Element Fleet Management Corp. ( (ELEEF) ) has released its Q3 earnings. Here is a breakdown of the information Element Fleet Management Corp. presented to its investors.
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Element Fleet Management Corp., the largest publicly traded automotive fleet manager, provides comprehensive fleet services and solutions across North America, Australia, and New Zealand. Element Fleet Management Corp. reported record third-quarter financial results, with a 12% year-over-year increase in net revenue to $280 million and notable growth across all revenue categories. The company also announced an 8% increase in its common dividend and the completion of the Autofleet acquisition, which is expected to enhance its digital strategy. Key financial highlights include an adjusted EPS of $0.29 and an adjusted free cash flow per share of $0.36. The company’s adjusted operating income rose by 15% year-over-year, and syndication revenue increased significantly. Looking forward, Element anticipates continued growth in 2025, driven by organic opportunities and strategic initiatives, with expectations for net revenue growth and improvements in adjusted earnings metrics.
