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FleetCor reports Q1 adjusted EPS $3.80, consensus $3.69
The Fly

FleetCor reports Q1 adjusted EPS $3.80, consensus $3.69

Reports Q1 revenue $901.3M, consensus $881.56M. "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 first quarter performance is a great start to the year, and we are raising our guidance as a result of this over performance."

Published first on TheFly

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