FleetCor Technologies, Inc. provides fuel cards, commercial payment and data solutions, gift card and stored value solutions, and workforce payment products and services primarily in the United States, Brazil, and the United Kingdom. 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; and workforce payment products related...
5445 Triangle Parkway
Norcross, GA 30092
Founded in 1986
Fleetcor Names Jim Eglseder as Head of Investor Relations
Jan 18 18
FleetCor Technologies, Inc. announced that it has named Jim Eglseder as its new head of investor relations. He will report to Eric Dey, FLEETCOR's chief financial officer. Prior to that role, he spent more than a decade in investor relations, where he was responsible for all aspects of the program including investor communications, investor and analyst relationships, and investor conferences and road shows.
FleetCor Technologies, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2017
Nov 1 17
FleetCor Technologies, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues, net of $577,877,000 compared to $484,426,000 a year ago. Operating income was $232,637,000 compared to $191,055,000 a year ago. Income before income taxes was $327,502,000 compared to $170,204,000 a year ago. Net income was $202,823,000 or $2.18 per diluted share compared to $129,618,000 or $1.36 per diluted share a year ago. Adjusted net income was $202,769,000 or $2.18 per diluted share compared to $183,310,000 or $1.92 per diluted share a year ago. Adjusted revenues increased 20.6% to $550.2 million in the third quarter of 2017 compared to $456.2 million in the third quarter of 2016. CapEx was $17,000,000.
For the nine months, the company reported revenues, net of $1,639,547,000 compared to $1,316,593,000 a year ago. Operating income was $643,748,000 compared to $538,178,000 a year ago. Profit before income taxes was $685,259,000 compared to $489,464,000 a year ago. Net income was $457,503,000 or $4.87 per diluted share compared to $356,961,000 or $3.75 per diluted share a year ago. Net cash provided by operating activities was $419,490,000 compared to $404,286,000 a year ago. Purchases of property and equipment were $49,459,000 compared to $41,877,000 a year ago. Adjusted net income was $574,795,000 or $6.12 per diluted share compared to $478,959,000 or $5.03 per diluted share a year ago. Adjusted revenues were to $1,556,857,000 compared to $1,237,838,000 a year ago.
For the fourth quarter of 2017, the company expects tax rate of 29.2%.
For the full year 2016, net income is expected to be in the range of $608 million to $609 million, or $6.50 to $6.60 per diluted share. Adjusted net income is expected to be in the range of $784 million to $794 million, or $8.38 to $8.48 per diluted share. Total revenues are expected to be between $2,225 million and $2,255 million. Interest expense is expected to be $110 million in 2017. This guidance represents approximately a 22% growth in both revenue and adjusted net income per diluted share for the year at the midpoint of the range.