Element Fleet Management Corp. ( (ELEEF) ) has released its Q4 earnings. Here is a breakdown of the information Element Fleet Management Corp. presented to its investors.
Element Fleet Management Corp., the largest publicly traded automotive fleet manager globally, offers comprehensive mobility solutions across North America, Australia, and New Zealand, focusing on fleet optimization and sustainability.
Element Fleet Management Corp. has reported record financial results for the year 2024, with net revenue reaching $1.1 billion, driven by significant increases in services and net financing revenue. This robust performance has enabled the company to accelerate strategic investments, positioning it for future growth while maintaining strong operating margins.
Key highlights from the report include an 18% year-over-year increase in services revenue and a 9% rise in net financing revenue. The company also achieved a record adjusted operating income of $601 million, reflecting a 13% growth from the previous year. Element’s capital-light business model and strong client demand have contributed to its success, with significant growth in syndication volume and originations.
Looking ahead, Element reaffirms its 2025 guidance, anticipating net revenue growth of 6.5% to 8.5% and positive adjusted operating leverage. The company expects to realize the benefits of its 2024 investments, focusing on digital innovation and operational efficiencies to sustain its growth trajectory.
Element’s management remains optimistic about the future, with plans to continue expanding its client base and enhancing its service offerings, supported by strategic initiatives like the acquisition of Autofleet and the launch of a new Insurance Risk solution.