Corpay Q3 2020 Earnings Report
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.
Corpay
Corpay
Corpay Revenue by Segment
Corpay 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