reports
Element Announces Annual Meeting Voting Results
Element Announces Annual Meeting Voting Results 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 338,248,770 common shares (approximately 86.96% of the ou...
Element Reports Record First Quarter Results
Element Reports Record First Quarter Results 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 TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Eleme...
Element Announces Collaboration with BYD
Element Announces Collaboration with BYD TORONTO, April 25, 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, today announced it has commenced operations in its newest global location in Singapore. This expansion marks a significant milestone in Element’s ongoing strategic initiative to enhance its global procurement capabilities and strategic sourcing relationships in Asia. In line with this expansion, Element is also pleased to announce it has entered into a coll...
Element to Announce Q1 2024 Results and Host Conference Call on May 15...
Element to Announce Q1 2024 Results and Host Conference Call on May 15, 2024 TORONTO, April 10, 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, will hold its Q1 2024 results conference call and webcast for investors and analysts on Wednesday, May 15, 2024 at 8:00 a.m. Eastern Time. Element’s financial results for the period will be issued after market close on Tuesday, May 14, 2024 and will be available on the Company’s website at . The conference call and webc...
Element Named to Report on Business Magazine’s Fifth Annual Women Lead...
Element Named to Report on Business Magazine’s Fifth Annual Women Lead Here Benchmark of Executive Gender Diversity TORONTO, April 02, 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, is pleased to announce it has been included in the Globe and Mail’s 2024 Report on Business magazine’s annual Women Lead Here list. “A large part of what makes Element special is our commitment to cultivating a culture of diversity, equity, inclusion and belonging, not just with our...
Element Nominates Luis Téllez for Election to Board of Directors
Element Nominates Luis Téllez for Election to Board of Directors TORONTO, April 01, 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, today announced that a new independent director nominee, Luis Téllez, has been nominated to stand for election to the Company’s Board of Directors at its Annual General Meeting of Shareholders on May 15, 2024. Mr. Téllez is an economist with extensive experience in both private and public sectors in Mexico. Mr. Téllez currently runs h...
Element Fleet Management Corp: 1 director
A director at Element Fleet Management Corp maiden bought 2,500 shares at 22.020CAD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the ...
Element Announces Pricing of Private Offering of Senior Notes
Element Announces Pricing of Private Offering of Senior Notes TORONTO, March 04, 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, today announced that it has agreed to sell US$750,000,000 aggregate principal amount of 5.643% Senior Notes due 2027 (the “Notes”) in a private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will mature on March 13, 2027. The net proceeds from the offering are expecte...
Element Announces Proposed Private Offering of Senior Notes
Element Announces Proposed Private Offering of Senior Notes TORONTO, March 04, 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, today announced that it intends to sell senior unsecured notes (the “Notes”) in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions (the “Notes Offering”). The Company intends to use the net proceeds from the Notes Offering for wo...
Element Reports Strong Fourth Quarter and Record 2023 Results, Provide...
Element Reports Strong Fourth Quarter and Record 2023 Results, Provides Update on Strategic Initiatives Amounts in $CAD unless otherwise noted Record net revenue of $1.3 billion driving record operating margins, adjusted earnings, and adjusted free cash flow per shareStrong performance driven by a 35.8% increase in new originations, continued commercial success in converting self-managed fleets, increasing share of wallet with existing clients, and earning share from competitorsDelivered adjusted operating margin expansion of 110 bps in 2023 while strategically reinvesting in the business ...
Element Fleet Management Announces New Leasing Hub in Dublin
Element Fleet Management Announces New Leasing Hub in Dublin New operation to create more than 70 new jobs TORONTO, Feb. 22, 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, recently announced the creation of 70 new jobs as it establishes a centralized leasing function in Dublin, Ireland. This project is supported by the Irish Government through IDA Ireland. “Centralizing accountabilities for our leasing function into a global leasing centre of excellence allo...
Element Fleet Achieves B Score in CDP Climate Change Analysis
Element Fleet Achieves B Score in CDP Climate Change Analysis TORONTO, Feb. 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, today announced it received a B score from CDP, improving significantly from its previous D rating, and ranking higher than the North American regional average. Core to Element’s improved CDP score this year was the disclosure of greenhouse gas (GHG) emissions. In addition, Arc by Element, our end-to-end fleet electrification and decarbon...
Element to Announce Q4 and Full-Year 2023 Results and Host Conference ...
Element to Announce Q4 and Full-Year 2023 Results and Host Conference Call on February 28, 2024 TORONTO, Jan. 25, 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, will hold its Q4 2023 and full-year 2023 results conference call and webcast for investors and analysts on Wednesday, February 28, 2024 at 8:00 a.m. Eastern Time. Element’s financial results for the period will be issued after market close on Tuesday, February 27, 2024 and will be available on the Company’...
Element Announces Pricing of Private Offering of Senior Notes
Element Announces Pricing of Private Offering of Senior Notes TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it has agreed to sell US$750 million aggregate principal amount of 6.319% Senior Notes due 2028 (the “Notes”) in a private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will mature on December 4, 2028. The net proceeds from the offering are expected...
Element Announces Proposed Private Offering of Senior Notes
Element Announces Proposed Private Offering of Senior Notes TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes (the “Notes”) in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions (the “Notes Offering”). The Company intends to use the net proceeds from the Notes Offering (i) to ...
Element Announces Board Appointment of Kathleen Taylor, Who Will Assum...
Element Announces Board Appointment of Kathleen Taylor, Who Will Assume Role of Chair following 2024 AGM TORONTO, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly-traded pure-play automotive fleet manager in the world, today announced that Kathleen (Katie) Taylor has been appointed to the Company’s Board of Directors and will assume the role of Chair effective upon her election as a director at Element’s 2024 annual shareholder meeting (the “Meeting”), currently expected to be held in May 2024. She will succeed t...
Element Announces Renewal of Normal Course Issuer Bid
Element Announces Renewal of Normal Course Issuer Bid NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Amounts in CAD unless otherwise noted • Permitted to purchase the maximum number of EFN Common Shares under the TSX rules TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company’s notice of intention to renew its normal course issuer bid (the “NCIB”) for its issued and outstanding common shares (the “C...
Element Reports Strong Q3 Results, Increases Common Dividend 20%, Anno...
Element Reports Strong Q3 Results, Increases Common Dividend 20%, Announces Strategic Initiatives and Provides 2024 Guidance Amounts in $CAD unless otherwise noted Q3 2023 net revenue grew 14.8% over Q3 2022 as reported or 15.6% on an "organic" and constant currency basisPre-tax income grew 17.5% and adjusted operating income grew 11.7% over Q3 2022 results as reportedQ3 2023 EPS were $0.32 and adjusted EPS were $0.35, representing 7 cents and 5 cents improvement, respectively, over Q3 2022 results as reportedQ3 2023 free cash flow per share was $0.42 or 4 cents more than Q3 2022 as repo...
UN Global Compact Network Canada Launches SDG in Action Podcast Series
UN Global Compact Network Canada Launches SDG in Action Podcast Series TORONTO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- As we evaluate our midpoint progress on the 2030 Agenda, the challenge ahead is clear: many of the Sustainable Development Goals (SDGs) remain unmet as we approach the deadline. In response to this pressing need, the presents a new podcast series initiative, . Premiering this October, and proudly sponsored by the first episode resonates with Canadian Women's History Month and International Persons Day, spotlighting Gender Equality in the Workplace. This podcast series sea...
Element Fleet Management Schedules Q3 2023 Results and Conference Call
Element Fleet Management Schedules Q3 2023 Results and Conference Call Call Date: Tuesday, November 7, 2023 Call Time: 8:00 a.m. (Eastern Time) TORONTO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, will hold its Q3 2023 results conference call and webcast for investors and analysts on Tuesday, November 7, 2023 at 8:00 a.m. Eastern Time. Element’s financial and operating results for the period will be issued after market close on Monday, November 6, ...
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