Corpay reports prelim Q3 revenue $1.029B, adj EPS $5.00; modifies CEO option award

CORPAY, INC.

2024-Q3 EPS reported $10.53 revenue$2,940,158,000

Q3 2024 revenue of $1.029B, GAAP EPS $3.90, adjusted EPS $5.00.
Reiterates full-year 2024 adjusted EPS guidance of $19.00 (mid-point).
CEO's 2021 performance option modified: 300,000 options cancelled; vesting condition eased to $350 for 3 trading days by Dec 31, 2024.
CEO agrees to forgo any new equity grants in 2025.
Management cites higher confidence in Q4 outlook with low-double-digit organic revenue growth.

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