Associated tags: EFN, TSX, Accident, EVS, Element
Locations: ASIA, MARYLAND, MINNESOTA, MISSISSAUGA, ON, CA, AMERICAS, SINGAPORE, NORTH AMERICA, NEW ZEALAND, AUSTRALIA
Retrieved on:
Thursday, February 15, 2024
Core to Element’s improved CDP score this year was the disclosure of greenhouse gas (GHG) emissions.
Key Points:
- Core to Element’s improved CDP score this year was the disclosure of greenhouse gas (GHG) emissions.
- In addition, Arc by Element, our end-to-end fleet electrification and decarbonization solution continues its positive momentum.
- This year’s CDP score reflects the important action on climate issues the Company is taking related to environmental transparency.
- “Our CDP score this year acknowledges that we are taking important action on climate issues and delivering sustained and positive differences where we live and work.”
Retrieved on:
Thursday, January 25, 2024
TORONTO, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, will hold its Q4 2023 and full-year 2023 results conference call and webcast for investors and analysts on Wednesday, February 28, 2024 at 8:00 a.m. Eastern Time.
Key Points:
- TORONTO, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, will hold its Q4 2023 and full-year 2023 results conference call and webcast for investors and analysts on Wednesday, February 28, 2024 at 8:00 a.m. Eastern Time.
- Element’s financial results for the period will be issued after market close on Tuesday, February 27, 2024 and will be available on the Company’s website at elementfleet.com/investor-relations/public-disclosures .
- The conference call and webcast can be accessed as follows:
Retrieved on:
Monday, November 27, 2023
Regulation,
Bank,
Sale,
EFN,
Note,
Person,
Commerce,
Debt-to-GDP ratio,
Element,
Prospectus,
TSX,
Bank of Montreal TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it has agreed to sell US$750 million aggregate principal amount of 6.319% Senior Notes due 2028 (the “Notes”) in a private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”).
Key Points:
- TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it has agreed to sell US$750 million aggregate principal amount of 6.319% Senior Notes due 2028 (the “Notes”) in a private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”).
- The Notes will mature on December 4, 2028.
- The offering is expected to close on December 4, 2023, subject to customary closing conditions.
- Additionally, in Canada the offering will be made pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.
Retrieved on:
Monday, November 27, 2023
TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes (the “Notes”) in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions (the “Notes Offering”).
Key Points:
- TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes (the “Notes”) in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions (the “Notes Offering”).
- The Company intends to use the net proceeds from the Notes Offering (i) to repay all of its outstanding indebtedness under its existing bilateral term loan facilities with Bank of Montreal and Canadian Imperial Bank of Commerce and pay related fees and expenses and (ii) for working capital and general corporate purposes.
- The Notes will not be registered under the Securities Act or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws.
- Additionally, in Canada the offering will be made pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.
Retrieved on:
Tuesday, November 21, 2023
The Adecco Group,
Hospital,
Digital,
EFN,
Chair,
Season,
Humanities,
Trustee,
University,
York University,
National Council,
Air Canada,
Advisory board,
MBA,
Investment,
Royal Bank,
Osgoode Hall Law School,
Chairperson,
Task force,
Collection,
TSX,
McGill University,
Trent University,
Digital economy,
Organization,
Huron University,
Mount Saint Vincent University,
Management She will succeed the Company’s current Board Chair, David Denison, who will retire from the Board at the Meeting after completing his five-year term as Chair.
Key Points:
- She will succeed the Company’s current Board Chair, David Denison, who will retire from the Board at the Meeting after completing his five-year term as Chair.
- She is also Vice Chair of the Adecco Group AG, and a director of Air Canada and Mattamy Asset Management.
- Ms. Taylor recently concluded her tenure as a director and chair of the Board of the Royal Bank of Canada and as a director of CPP Investments.
- Taylor brings a wealth of C-suite leadership and board experience gained from her time at a number of prominent organizations.
Retrieved on:
Monday, November 13, 2023
TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company’s notice of intention to renew its normal course issuer bid (the “NCIB”) for its issued and outstanding common shares (the “Common Shares”) in furtherance of its capital return strategy.
Key Points:
- TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company’s notice of intention to renew its normal course issuer bid (the “NCIB”) for its issued and outstanding common shares (the “Common Shares”) in furtherance of its capital return strategy.
- As of November 1, 2023, the Company had 389,064,826 Common Shares issued and outstanding and a “public float” of 388,521,595 Common Shares.
- Under the current NCIB, the Company has repurchased Common Shares over the TSX and over alternative trading systems in Canada.
- Outside of these blackout periods, Common Shares will continue to be purchasable by the Company at its discretion under the NCIB.
Retrieved on:
Wednesday, October 18, 2023
EVP,
Kalinga Lancers,
SDG,
Workplace,
Sustainable Development Goals,
Social impact,
Sustainable Development Goals and Lebanon,
Education 2030 Agenda,
Canada,
Citibank International Personal Bank Singapore,
Sustainable development,
Tourism TORONTO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- As we evaluate our midpoint progress on the 2030 Agenda, the challenge ahead is clear: many of the Sustainable Development Goals (SDGs) remain unmet as we approach the deadline. In response to this pressing need, the UN Global Compact Network Canada presents a new podcast series initiative, SDG in Action: Real-World Examples of Sustainable Business Practices. Premiering this October, and proudly sponsored by Element Fleet Management, the first episode resonates with Canadian Women's History Month and International Persons Day, spotlighting Gender Equality in the Workplace.
Key Points:
- In response to this pressing need, the UN Global Compact Network Canada presents a new podcast series initiative, SDG in Action: Real-World Examples of Sustainable Business Practices .
- Elizabeth Dove, Executive Director of the UN Global Compact Network Canada, shared, “We're not just offering a podcast; we're extending an invitation to the business community.
- Jacqui McGillivray, EVP & Chief People and Social Impact Officer at Element Fleet Management, the series sponsor, expresses her support: “At Element Fleet Management, we are excited to sponsor the UN Global Compact Network Canada’s SDG in Action Podcast Series.
- Bringing businesses together for this shared mission, UN Global Compact Network Canada is actively constructing a brighter, more sustainable world.
TORONTO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, will hold its Q3 2023 results conference call and webcast for investors and analysts on Tuesday, November 7, 2023 at 8:00 a.m. Eastern Time.
Key Points:
- TORONTO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, will hold its Q3 2023 results conference call and webcast for investors and analysts on Tuesday, November 7, 2023 at 8:00 a.m. Eastern Time.
- Element’s financial and operating results for the period will be issued after market close on Monday, November 6, 2023 and will be available on the Company’s website at elementfleet.com/investor-relations/public-disclosures .
- The conference call and webcast can be accessed as follows:
Service,
EFN,
AOI,
Sale,
FCF,
TSX,
Growth,
EPS,
OEM,
ROE,
Cryptocurrency,
Security (finance),
Arms industry,
Video game,
Q2,
Element Second quarter EPS were $0.29, up 3 cents both year-over-year and from Q1 2023 ("quarter-over-quarter"). Q2 adjusted EPS were a record $0.33, up 5 cents over "organic" Q2 2022 (3 cents in constant currency) and 2 cents quarter-over-quarter. Element generated a record $0.46 of free cash flow ("FCF") per share in the quarter -- 9 cents more year-over-year (6 cents in constant currency) and 9 cents more quarter-over-quarter -- driven primarily by the significant increase in originations. ROE and pre-tax ROE at June 30, 2023 were 12.3% and a record 19.2%, respectively.
Key Points:
- Element grew second quarter net revenue 12.1% over Q2 2022 (“year-over-year”) and 8.4% over “organic” Q2 2022 net revenue (ie.
- Q2 adjusted EPS were a record $0.33, up 5 cents over "organic" Q2 2022 (3 cents in constant currency) and 2 cents quarter-over-quarter.
- ROE and pre-tax ROE at June 30, 2023 were 12.3% and a record 19.2%, respectively.
- Nonetheless, Element affirms its $1.58 - $1.63 FCF per share guidance range for full-year 2023.
