Element Fleet Management Corp
TSX:EFN

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Element Fleet Management Corp
TSX:EFN
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Price: 35.84 CAD -0.44% Market Closed
Market Cap: 14.4B CAD

Element Fleet Management Corp
Investor Relations

Element Fleet Management Corp. stands as a pivotal player in the world of fleet services, offering a seamless blend of fleet management expertise and cutting-edge technological solutions. Headquartered in Toronto, Canada, the company serves a diverse spectrum of clients ranging from multinational corporations to government agencies. Element's core operation revolves around the management of vehicle fleets, providing end-to-end solutions that include acquisition, financing, maintenance, and even disposal of vehicles. At its essence, the company alleviates the complexities of fleet management for its clients, allowing them to concentrate on their primary business operations while Element ensures the fleets run efficiently, cost-effectively, and sustainably.

The company generates revenue through a combination of fleet leasing and maintenance service fees. Element leverages scale and technology to offer competitive pricing, while optimizing performance and compliance for its clients' fleets. Their business model is supported by long-term service agreements that provide steady, recurring revenue streams. Moreover, Element differentiates itself by investing in proprietary technology platforms that offer data-driven insights to enhance fleet efficiency and drive down operational costs. This commitment to innovation allows Element to maintain a robust foothold in the fleet management industry while continuously adapting to the evolving needs of businesses navigating the demands of modern transportation logistics.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 13, 2025
AI Summary
Q3 2025

Record Performance: Element Fleet delivered record results across key metrics in Q3, including double-digit net revenue growth, earnings, and free cash flow per share.

Strong Revenue: Net revenue climbed to $306 million, up 10% year-over-year, with solid contributions from both services and financing revenue.

Profitability: Operating margin expanded to 58%, and earnings per share rose 14% year-over-year to $0.33.

Syndication Yield: Despite lower syndication volumes, syndication revenue grew 20% year-over-year thanks to a higher yield of 3.2%, boosted by bonus depreciation.

Client Growth: Element added 38 new clients and 278 new service enrollments in Q3, winning business from both managed and self-managed fleets.

Digital & Technology: Continued investment in digital offerings, highlighted by the launch of a new mobile app and the success of the Autofleet platform.

Positive Outlook: Management expects to finish 2025 at or above the high end of guidance for all metrics except originations, with momentum into Q4.

Key Financials
Net Revenue
$306 million
Services Revenue
$156 million
Net Financing Revenue
$130 million
Core NFR Yield
4.85%
Syndication Volume
$632 million
Syndication Revenue
$20 million
Syndication Yield
3.2%
Asset Originations
$1.7 billion
Asset Originations (Mexico)
$342 million
Adjusted Operating Expenses
$129 million
Operating Margin
58%
Earnings Per Share
$0.33
Return on Equity
18.8%
Free Cash Flow Per Share
$0.42
Debt-to-Capital Ratio
75.7%
Capital Returned to Shareholders
$61 million (Q3); $87 million year-to-date (4.1 million shares repurchased)
Earnings Call Recording
Other Earnings Calls

Management

Ms. Laura L. Dottori-Attanasio
CEO, President & Director
No Bio Available
Mr. Frank A. Ruperto
Executive VP & CFO
No Bio Available
Mr. James R. Halliday
Vice Chair
No Bio Available
Mr. David Madrigal
Executive VP & Chief Commercial Officer
No Bio Available
Mr. Ian Oncea
Executive VP & COO
No Bio Available
Mr. Michael Barrett
Vice President of Investments
No Bio Available
Rocco Colella
Director of Investor Relations
No Bio Available
Mr. David Colman
Executive VP, Chief Legal & Sustainability Officer and Corporate Secretary
No Bio Available
Mr. Bill Sutherland
Executive VP & Chief People Officer
No Bio Available
Mr. Chris Gittens
Executive Vice President of Leasing
No Bio Available

Contacts

Address
ONTARIO
TORONTO
161 Bay Street, Suite 3600
Contacts
+14163861067.0
www.elementfleet.com