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Element Fleet Management Corp T.EFN.PR.E


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

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 around 56 countries worldwide through the Element-Arval Global Alliance. The Company provides solutions to various industries, such as construction; energy, oil and gas; food and beverage; healthcare; services; transportation, and utilities. Its services include acquisition, electric vehicle, financing, title and registration, collision management, fleet partnerships solutions, fuel, safety, taxable benefits, fleet telematics connectivity solutions, remarketing, sale leaseback, tolls and violations, and strategic fleet consulting. The Company has around 1.5 million client vehicles under management.


TSX:EFN - Post by User

Post by retiredcfon May 26, 2024 1:45pm
118 Views
Post# 36058041

Another View of Earnings

Another View of EarningsEPS 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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