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Sep 30, 2020
Corpay Q3 2020 Earnings Report
FLEETCOR's financial performance was reported for Q3 2020, showing sequential volume increases across all business lines and improved new sales performance.
Key Takeaways
FLEETCOR Technologies Inc. reported a 14% decrease in total revenues to $585.3 million for Q3 2020, compared to $681.0 million in Q3 2019. Net income decreased by 16% to $188.8 million, with diluted earnings per share down by 12% to $2.19. The company saw sequential volume increases in every line of business and improvements in new sales performance.
Total revenues decreased by 14% to $585.3 million.
Net income decreased by 16% to $188.8 million.
Adjusted net income decreased by 14% to $241.9 million.
The board of directors increased the share repurchase program by $1.0 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
FLEETCOR expects to manage expenses 10%-12% below last year in order to balance current profitability with investment for future growth, while the sustainability of recoveries across our markets remains uncertain.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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