Fleetcor

Fleetcor reports ‘record retention and sales’ for Q2

Fleetcor's Q2 earnings show significant growth.

Global commercial fuel card and business payments company Fleetcor Technologies Inc. (NYSE: FLT) on Wednesday reported total revenue for the second quarter grew 27% year-over-year to $667 million. Net income increased by 24% year-over-year, totaling $196 million in the second quarter.

After slightly lower earnings in the first quarter, Fleetcor’s adjusted earnings per share (EPS) reached $3.15 for the second quarter, a 38% year-over-year increase from $2.28. The company expected adjusted EPS to...

https://www.freightwaves.com/news/fleetcor-reports-record-retention-and-sales-for-q2

FLEETCOR earnings down slightly in Q1

Fleetcor reports first-quarter earnings for 2021.Link to full report

Global commercial fuel-card and business payments company FLEETCOR Technologies Inc. (NYSE: FLT) on Wednesday reported adjusted earnings per share (EPS) of $2.82 for the first quarter, a 6% decrease from adjusted EPS of $3 in the first quarter of 2020.

After better-than-expected fourth-quarter earnings, FLEETCOR’s first-quarter net revenue was $609 million, an 8% year-over-year decrease.

“Although revenue and adjusted EPS were down, … we remain encouraged that new sales were up...

https://s29755.pcdn.co/news/fleetcor-earnings-down-slightly-in-q1

The Daily Dash: Turning truck stops into vaccination centers

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a Tennessee lawmaker is looking into the possibility of making COVID-19 vaccines available at a major truck stop operator. Plus, trucking regulations could be changing under the Biden administration, and trucking employment fell in January but questions remain as to why.

Should truck stops become vaccination clinics?

A Tennessee lawmaker said he would look into the potential for making vaccines...

https://www.freightwaves.com/news/the-daily-dash-turning-truck-stops-into-vaccination-centers

FLEETCOR Q4 earnings ‘better than expected’

FLEETCOR reported Q4 earnings for 2020.Link to full report

Global business payments company FLEETCOR Technologies Inc. (NYSE: FLT) reported adjusted earnings per share of $3.01 for the fourth quarter Thursday, higher than Yahoo Finance’s estimated $2.82, but a 5% decrease compared to the 2019 fourth quarter. 

“Q4 finished better than expected, with improving trends across the board,” said Ron Clarke, chairman and chief executive officer at FLEETCOR, in a statement. 

FLEETCOR reported net revenue of $617 million in the quarter, an 11.7%...

https://s29755.pcdn.co/news/fleetcor-q4-earnings-better-than-expected

FleetCor tops revenue estimates, misses on earnings

FleetCor Technologies Inc. (NYSE: FLT) announced Thursday third-quarter net income of $188.8 million, or $2.19 per share, a 16% year-over-year decline compared to 2019.

The Atlanta-based commercial fuel-card and business-payment systems provider also posted third-quarter revenue of $585.3 million, a decrease of 14% compared to 2019. 

FleetCor’s third-quarter revenue topped most Wall Street expectations for revenue at $580.8 million, while its earnings per share missed expectations by 46 cents. 

The...

https://s29755.pcdn.co/news/fleetcor-tops-estimates-on-revenue

FleetCor Technologies reports revenue and earnings declines

FleetCor Technologies Inc. (NYSE: FLT) announced Thursday second-quarter net income of $158.5 million, or $1.83 per share, a 37% year-over-year decline compared to 2019.

The Atlanta-based commercial fuel-card and business-payment systems provider also posted second-quarter revenue of $525.1 million, a decrease of 19% compared to 2019. 

Second-quarter revenue fell 18% short of Wall Street expectations of $535.8 million, while its earnings per share of $1.83 beat expectations by 23 cents. 

The...

https://s29755.pcdn.co/news/fleetcor-technologies-reports-revenue-and-earnings-declines

FleetCor first-quarter results beat EPS by 12%, revenues by 6.3%

FleetCor Technologies Inc. (NYSE: FLT), a fuel-card and business-payments provider, announced first-quarter 2020 adjusted earnings per share (EPS) of $3 — 23 cents better than the consensus estimate.

Total revenues increased 6.3% to $661.1 million in the first quarter of 2020, compared to $621.8 million in the first quarter of 2019.

“We managed a pretty good first-quarter result, particularly considering the current environment, with adjusted net income per diluted share finishing at $3. January...

https://www.freightwaves.com/news/fleetcor-first-quarter-results-beat-eps-by-12-revenues-by-6-3

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