Corpay, Inc. (NYSE:CPAY), a corporate payments company, today announced certain preliminary financial results for its third quarter ended September 30, 2024.
Revenue for the third quarter of 2024 is expected to be $1.029 billion.
Same store sales remained stable sequentially in the third quarter, and were essentially flat. Segment results were in line with company expectations.
Earnings per diluted share are expected to be $3.90. Adjusted earnings per diluted share are expected to be $5.001. The company reiterated its full year adjusted earnings per share guidance of $19.001, at the mid-point provided on August 7, 2024.
“We’re pleased that our third quarter results finished at the higher end of our revenue and earnings guidance ranges. Our confidence in our fourth quarter outlook is higher today than in August, and calls for low double digit organic revenue growth, and an annualized Cash EPS exit run-rate above $21.00,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc.
The Company will hold its regularly scheduled earnings call at 5:00 pm on November 7, 2024.
