FLEETCOR Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 04:05 pm
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FLEETCOR Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 937.32 million compared to USD 883.61 million a year ago. Net income was USD 255.86 million compared to USD 225.32 million a year ago. Basic earnings per share from continuing operations was USD 3.55 compared to USD 3.07 a year ago. Diluted earnings per share from continuing operations was USD 3.48 compared to USD 3.03 a year ago.
For the full year, sales was USD 3,757.72 million compared to USD 3,427.13 million a year ago. Net income was USD 981.89 million compared to USD 954.33 million a year ago. Basic earnings per share from continuing operations was USD 13.42 compared to USD 12.62 a year ago. Diluted earnings per share from continuing operations was USD 13.2 compared to USD 12.42 a year ago.
Corpay, Inc., formerly FLEETCOR Technologies, Inc., is a corporate payments company. It helps businesses and consumers pay expenses. Its suite of payment solutions helps its customers manage vehicle-related expenses, such as fueling and parking; travel expenses, such as hotel bookings, and payables, such as paying vendors. Its solutions include AP Automation, Cross-Border and Commercial Cards. Its AP Automation solutions include procure-to-pay, payment automation and integrations. Its Procure-to-Pay optimizes accounts payable workflows with scheduled payments, automated approvals and real-time tracking, and enables cash flow management and financial decisions. Its trading platform and integrated payment solutions, which can be customized as per clientâs business requirements. Its Multi-Card is a payment method that offers a tailored solution designed for the clientâs business transactions. Its ExpenseTrack platform offers real-time automation, robust security and customized reporting.