Proprietary Report with Analysis on FleetCor Payments-Related Performance.
GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported first quarter (1Q/17) profits jumped 11.3% year-on-year (YOY) as domestic and international transactions also posted double-digit YOY gains in 1Q/17.
FleetCor says its fundamentals were strong, organic revenue growth was approximately 10% in the quarter, on a constant fuel price, currency, and spread basis.
Meanwhile, the Company signed a definitive agreement to acquire . . . .