TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, confirmed today that all ten nominees listed in its management information circular dated April 1, 2024 were elected as directors at the Annual Meeting of Shareholders held on May 15, 2024 (the “Meeting”), with each director receiving strong support as demonstrated by the results below. A total of 338,248,77
Amounts in US$ unless otherwise noted Record quarterly net revenue of US$262.5 million driving record adjusted EPS of US$0.27 and adjusted free cash flow per share of US$0.35Solid net revenue growth of 16.8% led by continued strength in services revenueStrong performance enables continued investment in our business for our clients while maintaining solid adjusted operating marginsManagement remains confident in its ability to meet, or potentially exceed, the upper end of guidance on most metrics
Key Insights Element Fleet Management's estimated fair value is CA$33.99 based on 2 Stage Free Cash Flow to Equity...