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FLEETCOR® Acquires PayByPhone, a Global Digital Parking Company

Retrieved on:

Tuesday, November 7, 2023

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the acquisition of PayByPhone, a global provider of digital parking payment solutions.

Key Points:

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the acquisition of PayByPhone, a global provider of digital parking payment solutions.
The acquisition expands FLEETCOR’s vehicle payment solution set for both its fleet customers and consumers.
First, by providing our customers access to one of the world’s leading parking apps, it helps expand the vehicle payment solutions we provide our B2B fleet customers in North America and Europe.
Our strategy is to deliver our existing payment products and networks through a single mobile app to PayByPhone’s UK customers.

FLEETCOR Technologies to Announce Third Quarter 2023 Results on November 8, 2023

Retrieved on:

Monday, October 23, 2023

Payments, Professional Services, Technology, Fintech, Software, ID, NYSE, Fleetcor, Satellite navigation device

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company (“FLEETCOR”), today announced that the Company will host a conference call to discuss third quarter 2023 financial results on Wednesday, November 8, 2023 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 third quarter 2023 financial results on Wednesday, November 8, 2023 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 third quarter 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 (888) 886-7786, or for international callers (416) 764-8658.

EPSG Welcomes Greg Strzegowski as Chief Financial Officer

Retrieved on:

Thursday, October 5, 2023

EPSG, a leader in the payment solutions industry, is proud to announce the appointment of Greg Strzegowski as its new Chief Financial Officer (CFO).

Key Points:

EPSG, a leader in the payment solutions industry, is proud to announce the appointment of Greg Strzegowski as its new Chief Financial Officer (CFO).
CEO Brent Rose, remarked, "Greg is not just a CFO; he is a beacon of experience, bringing 20 years of refined expertise.
With him on board, the future of EPSG shines brighter.”
Greg's impressive career began at Arthur Andersen as a public accountant.
Reflecting on his new journey at EPSG, Greg shares, "I cherish being part of executive teams enriched with a dynamic culture and clear vision of growth.

Hiya Announces 2023 State of the Call Telecom Industry Summit in New York City

Retrieved on:

Thursday, August 31, 2023

Hiya’s State of the Call Summit is the telecom industry’s foremost event focused on phone fraud and spam, a problem that is plaguing phone users worldwide.

Key Points:

Hiya’s State of the Call Summit is the telecom industry’s foremost event focused on phone fraud and spam, a problem that is plaguing phone users worldwide.
According to the FTC, consumer fraud is costing consumers multiple billions of dollars annually .
The full-day conference will include keynote presentations, panel discussions, and enterprise case studies featuring major telecom organizations and industry experts.
“This is an essential event for every carrier and business impacted by phone fraud and spam,” said Kush Parikh, President of Hiya.

FLEETCOR Exits Russia

Retrieved on:

Tuesday, August 15, 2023

Payments, Professional Services, Technology, Fintech, Software, Sale, Bank, Bank of America, ASR, Fleetcor, Share repurchase, NYSE, FLEETCOR, Cryptocurrency

FLEETCOR Technologies, Inc. (NYSE: FLT) , a leading global business payments company, today announced the sale of its Russia business to a local investment group.

Key Points:

FLEETCOR Technologies, Inc. (NYSE: FLT) , a leading global business payments company, today announced the sale of its Russia business to a local investment group.
“We concluded the sale of our Russia business this week and are now completely out of the market.
We are also announcing the launch of a $450 million ASR to buyback FLEETCOR stock,” said Ron Clarke, Chairman and CEO of FLEETCOR Technologies, Inc.
FLEETCOR anticipates that all repurchases under the ASR will be completed by the end of the third quarter of 2023.

FLEETCOR Reports Second Quarter 2023 Financial Results

Retrieved on:

Tuesday, August 8, 2023

“Our second quarter results were solid with 10% revenue growth, 20% sales growth and 11% EBITDA growth,” said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. “We are raising our 2023 guidance to reflect our second quarter beat.

Key Points:

“Our second quarter results were solid with 10% revenue growth, 20% sales growth and 11% EBITDA growth,” said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. “We are raising our 2023 guidance to reflect our second quarter beat.
We are progressing with our strategic review and a range of options are on the table.”
Financial Results for Second Quarter of 2023:
Revenues increased 10% to $948.2 million in the second quarter of 2023, compared to $861.3 million in the second quarter of 2022.
Net income decreased 9% to $239.7 million in the second quarter of 2023, compared to $262.2 million in the second quarter of 2022, largely due to $65 million in higher interest expense over the second quarter of 2022.
EBITDA1 increased 11% to $497.1 million in the second quarter of 2023, compared to $448.9 million in the second quarter of 2022.

FLEETCOR® Appoints Experienced Financial Expert to Its Board of Directors

Retrieved on:

Thursday, August 3, 2023

Payments, Professional Services, Technology, Fintech, Software, Lead, Fleetcor, Head, National bank, Audit committee, Retirement, CPA, CFO, National Bank of Canada, Merrill (company), KPMG, NYSE, Management

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the appointment of Gerald Throop to its Board of Directors and the retirement of long-tenured director, Mike Buckman.

Key Points:

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the appointment of Gerald Throop to its Board of Directors and the retirement of long-tenured director, Mike Buckman.
Throop is the third new Director appointed this year as part of FLEETCOR’s Board refreshment initiative.
Throop brings extensive financial services experience that includes tenures as Head of Global Equities at the National Bank of Canada, and Head of Canadian Equities at Merrill Lynch.
Throop currently serves as Audit Committee Chair and Lead Independent Director on the Ceridian Board of Directors.

FLEETCOR Technologies to Announce Second Quarter 2023 Results on August 8, 2023

Retrieved on:

Friday, July 21, 2023

Payments, Professional Services, Technology, Fintech, Software, Fleetcor, NYSE, ID, Satellite navigation device

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company (“FLEETCOR”), today announced that the Company will host a conference call to discuss second quarter 2023 financial results on Tuesday, August 8, 2023 at 5:00 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 second quarter 2023 financial results on Tuesday, August 8, 2023 at 5:00 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 second quarter 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 (888) 886-7786, or for international callers (416) 764-8658.

FLEETCOR Closes Out Chapter in FTC Case

Retrieved on:

Friday, June 9, 2023

Professional Services, Payments, Other Professional Services, Technology, Other Technology, Fintech, Digital Cash Management, Digital Assets, Disclosure, Fleetcor, NYSE, FLEETCOR, FTC, Marketing

FLEETCOR Technologies, Inc. (NYSE: FLT), today announced that it received the anticipated court order in the FTC marketing practices and disclosure case.

Key Points:

FLEETCOR Technologies, Inc. (NYSE: FLT), today announced that it received the anticipated court order in the FTC marketing practices and disclosure case.
As expected, the court order limits its injunctive relief to FLEETCOR’s fuel card business in the United States.
FLEETCOR reiterates that we believe the implementation of this order will not be material to the company’s financial performance.
“We’re pleased to close out this chapter of the FTC case,” said Ron Clarke, Chairman and CEO of FLEETCOR Technologies, Inc. “We remain committed to industry-leading transparency and offering our customers compelling products and services that provide significant value to help them run their businesses.”

FLEETCOR Named to Newsweek’s List of the Top 100 Global Most Loved Workplaces For 2023

Retrieved on:

Thursday, June 8, 2023

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, was recently named to Newsweek’s annual list of Top 100 Global Most Loved Workplaces® .

Key Points:

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, was recently named to Newsweek’s annual list of Top 100 Global Most Loved Workplaces® .
The 2023 Global Top 100 Most Loved Workplaces® is the newest list in the Most Loved Workplace® collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company.
“The companies featured on the 2023 Global Most Loved Workplaces® list embody this transformative spirit, proving that when companies prioritize their people, success naturally follows."
Newsweek then conducted additional research into every company on the list, as well as the top runners-up, to determine the final list of 100 companies and their rankings.