January 22, 2018 12:30 PM ET

IT Services

Company Overview of FleetCor Technologies, Inc.

Company Overview

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

Suite 400

Norcross, GA 30092

United States

Founded in 1986

7,100 Employees

Phone:

770-449-0479

Fax:

770-449-3471

Key Executives for FleetCor Technologies, Inc.

Chairman & CEO
Age: 60
Total Annual Compensation: $1.0M
Chief Financial Officer
Age: 57
Total Annual Compensation: $373.1K
Executive Vice President of Global Corporate Development
Age: 49
Total Annual Compensation: $398.1K
Executive Vice President of Global Sales
Age: 44
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2016.

FleetCor Technologies, Inc. Key Developments

Fleetcor Names Jim Eglseder as Head of Investor Relations

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

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.

FLEETCOR Technologies, Inc. Enters into Full Outsourcing Private Label Deal with Russian Fuel Retailer

FLEETCOR Technologies, Inc. announced that as part of an acquisition transaction it has entered into a long-term exclusive agreement to manage the commercial fuel card program for GES Roznitsa. Under the terms of the agreement, FLEETCOR will provide a full range of transaction processing and program management services for GES Roznitsa’s branded fuel card product.

Similar Private Companies By Industry

Company Name Region
'ike Group Inc. United States
@aquila, Incorporated United States
0ptimus Consulting LLC United States
1 Source Consulting, Inc. United States
10 BY 10, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 1, 2017
Creative Lodging Solutions LLC
Merger/Acquisition
June 14, 2017
NexTraq, Inc.
Merger/Acquisition
May 1, 2017
Cambridge Mercantile Corp.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
NYC2012, Inc. United States
John F. Kennedy Center For The Performing Arts United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact FleetCor Technologies, Inc., please visit www.fleetcor.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.