earnings
confidence high
sentiment positive
materiality 0.80
FLEETCOR Q3 revenue up 9% to $970.9M; adjusted EPS $4.49; acquires PayByPhone
CORPAY, INC.
2023-Q3 EPS reported
$9.72
revenue$2,820,399,000
- Q3 revenues $970.9M (+9% YoY); GAAP EPS $3.64 (+10%); adjusted EPS $4.49 (+6%).
- EBITDA $528.9M (+13%); EBITDA margin expanded 225 bps; organic revenue growth 10% driven by corporate payments +20%.
- Completed acquisition of PayByPhone, world's second largest mobile parking operator, as part of vehicle payments transformation.
- Repurchased $530M of stock in Q3, including accelerated share repurchase; sold Russia business.
- Updated FY2023 outlook: revenue $3,774-3,804M; adjusted EPS $16.82-17.12; Q4 revenue guided $953-983M.