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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%.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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