Element Fleet Management Corp. ( (ELEEF) ) has released its Q1 earnings. Here is a breakdown of the information Element Fleet Management Corp. presented to its investors.
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Element Fleet Management Corp., the largest publicly traded automotive fleet manager globally, offers a comprehensive range of mobility solutions, focusing on optimizing fleet performance across North America, Australia, and New Zealand.
In its first quarter of 2025, Element Fleet Management Corp. reported solid financial results despite challenging market conditions, showcasing the company’s robust business model and operational resilience.
The company achieved a 5% year-over-year increase in net revenues, reaching $276 million, driven by growth across all categories. Adjusted earnings per share rose by 8% to $0.28, and diluted free cash flow per share increased by 9% to $0.36. Element also reported a return on equity of 16.7%, up from 15.4% in the previous year. The company’s global order backlog rose to $2 billion, reflecting strong client demand. Additionally, Element repurchased 2.2 million common shares for approximately $40 million.
Element’s strategic initiatives, such as navigating global trade tensions and focusing on client success, continue to support its growth. The company has also made strides in moderating expense growth, which is expected to aid in expanding operating margins throughout 2025.
Looking ahead, Element Fleet Management Corp. remains committed to leveraging its industry expertise to guide clients through market uncertainties and sustain long-term success. The company anticipates continued growth in client order volumes and plans to maintain its focus on innovation and operational efficiency.