Corpay Reports 18% Revenue Growth in Q3 and Projects Long-Term Organic Expansion
Corpay, Inc. (CPAY) reported strong third-quarter financial results, highlighted by an 18% increase in revenue to $1.38 billion and a significant 32% rise in cash earnings per share (EPS) to $7.54. The company achieved organic revenue growth of 11% during the quarter. Looking ahead, management has provided optimistic long-term guidance, projecting organic revenue growth between 9% and 11% through 2027. Additionally, Corpay plans to deploy approximately $2 billion in free cash flow toward strategic initiatives or capital allocation over the coming period.
Tickers: $07G0
Topics: earnings per share organic revenue growth revenue growth
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