Fleetcor

FLEETCOR Announces Rebranding to Corpay

Retrieved on: 
Monday, March 25, 2024
Software, Technology, Payments, CUSIP, Fleetcor

FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments Company, announced today it has rebranded the Company Corpay, Inc.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments Company, announced today it has rebranded the Company Corpay, Inc.
  • The name change better reflects the Company’s current portfolio of corporate payment solutions.
  • The Company will begin trading today on the New York Stock Exchange under the new ticker symbol CPAY and the new CUSIP is 219948 106.

Fuelman Partners with RaceTrac and RaceWay

Retrieved on: 
Thursday, February 22, 2024
Fleetcor, Partnership, Locator, RaceTrac, ARCO, Go90

ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fuelman®, a FLEETCOR Technologies, Inc. company and leading local fuel expense management solution, today announced its recent partnership with RaceTrac and RaceWay, providing acceptance of Fuelman’s fuel and fleet cards at all locations.

Key Points: 
  • ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fuelman®, a FLEETCOR Technologies, Inc. company and leading local fuel expense management solution, today announced its recent partnership with RaceTrac and RaceWay, providing acceptance of Fuelman’s fuel and fleet cards at all locations.
  • Fuelman card users will now be able to fuel at over 580 RaceTrac and 200 RaceWay locations nationwide, providing savings and convenience for fleet managers and professional drivers.
  • RaceTrac and RaceWay are known for easy-to-navigate stores, well-lit lots, spacious fueling lanes, and their Whatever Gets You Going style of convenience.
  • “We are excited to grow our relationship with RaceTrac and RaceWay,” said Keagan Russo, President, Fuelman.

FLEETCOR Announces Rebranding to Corpay

Retrieved on: 
Thursday, March 7, 2024
Professional Services, Payments, Automotive, Technology, Fintech, Fleet Management, Fleetcor

FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments company, announced today its plans to rebrand the Company to Corpay.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments company, announced today its plans to rebrand the Company to Corpay.
  • The name change better reflects the Company’s current portfolio of corporate payment solutions.
  • “The Corpay name better represents what we do now, which is provide corporate payment solutions.
  • We will use Corpay as the go-to-market brand for our Corporate Payments segment, and retain our existing popular go-to-market brands in our Vehicle Payments and Lodging Payments segments,” said Ron Clarke, Chairman and Chief Executive Officer of FLEETCOR.

FLEETCOR Invests in Brazilian Vehicle Payments Company

Retrieved on: 
Wednesday, March 6, 2024
Payments, Security, Automotive, General Automotive, Apps, Applications, Technology, Fleet Management, Fleetcor, Growth, Government, Insurance

FLEETCOR Technologies, Inc. (NYSE: FLT) , a leading global business payments company, today announced the closing of a majority investment in Zapay.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT) , a leading global business payments company, today announced the closing of a majority investment in Zapay.
  • The investment further scales FLEETCOR’s Vehicle Payments business in Brazil and provides access to two million drivers who use Zapay’s mobile app and website each month.
  • As part of the agreement, FLEETCOR has the right to acquire the remainder of the company in four years.
  • So, we’re quite excited to integrate Zapay’s solution into our existing offering," said Armando Netto, Group President of Vehicle Payments in Brazil and North America.

FLEETCOR to Participate in Upcoming Investor Conferences

Retrieved on: 
Friday, February 16, 2024
Technology, Payments, Finance, Fintech, Banking, Accounting, Professional Services, Business, Software, Other Professional Services, Fleetcor, Bank, Citigroup, Conference

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that the Company will participate in the following investor conferences:

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that the Company will participate in the following investor conferences:
    On, Wednesday February 21, 2024, the Company will host a fireside chat at the Bank of America Financial Services Conference.
  • The discussion will begin at 12:10 PM ET.
  • On, Wednesday February 28, 2024, the Company will host a fireside chat at the Citi 13th Annual FinTech Conference.
  • On Monday, March 4, 2024, the Company will present at the Raymond James 45th Annual Institutional Investor Conference.

FLEETCOR® Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 7, 2024
Technology, Payments, Finance, Fintech, Banking, Accounting, Business, Professional Services, Software, Growth, GAAP, Interest, Fleetcor, Panther, EV, Line of credit, Weather, Credit, ID, Webcast, Holiday, Video game

Net income increased 14% to $255.9 million in the fourth quarter of 2023, compared with $225.3 million in the fourth quarter of 2022.

Key Points: 
  • Net income increased 14% to $255.9 million in the fourth quarter of 2023, compared with $225.3 million in the fourth quarter of 2022.
  • Net income per diluted share increased 15% to $3.48 in the fourth quarter of 2023, compared with $3.03 per diluted share in the fourth quarter of 2022.
  • EBITDA1 increased 11% to $508.1 million in the fourth quarter of 2023, compared to $459.3 million in the fourth quarter of 2022.
  • Adjusted net income1 increased 9% to $326.1 million in the fourth quarter of 2023 compared with $300.2 million in the fourth quarter of 2022.

FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Payments, Technology, Finance, Software, Fintech, Bank of America, Growth, JPMorgan Chase, Chase Bank, Bank, Fleetcor, PLC, Citizens Bank, Scotiabank, Citibank, Wells Fargo, BofA Securities, National Association

The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities.

Key Points: 
  • The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities.
  • This amendment resulted in an increase to the Company’s revolver from $1.5 billion to $1.775 billion.
  • In addition, the Company increased its borrowings under its Term Loan A facility by $325 million and used those proceeds to paydown its revolver balance.
  • FLEETCOR anticipates using the increased debt facility to drive earnings growth through both M&A and repurchasing FLEETCOR stock in 2024.

FLEETCOR Technologies to Announce Fourth Quarter and Fiscal Year 2023 Results on February 7, 2024

Retrieved on: 
Monday, January 22, 2024
Payments, Professional Services, Technology, Fintech, Software, ID, Fleetcor

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company (“FLEETCOR”), today announced that the Company will host a conference call to discuss fourth quarter and fiscal year 2023 financial results on Wednesday, February 7, 2024 at 5:30 pm ET.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company (“FLEETCOR”), today announced that the Company will host a conference call to discuss fourth quarter and fiscal year 2023 financial results on Wednesday, February 7, 2024 at 5:30 pm ET.
  • Hosting the call will be Ron Clarke, chief executive officer, Tom Panther, chief financial officer and Jim Eglseder, investor relations.
  • A press release with fourth quarter and fiscal year financial results will be issued after the market close that same day.
  • The conference call can also be accessed live over the phone by dialing: (833) 816-1384, or for international callers (412) 317-0477.

FLEETCOR to Participate in Upcoming Investor Conferences

Retrieved on: 
Wednesday, November 15, 2023
Professional Services, Payments, Business, Technology, Finance, Fintech, Fleetcor, Raymond James Financial, NYSE, Conference

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that the Company will participate in the following investor conferences:

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that the Company will participate in the following investor conferences:
    On Tuesday, November 28, 2023, the Company will host a fireside chat at the UBS Global Technology Conference.
  • The discussion will begin at 2:15 PM MST.
  • On Monday, December 4, 2023, the Company will host a fireside chat at the Raymond James TMT and Consumer Conference.
  • The discussion will begin at 10:55 AM ET.

FLEETCOR Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Finance, Banking, Payments, Professional Services, Technology, Sale, NYSE, Financial result, GAAP, Acquisition, Growth, ID, Webcast, Fleetcor, Panther, Volkswagen Group, FLEETCOR, Pharmaceutical industry, Video game, Bank, Satellite navigation device, Reinsurance, Security (finance), EBITDA

FLEETCOR Technologies , Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023.

Key Points: 
  • FLEETCOR Technologies , Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023.
  • Net income increased 9% to $271.5 million in the third quarter of 2023, compared to $248.9 million in the third quarter of 2022.
  • EBITDA1 increased 13% to $528.9 million in the third quarter of 2023, compared to $466.4 million in the third quarter of 2022.
  • The Company will host a conference call to discuss third quarter 2023 financial results today at 5:30 pm ET.