Fleetcor Technologies, Inc. (FLT) Tops Q1 EPS by 10c
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FLEETCOR Reports First Quarter 2023 Financial Results
May 3, 2023 4:05 PM EDTATLANTA--(BUSINESS WIRE)-- FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its first quarter ended March 31, 2023.
We reported a very good first quarter, with fundamental trends driving reported and organic revenue growth of 14% and 12%, respectively, said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. Broad-based strength in new sales, up 31%, and stable customer retention of 91%, drove the results. EBITDA margins were up 100 bps, as a result of tighter expense control, as we focus on improving margins while growing our business, continued Ron. Our... More
