small, medium, and large businesses; and workforce payment product related to public transportation and toll ...

5445 Triangle Parkway

Suite 400

Norcross, GA 30092

United States

Founded in 1986

4,780 Employees

Phone:

770-449-0479

Fax:

770-449-3471

Key Executives for FleetCor Technologies, Inc.

Chairman, Chief Executive Officer, President and Chairman of Executive & Acquisitions Committee
Age: 59
Total Annual Compensation: $1.2M
Chief Financial Officer and Secretary
Age: 55
Total Annual Compensation: $353.1K
President of Brazil
Age: 46
Total Annual Compensation: $389.5K
President of North America Fuel Cards
Age: 43
Total Annual Compensation: $383.1K
Global Chief Information Officer
Age: 60
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2014.

FleetCor Technologies, Inc. Key Developments

FleetCor Technologies, Inc. Signs Contract with Uber to Provide the Partner Fuel Card

FleetCor Technologies, Inc. announced the signing of a contract with Uber to provide the Partner Fuel Card, a universal card program for Uber’s US driver partners. Under the program, eligible Uber drivers will be able to make fuel purchases that will automatically be deducted from their weekly earnings. In addition, to having the convenience of making purchases at any fueling locations where MasterCard is accepted, partners will also enjoy cents off discounts at every station along with additional discounts at participating Exxon Mobil locations.

FleetCor Technologies, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 08:00 AM

FleetCor Technologies, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 08:00 AM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States. Speakers: Eric R. Dey, Chief Financial Officer and Secretary.

FleetCor Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revised Earnings Guidance for Fiscal 2015; Provides Earnings Guidance for the Second Quarter of 2015

FleetCor Technologies, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Total revenues increased 64% to $416.2 million compared to $253.9 million in the first quarter of 2014. operating income was $163.8 million against $114.1 million last year. Income before income taxes was $139.6 million against $108.1 million last year. The company reported GAAP net income of $94.2 million or $1.00 per diluted share in the first quarter of 2015 compared to GAAP net income of $75.1 million or $0.88 per diluted share in the first quarter of 2014. Net cash provided by operating activities was $67.4 million against $51.5 million last year. Purchases of property and equipment were $8.1 million against $5.6 million last year. Total adjusted revenues were $388.8 million against $236.3 million last year. Adjusted net income increased 41% to $135.9 million compared to $96.1 million in the first quarter of 2014. Adjusted net income per diluted share increased 29% to $1.45 compared to $1.12 in the first quarter of 2014. For fiscal 2015, the company expects total revenues guidance between $1,600 million and $1,650 million, no change from the prior guidance; the company expects adjusted net income between $565 million and $585 million, up from the previous guidance range of between $560 million and $580 million; the company expects adjusted net income per diluted share between $6.00 and $6.20, up from the previous guidance range of between $5.95 and $6.15. The company expects full year tax rate of 31.8% against 32.1% in previous guidance. On a constant currency, fuel price and market spread basis, 2015 guidance would be approximately $7 in adjusted net income per diluted share from a growth rate of approximately 36% over the $5.15 adjusted net income per diluted share reported in 2014. For the second quarter, the company expects adjusted net income per diluted share to be approximately the same as the first quarter. The company expects second quarter adjusted net income per diluted share to be between $1.44 and $1.46. Some of the items that are impacting the second quarter compared to the first quarter include the following: owning the SVS business for the entire second quarter. However, SVS has some seasonality, and the company expects SVS to contribute approximately $0.04 less in adjusted net income per diluted share in the second quarter versus the first quarter. The company expects FX rates to be unfavorable in the second quarter against the first quarter and have an unfavorable impact of approximately $0.02 in adjusted net income per diluted share against the first quarter, and spread should be at more normal levels and have less of an impact on revenue in the second quarter against the first quarter.

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