FLEETCOR Technologies, Inc. Provides Earnings Guidance for the First Quarter of 2024 and Full Year 2024
February 07, 2024 at 09:05 pm
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FLEETCOR Technologies, Inc. provided earnings guidance for the first quarter of 2024 and full year 2024. The Company expects first quarter revenues between $925 million and $945 million. Recall that the prior year quarter includes the results from Russia business sold in August 2023. The first quarter of 2024 is also impacted by the negative impact from higher interest rates and a decline in late fees from tightened credit, creating headwinds to revenue and net income. Net income to be $222 million to $232 million, net income per diluted share to be $3.05 to $3.16.
For full-year 2024, the company expects total revenues between $4,040 million and $4,120 million, GAAP net income between $1,090 million and $1,130 million, GAAP net income per diluted share between $15.40 and $15.80.
Corpay, Inc., formerly FLEETCOR Technologies, Inc., is a corporate payments company. It helps businesses and consumers pay expenses. Its suite of payment solutions helps its customers manage vehicle-related expenses, such as fueling and parking; travel expenses, such as hotel bookings, and payables, such as paying vendors. Its solutions include AP Automation, Cross-Border and Commercial Cards. Its AP Automation solutions include procure-to-pay, payment automation and integrations. Its Procure-to-Pay optimizes accounts payable workflows with scheduled payments, automated approvals and real-time tracking, and enables cash flow management and financial decisions. Its trading platform and integrated payment solutions, which can be customized as per clientâs business requirements. Its Multi-Card is a payment method that offers a tailored solution designed for the clientâs business transactions. Its ExpenseTrack platform offers real-time automation, robust security and customized reporting.
CORPAY, INC. 
