Element Fleet Management Corp. (TSE:EFN) has released an update.
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Element Fleet Management Corp. has announced a record-breaking first quarter with net revenue reaching $262.5 million, marking a significant 16.8% growth from the previous year, predominantly driven by robust services revenue. The company also reported a strong adjusted earnings per share (EPS) of $0.27 and an impressive adjusted free cash flow per share of $0.35. With this stellar performance, management remains optimistic about meeting or surpassing their financial targets for the year.
For further insights into TSE:EFN stock, check out TipRanks’ Stock Analysis page.