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
Norcross, GA 30092
Founded in 1986
FleetCor Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Full Year of 2015
Nov 4 15
FleetCor Technologies, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenues, net of $451,493,000 compared to $295,283,000 a year ago. Operating income was $188,460,000 compared to $144,207,000 a year ago. Income before income taxes was $165,357,000 compared to $136,554,000 a year ago. Net income was $116,770,000 or $1.24 per diluted share compared to $95,509,000 or $1.11 per diluted share a year ago. Adjusted net income was $157,570,000 or $1.67 per diluted share compared to $117,625,000 or $1.37 per diluted share a year ago. Adjusted revenues in the third quarter of 2015 increased 55.3% to $419.8 million compared to $270.3 million in the third quarter of 2014. The company spent only $13.3 million on CapEx during the third quarter of 2015.
For the nine months, the company reported revenues, net of $1,272,264,000 compared to $822,693,000 a year ago. Operating income was $521,385,000 compared to $392,827,000 a year ago. Income before income taxes was $450,296,000 compared to $372,640,000 a year ago. Net income was $309,601,000 or $3.29 per diluted share compared to $259,167,000 or $3.02 per diluted share a year ago. Adjusted net income was $432,424,000 or $4.60 per diluted share compared to $322,617,000 or $3.77 per diluted share a year ago. Net cash provided by operating activities was $522,189,000 compared to $317,492,000 a year ago. Purchases of property and equipment were $29,526,000 compared to $18,279,000 a year ago.
The company provided earnings guidance for the full year of 2015. For the year, the company expects total revenues between $1,680 million and $1,720 million; adjusted net income between $580 million and $590 million; and adjusted net income per diluted share between $6.18 and $6.26; and full year tax rate of approximately 31.5% to 32.0%. The company is maintaining cash EPS guidance for full year 2015 at $6.22 at the midpoint, and the math goes something like this.
FleetCor Technologies, Inc. Presents at Citi Financial Technology Conference 2015, Nov-10-2015 10:00 AM
Nov 2 15
FleetCor Technologies, Inc. Presents at Citi Financial Technology Conference 2015, Nov-10-2015 10:00 AM. Venue: New York, New York, United States. Speakers: Eric R. Dey, Chief Financial Officer and Secretary.