reports
Element Announces Pricing of Private Offering of Senior Notes
Element Announces Pricing of Private Offering of Senior Notes TORONTO, March 20, 2025 (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$650 million aggregate principal amount of 5.037% Senior Notes due 2030 (the “Notes”) in a private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will mature on March 25, 2030. The net proceeds from the offering are expected ...
Element Announces Proposed Private Offering of Senior Notes
Element Announces Proposed Private Offering of Senior Notes TORONTO, March 20, 2025 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes (the “Notes”) in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions (the “Notes Offering”). The Company intends to use the net proceeds from the Notes Offering for wo...
Element Fleet Management Corp: 1 director
A director at Element Fleet Management Corp bought 18,000 shares at 27.777CAD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last t...
Element Reports Fourth Quarter and Record 2024 Financial Results; Reaf...
Element Reports Fourth Quarter and Record 2024 Financial Results; Reaffirms Full-Year 2025 Guidance Amounts in US$ unless otherwise noted Record 2024 net revenue of $1.1 billion driving record adjusted operating income, adjusted earnings per share and adjusted free cash flow per share Record performance in 2024 underpinned by an 18% year-over-year increase in services revenue, and a 9% year-over-year increase in net financing revenue associated with higher net earning assets Strong performance allowed for acceleration of strategic investments to position us for future success while deliv...
Element Launches Risk Solutions Offering with Insurance
Element Launches Risk Solutions Offering with Insurance Element Risk Solutions, which will be available in the United States and Canada, combines insurance coverage placement with industry-leading claims management and advisory services. TORONTO, Jan. 30, 2025 (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 announces the launch of Element Risk Solutions - a fully integrated risk management offering. This new service, which Element is launching in a strategic pa...
Element to Announce Q4 and Full-Year 2024 Results and Host Conference ...
Element to Announce Q4 and Full-Year 2024 Results and Host Conference Call on February 27, 2025 TORONTO, Jan. 22, 2025 (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 2024 and full-year 2024 results conference call and webcast for investors and analysts on Thursday, February 27, 2025 at 8:00 a.m. Eastern Time. Element’s financial results for the period will be issued after market close on Wednesday, February 26, 2025 and will be available on the Compan...
Element Receives SBTi Validation of Near-Term Targets
Element Receives SBTi Validation of Near-Term Targets TORONTO, Nov. 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 announces the validation of its science-based targets by the Science Based Targets initiative (SBTi), available at sciencebasedtargets.org. This milestone underscores Element’s commitment to emissions reduction, demonstrating continued leadership in sustainability within the fleet management industry. The SBTi promotes science-based greenhouse g...
Laura Dottori-Attanasio Named 2024 New CEO of the Year
Laura Dottori-Attanasio Named 2024 New CEO of the Year TORONTO, Nov. 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 is proud to announce that its Chief Executive Officer Laura Dottori-Attanasio has been awarded the prestigious title of “New CEO of the Year” by the Globe and Mail’s Report on Business magazine. Since assuming the Element CEO role in May 2023, Ms. Dottori-Attanasio and her leadership team have made pivotal investments in the business includ...
2024 Global Electrification Report: Decarbonization Insights for Comme...
2024 Global Electrification Report: Decarbonization Insights for Commercial Fleets Actionable strategies to reduce fleet carbon emissions include reducing idling, optimizing vehicle and fleet sizes, and deploying low- and zero-emission vehicles.A robust change management plan can significantly contribute to decarbonization efforts, ensuring stakeholder engagement, policy updates, and effective transition roadmaps.Light-duty EVs now offer comparable performance and economic advantages compared to traditional ICE vehicles. TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Today, Element Fleet M...
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. 18, 2024 (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 “Co...
Element Reports Record Third Quarter Results, Raises Common Dividend, ...
Element Reports Record Third Quarter Results, Raises Common Dividend, and Provides Full-Year 2025 Guidance Amounts in US$ unless otherwise noted Generates record quarterly net revenue of $280 million; an increase of 12% year-over-year led by double-digit growth across all revenues categoriesDelivers adjusted EPS of $0.29 and adjusted free cash flow per share of $0.36Raises common dividend by 8% from CAD$0.48 to CAD$0.52 per share annually and announces intention to renew Normal Course issuer Bid ("NCIB")Completes acquisition of Autofleet, accelerating digital strategyGuides to net revenue ...
Element Welcomes New Chief Data and Analytics Officer, Evelyne Roy
Element Welcomes New Chief Data and Analytics Officer, Evelyne Roy TORONTO, Oct. 21, 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 excited to announce the appointment of Evelyne Roy as its new Chief Data and Analytics Officer. In this role, Ms. Roy will be accountable for designing and building scalable data and analytics systems that enable insights and responsible AI to optimize business operations, drive growth, improve safety, and ensure an exceptional cli...
Element to Announce Q3 2024 Results and Host Conference Call on Novemb...
Element to Announce Q3 2024 Results and Host Conference Call on November 14, 2024 TORONTO, Oct. 08, 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 Q3 2024 results conference call and webcast for investors and analysts on Thursday, November 14, 2024 at 8:00 a.m. Eastern Time. Element’s financial results for the period will be issued after market close on Wednesday, November 13, 2024 and will be available on the Company’s website at . The conference ...
Element Announces Executive Transition: Celebrating the Leadership of ...
Element Announces Executive Transition: Celebrating the Leadership of Frank Ruperto and Welcoming Heath Valkenburg as New CFO TORONTO, Sept. 03, 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 appointed Heath Valkenburg, Senior Vice President, Finance and Treasurer, as its new Executive Vice President and Chief Financial Officer effective March 28, 2025. Mr. Valkenburg will succeed current EVP and CFO, Frank Ruperto, who recently informe...
Element Announces Leadership Transition: Jim Halliday Appointed to Vic...
Element Announces Leadership Transition: Jim Halliday Appointed to Vice Chair, Ian Oncea Promoted to Chief Operating Officer TORONTO, Aug. 21, 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 excited to announce two leadership transitions within its executive team. After an illustrious tenure as Chief Operating Officer, Jim Halliday will take on a new role as Vice Chair, continuing to report directly to Laura Dottori-Attanasio, CEO. With over 20 years of dedicat...
Element Reports Record Second Quarter Results, Raises Full-Year 2024 G...
Element Reports Record Second Quarter Results, Raises Full-Year 2024 Guidance, and Announces Strategic Acquisition Amounts in US$ unless otherwise noted Record quarterly net revenue of US$274.6 million driving adjusted EPS of US$0.29 and adjusted free cash flow per share of US$0.38Robust net revenue growth of 14.1% year-over-year led by a double-digit increase across net financing and services revenues; and up 4.6% from a strong Q1 2024Reports record origination volume; up 28.2% from Q1 2024 and up 4.6% from Q2 2023Raises full-year 2024 guidance on most metrics as a result of robust first ...
Element to Announce Q2 2024 Results and Host Conference Call on August...
Element to Announce Q2 2024 Results and Host Conference Call on August 14, 2024 TORONTO, July 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 Q2 2024 results conference call and webcast for investors and analysts on Wednesday, August 14, 2024 at 8:00 a.m. Eastern Time. Element’s financial results for the period will be issued after market close on Tuesday, August 13, 2024 and will be available on the Company’s website at . The conference call ...
Element Releases 2024 Sustainability Report
Element Releases 2024 Sustainability Report Moving the world toward a brighter future for our clients, planet, people, communities, and business Committed to setting near-term Science Based Targets Aligned disclosures to the Task Force on Climate-related Financial Disclosures Measured and addressed impact through Scopes 1, 2 and 3 greenhouse gas emissions disclosure TORONTO, June 24, 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 released its 2024 Sustain...
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...
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