earnings
confidence high
sentiment positive
materiality 0.85
FLEETCOR Q4 rev $937M (+6%), adj EPS $4.44; FY record revenue; guides FY24 adj EPS $19.20-$19.60
CORPAY, INC.
2023-FY EPS reported
$13.20
revenue$3,757,719,000
- Q4 rev $937.3M (+6%), adj EPS $4.44 (+10%), EBITDA $508.1M (+11%).
- FY23 rev $3,757.7M (+10%), net income $981.9M (+3%), adj EPS $16.92 (+5%).
- Corporate Payments segment grew 19% in 2023, now >25% of total revenue.
- Increased revolver capacity by $600M; plans to repurchase $800M shares in 2024; board added $1B authorization.
- FY24 guidance: rev $4,040-4,120M, adj EPS $19.20-$19.60; Q1 adj EPS $4.02-$4.12.