Fleetcor Technologies, Inc. (FLT) Tops Q1 EPS by 17c

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FLEETCOR Reports First Quarter 2020 Financial Results

May 7, 2020 4:06 PM EDT

ATLANTA--(BUSINESS WIRE)-- FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global provider of commercial payment solutions, today reported financial results for its first quarter of 2020.

We managed a pretty good Q1 result, particularly considering the current environment, with adjusted net income per diluted share finishing at $3.00, up 12%. January and February revenue started quite well, 8% and 8% growth respectively, prior to experiencing the mid-March shutdowns, said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc.

Like many companies, we have reset our priorities to reflect the situation we are in. Initially, we responded... More