Bullboard - Stock Discussion Forum Element Fleet Management Corp T.EFN.PR.E

Primary Symbol: T.EFN Alternate Symbol(s): ELEEF | T.EFN.PR.C

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Element Fleet Management Corp. is a Canada-based global automotive fleet manager. The Company provides business-to-business services and financing to corporations, governments and not-for-profits. It operates in various countries, including the United States, Canada, Mexico, Australia and New Zealand. It provides services and financing for commercial vehicle and equipment fleets, reaching... see more

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TSX:EFN - Post Discussion

Element Fleet Management Corp > Another View of Earnings

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Post by retiredcf on May 26, 2024 1:45pm

Another View of Earnings

EPS of 26c beat estimates of 24c; revenue of $262.4M beat estimates of $243.7M. Revenue rose 17%. The upper end of prior guidance was affirmed. Operating margin rose 1.5 points. EPS rose 16%. Free cash flow per share rose 27%. Originations rose nearly 10%. The results have allowed EFN to 'accelerate some investments in our businesses'. Results/outlook were solid and the stock hit an all-time high. At 17X earnings we would be comfortable buying some. (5iResearch)

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