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Dec 31, 2019
Corpay Q4 2019 Earnings Report
FLEETCOR reported good Q4 2019 financial results with adjusted net income per diluted share up 14% and organic revenue growth of 10%.
Key Takeaways
FLEETCOR Technologies reported a 9% increase in total revenues, reaching $698.9 million for Q4 2019. Net income decreased by 22% to $235.5 million, while adjusted net income increased by 14% to $286.4 million.
Total revenues increased by 9% to $698.9 million.
Net income decreased by 22% to $235.5 million.
Adjusted net income increased by 14% to $286.4 million.
Organic revenue growth was 10%.
Corpay
Corpay
Corpay Revenue by Segment
Corpay Revenue by Geographic Location
Revenue by Segment
Corporate Payments Revenue
CapyFin.comLodging Payments Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
US Revenue
CapyFin.comBrazil Revenue
CapyFin.comUK Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
FLEETCOR anticipates organic revenue growth between 9% and 11% and adjusted net income to be up approximately 15% for 2020.
Challenges Ahead
- Continuation of a soft macro-environment.
- Unfavorable foreign exchange rates compared to 2019, mostly in Brazil.
- Market spreads projected to be slightly worse than the 2019 average.
- Combined unfavorable revenue impact from these factors is expected to be approximately $20 million in 2020.
- Incremental investments in sales and IT to help drive future growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income