Corpay, Inc. Provides Earnings Guidance for the Second Quarter 2024 and Revises Earnings Guidance for the Full Year 2024
May 08, 2024 at 04:15 pm EDT
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Corpay, Inc. provided earnings guidance for the second quarter 2024 and revised earnings guidance for the full year 2024. For the quarter, the company expects revenues to be between $960 million and $980 million. Net income between $248 million and $258 million. Net income per diluted share between $3.47 and $3.57.
For the year, the company expects total revenues between $3,960 million and $4,040 million. Net income between $1,075 million and $1,115 million. Net income per diluted share between $15.00 and $15.40.
Corpay, Inc., formerly FLEETCOR Technologies, Inc., is a corporate payments company. It helps businesses and consumers pay expenses. Its suite of payment solutions helps its customers manage vehicle-related expenses, such as fueling and parking; travel expenses, such as hotel bookings, and payables, such as paying vendors. Its solutions include AP Automation, Cross-Border and Commercial Cards. Its AP Automation solutions include procure-to-pay, payment automation and integrations. Its Procure-to-Pay optimizes accounts payable workflows with scheduled payments, automated approvals and real-time tracking, and enables cash flow management and financial decisions. Its trading platform and integrated payment solutions, which can be customized as per clientâs business requirements. Its Multi-Card is a payment method that offers a tailored solution designed for the clientâs business transactions. Its ExpenseTrack platform offers real-time automation, robust security and customized reporting.
CORPAY, INC. 
