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
Increase in the share repurchase authorization
“$1 billion”
Period
No period stated
Measure
Declared action
Source
Prose
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
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 be accessed live over the phone by dialing (800) 445-7795 or (203) 518-9856; the Conference ID is “CORPAY”. A replay will be available one hour after the call and can be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the replay access ID is 11157076. The replay will be available through Thursday, November 14, 2024. Prior to the conference call, the Company will post supplemental financial information that will be discussed during the call and live webcast. Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about Corpay’s beliefs, assumptions, expectations and future p
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.