HighGravityDataCorpay — Nov 7, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-24-046334
Showing in the filing
Foreign exchange rates
“equal to the October 2024 average”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 23
Cash EPS guide for FY2024
“$19.00 per share”
Cash EPS guide for FY2024
“$19.00 per share”
Revenue guide for FY2024
“$3,995 million at the mid-point”
Revenue guide (mid-point) for FY2024
“$3,995 million”
Revenue growth (mid-point) for Q4 FY2024
“13%”
Earnings growth (mid-point) for Q4 FY2024
“21%”
Total revenues for FY2024
“between $3,980 million and $4,010 million”
Net income for FY2024
“between $1,061 million and $1,081 million”
Net income per diluted share for FY2024
“between $14.82 and $15.02”
Adjusted net income for FY2024
“between $1,355 million and $1,375 million”
Adjusted net income per diluted share for FY2024
“between $18.90 and $19.10”
Total revenues for Q4 FY2024
“between $1,040 million and $1,070 million”
Net income per diluted share for Q4 FY2024
“between $4.28 and $4.48”
Adjusted net income per diluted share for Q4 FY2024
“between $5.25 and $5.45”
Weighted average U.S. fuel prices for FY2024
“$3.26 per gallon”
Fuel price spreads for FY2024
“relatively flat with the 2024 average”
Foreign exchange rates for FY2024
“equal to the October 2024 average”
Interest expense for FY2024
“between $380 million and $390 million”
Fully diluted shares outstanding for FY2024
“Approximately 72 million”
Effective tax rate for FY2024
“approximately 23% to 24%”
Impact related to material acquisitions not … for FY2024
“No impact”
Increase in share repurchase authorization for FY2024
“$1 billion”
Increase in the share repurchase authorization
“$1 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Corpay’s guidance assumptions are as follows: For the balance of the year: • Weighted average U.S. fuel prices of $3.26 per gallon; • Fuel price spreads relatively flat with the 2024 average; and • Foreign exchange rates equal to the October 2024 average. For the full year: • Interest expense between $380 million and $390 million; • Approximately 72 million fully diluted shares outstanding; • An effective tax rate of approximately 23% to 24%; and • No impact related to material acquisitions not closed. Increase of Term Loan B Credit Facility and Increase in Share Repurchase Authorization: On September 26, 2024, the Company completed a $500 million upsizing to the Term Loan B credit facility, at substantially similar terms to the existing debt. The proceeds were used to pay down the revolver; consequently, the incremental debt had a minimal impact on the Company’s leverage position at quarter end. The Board is also announcing today an increase in the share repurchase authorization by $1 billion, as authorized on November 5, 2024. Conference Call: The Company will host a conference call to discuss third quarter 2024 financial results today 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. The conference call will be webcast live from the Company's investor relations website at http://investor.corpay.com. The conference call can also
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.