secwatch.observer — SEC 8-K summary
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Issuer:     CORPAY, INC. (CPAY)
CIK:        0001175454
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001628280-23-028241
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FLEETCOR Q2 revenue +10% to $948M, adj. EPS up 1% to $4.19; raises FY guidance
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- Q2 revenue $948.2M (+10% YoY); GAAP EPS $3.20 (-5% YoY); adjusted EPS $4.19 (+1% YoY).
- Net income $239.7M fell 9% YoY due to $65M higher interest expense.
- FY2023 guidance raised: total revenue $3,836M-$3,860M; adj. EPS $17.09-$17.35.
- Q3 guidance: revenue $980M-$1B, adj. EPS $4.44-$4.64.
- Entered $2.0B interest rate swaps (avg 4.30%, 3.5yr) to manage floating rate debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175454/000162828023028241/0001628280-23-028241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175454/000162828023028241/flt-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028241

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer