Corpay — Nov 7, 2024 release

For the fourth quarter, we expect revenue growth acceleration across each of our segments and the realization of synergies from the Paymerang acquisition,” concluded Panther. For 2024, Corpay, Inc.'s updated financial guidance 1 is as follows: • Total revenues between $3,980 million and $4,010 million; • Net income between $1,061 million and $1,081 million; • Net income per diluted share between $14.82 and $15.02; • Adjusted net income between $1,355 million and $1,375 million; and • Adjusted net income per diluted share between $18.90 and $19.10. For fourth quarter 2024, Corpay, Inc.’s updated financial guidance 1 i s as follows: • Total revenues between $1,040 million and $1,070 million; • Net income per diluted share between $4.28 and $4.48; and • Adjusted net income per diluted share between $5.25 and $5.45. 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