Fleetcor Technologies, Inc. (FLT) Tops Q2 EPS by 5c
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FLEETCOR Reports Second Quarter 2020 Financial Results
August 6, 2020 4:12 PM EDTATLANTA, Ga.--(BUSINESS WIRE)-- FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global provider of business payment solutions, today reported financial results for its second quarter of 2020.
The COVID-19 pandemic had a significant impact on our results in the second quarter of 2020, but we are pleased with our ability to manage our operating expenses during the quarter to help cushion our profit decline. Other bright spots were that our client retention remained stable at 91%, credit losses finished on plan and we generated approximately $200 million of free cash flow in the quarter, said Ron... More
