Fleetmatics Group PLC Introduces Fleetmatics Routist
May 20 15
Fleetmatics Group PLC introduced Fleetmatics Routist, an intelligent routing optimization solution that systematically builds the most cost-effective, customer-friendly routes for fleets. Fleetmatics Routist seamlessly calculates and deploys route plans to drivers in the field, and features real-time and historical data that gives users the
most holistic view into routing performance. Fleetmatics Routist operates by taking locations, vehicles, time windows, technician skills, and costs and capacities into consideration, among other inputs, while remaining simple and intuitive for customers to use. Fleetmatics Routist also incorporates historical traffic data into its algorithm, elevating traffic and routing optimization effectiveness for customers operating in metropolitan areas. Fleetmatics Routist's robust feature set, offered to customers as an add-on module, will integrate into the Fleetmatics REVEAL fleet management solution, helping it to become one of the most effective routing optimization solutions known to be available immediately. Customers can easily import work orders from electronic files or integration with their order management software, select the drivers involved in the plan, and quickly get a cost efficient and customer satisfying route. Route planners can easily make adjustments to the plan based on their own business insight, and then deploy to the field. Route plans can be delivered effortlessly to drivers via the Fleetmatics REVEAL Field Application for smartphone and mobile devices, via Garmin integrated devices or simple route sheets printed at the office. Once the routes are live, dispatchers and managers stay current on a driver's progress against route stops in real-time on the Fleetmatics REVEAL live map and can make real-time adjustments as needed. When the day is done, actual versus plan analysis is available to compare the stops made by drivers against the work orders provided, so managers can provide appropriate coaching around route deviations and the impact of field activity on customer satisfaction.
Brink's France Chooses Fleetmatics for Fleet Management
May 7 15
Fleetmatics Group PLC announced it has entered into a master subscription services agreement with Brink's France. The initial order supports nearly one thousand Brink's vehicles in France for an initial five-year term. Fleetmatics REVEAL is a powerful yet simple-to-use fleet management solution designed to drive cost savings and improve productivity for virtually any mobile workforce. Fleetmatics REVEAL+ enables enterprise customers with larger fleets, such as Brink's, to manage complex organizational structures and a large numbers of users as well as to deliver actionable executive level business intelligence across the entire enterprise.
Fleetmatics Group PLC Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
May 6 15
Fleetmatics Group PLC announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the first quarter, the company’s total revenue was $65.5 million, an increase of 26% compared to $51.9 million for the first quarter of 2014. GAAP net income for the first quarter of 2015 was $11.8 million, or $0.30 per diluted share, compared to $3.6 million, or $0.09 per diluted share, for the first quarter of 2014. Non-GAAP adjusted earnings for the first quarter of 2015 was $12.7 million, or $0.33 per diluted share, compared to $7.2 million, or $0.19 per diluted share, for the first quarter of 2014. Adjusted EBITDA for the first quarter of 2015 was $21.2 million, an increase of 54% compared to $13.8 million for the first quarter of 2014. Adjusted EBITDA margin for the first quarter of 2015 was 32.4% compared to 26.5% for the first quarter of 2014. Income from operations was $8,735,000 compared to $5,340,000 a year ago. Income before income taxes was $13,328,000 compared to $5,170,000 a year ago. Net cash provided by operating activities was $17,294,000 compared to $20,258,000 a year ago. Purchases of property and equipment were $9,091,000 compared to $8,115,000 a year ago. Capitalization of internal-use software costs was $982,000 compared to $416,000 a year ago. Operating income Non-GAAP was $14,192,000 compared to $9,147,000 a year ago.
The company provided earnings guidance for the second quarter and full year of 2015. The company issued guidance for the second quarter of 2015 and updated its previously issued guidance for the full year of 2015. The company’s guidance is based on the current indications for its business, which may change at any time. For the second quarter, the company expects total revenue to be in the range of $67.9 million to $68.7 million, reflecting 91 days of revenue in the quarter and the impact of currently expected currency exchange headwinds. Adjusted EBITDA is expected to be in the range of $17.5 million to $18.5 million. Non-GAAP adjusted earnings per share is expected to be in the range of $0.24 to $0.26 based on approximately 39.3 million weighted average diluted shares outstanding.
For the full year 2015, the company expects total revenue to be in the range of $281.0 million to $283.0 million. Excluding the impact of currency exchange, expectations for total revenue are in the range of $287.0 million to $288.0 million. The company’s estimate of total revenue reflects currently expected currency exchange headwinds of approximately $6.0 million and the currently expected timing of certain enterprise customer activations. Adjusted EBITDA is expected to be in the range of $84.0 million to $86.0 million. Non-GAAP adjusted earnings per share is expected to be in the range of $1.26 to $1.30 based on approximately 39.4 million weighted average diluted shares outstanding. The company expects 11% to 12% tax rate.