secwatch.observer — SEC 8-K summary
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Issuer:     CORPAY, INC. (CPAY)
CIK:        0001175454
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001628280-23-037843
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FLEETCOR Q3 revenue up 9% to $970.9M; adjusted EPS $4.49; acquires PayByPhone
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175454/000162828023037843/0001628280-23-037843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175454/000162828023037843/flt-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037843

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