Corpay reports Q1 revenue $935M (+4%); acquires Paymerang; updates FY2024 outlook

CORPAY, INC.

2024-Q1 EPS reported $3.12 revenue$935,251,000

Q1 revenue $935.3M (+4% YoY); GAAP diluted EPS $3.12; adjusted diluted EPS $4.10 (+8% YoY).
Organic revenue growth 6%; Corporate Payments segment up 17% YoY; Lodging softness persists.
Definitive agreement to acquire Paymerang, an accounts payable automation company, to enhance verticals.
FY2024 guidance: adjusted diluted EPS $18.80–$19.20; Q2 adjusted diluted EPS $4.45–$4.55.
Lodging workforce business shows initial stability in April; actions taken to manage expenses.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CORPAY, INC. reported first quarter ended March 31, 2024 results: revenue $935.3 million, net income $229.8 million, EPS $3.12 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $935.3 million
Net income: $229.8 million
EPS: $3.12 per diluted share
Result: reported results

Exact text from the filing

with meaningful revenue and profit synergies. This deal is right in our wheelhouse.” Financial Results for First Quarter of 2024: GAAP Results • Revenues increased 4% to $935.3 million in the first quarter of 2024, compared with $901.3 million in the first quarter of 2023, which included $31 million of revenue from our sold Russia business. • Net income

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CORPAY, INC. reported fiscal year 2024 results: revenue between $3,960 million and $4,040 million, net income between $1,075 million and $1,115 million, EPS between $15.00 and $15.40. Guidance reaffirmed.

Period: fiscal year 2024
Revenue: between $3,960 million and $4,040 million
Net income: between $1,075 million and $1,115 million
EPS: between $15.00 and $15.40
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Corpay, Inc. updated financial guidance 1 is as follows: • Total revenues between $3,960 million and $4,040 million; • Net income between $1,075 million and $1,115 million; • Net income per diluted share between $15.00 and $15.40;

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Source: SEC EDGAR

accession 0001628280-24-021707

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