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Element Fleet Management Corp

EFN.TO

Latest Trade

12.70CAD

Change

0.00(0.00%)

Volume

1,689,183

Today's Range

12.69

 - 

12.87

52 Week Range

6.85

 - 

13.04

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Element Fleet Management Reports Q3 Earnings Per Share Of C$0.14

Nov 6 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT REPORTS THIRD QUARTER RESULTS, INCREASES TRANSFORMATION TARGET TO $180 MILLION AND PROVIDES GROWTH OUTLOOK.SEES FY 2020 REVENUE UP 4 TO 6 PERCENT.Q3 EARNINGS PER SHARE C$0.14.Q3 EARNINGS PER SHARE ESTIMATE C$0.22 -- REFINITIV IBES DATA.QTRLY NET REVENUE $245.8 MILLION VERSUS $221.3 MILLION.Q3 REVENUE VIEW C$244.6 MILLION -- REFINITIV IBES DATA.

Element Fleet Management Reports Q2 Earnings Per Share Of C$0.12

July 31 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT REPORTS SECOND QUARTER RESULTS, CONTINUED PROGRESS ON TRANSFORMATION, AND A STRONGER BALANCE SHEET.Q2 REVENUE C$248.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$239.4 MILLION.Q2 EARNINGS PER SHARE C$0.12.Q2 EARNINGS PER SHARE ESTIMATE C$0.21 -- REFINITIV IBES DATA.QTRLY BASIC AFTER-TAX ADJUSTED OPERATING INCOME PER SHARE $0.21.

Element Q1 Earnings Per Share C$0.16

May 7 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT REPORTS FIRST QUARTER RESULTS, FURTHER PROGRESS ON TRANSFORMATION, STRENGTHENING OF ITS BALANCE SHEET, AND INCREASE TO 2020 GUIDANCE.SEES FY 2020 ADJUSTED OPERATING EARNINGS PER SHARE C$1.00 TO C$1.05.Q1 ADJUSTED EARNINGS PER SHARE C$0.21 INCLUDING ITEMS.Q1 EARNINGS PER SHARE C$0.16.Q1 EARNINGS PER SHARE ESTIMATE C$0.18 -- REFINITIV IBES DATA.Q1 REVENUE C$237.7 MILLION, UP C$29.3 MILLION.FY2020 EARNINGS PER SHARE VIEW C$0.91 -- REFINITIV IBES DATA.TARGETING RETURN ON EQUITY OF 13.0-13.5% AND A TANGIBLE LEVERAGE RATIO BELOW 6.0X EXITING 2020..

Element Reports Fourth Quarter And 2018 Results Client-Focused Transformation Ahead Of Plan

March 6 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT REPORTS FOURTH QUARTER AND 2018 RESULTS; CLIENT-FOCUSED TRANSFORMATION AHEAD OF PLAN.Q4 REVENUE C$220.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$218.6 MILLION.Q4 EARNINGS PER SHARE C$0.07.Q4 ADJUSTED EARNINGS PER SHARE C$0.17.Q4 EARNINGS PER SHARE ESTIMATE C$0.18 -- REFINITIV IBES DATA.ELEMENT FLEET MANAGEMENT - WILL REFINANCE MATERIALLY LESS THAN $345 MILLION OF CONVERTIBLE DEBENTURES MATURING ON JUNE 30, 2019, SETTLING BALANCE IN CASH.QTRLY AFTER-TAX ADJUSTED BASIC EPS OF $0.16; AFTER-TAX ADJUSTED OPERATING INCOME PER SHARE (BASIC) OF $0.17.

Element Fleet Management Says David Denison Appointed To Board

Dec 14 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT ANNOUNCES DAVID DENISON APPOINTED TO BOARD OF DIRECTORS, WILL ASSUME ROLE OF CHAIRMAN ON JANUARY 1, 2019.ELEMENT FLEET MANAGEMENT CORP - DENISON WILL SUCCEED BRIAN TOBIN.ELEMENT FLEET MANAGEMENT CORP - DAVID DENISON WILL ASSUME ROLE OF CHAIRMAN ON JANUARY 1, 2019.

Element Fleet Management Reports Q3 Loss Per Share C$0.93

Nov 5 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT REPORTS SOLID THIRD QUARTER RESULTS AND STRONG EARLY PROGRESS ON CUSTOMER-FOCUSED TRANSFORMATION.Q3 LOSS PER SHARE C$0.93.Q3 EARNINGS PER SHARE VIEW C$0.20 -- THOMSON REUTERS I/B/E/S.QTRLY NET REVENUE C$221.3 MILLION VERSUS C$236.3 MILLION.AFTER-TAX Q3 ADJUSTED EARNINGS PER SHARE C$0.19 FOR CORE FLEET MANAGEMENT OPERATIONS.HAVE RAISED GROSS PROCEEDS OF $300 MILLION IN A WELL-RECEIVED EQUITY ISSUANCE.

Element Q3 Loss Per Share C$0.93

Nov 5 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT REPORTS SOLID THIRD QUARTER RESULTS AND STRONG EARLY PROGRESS ON CUSTOMER-FOCUSED TRANSFORMATION.Q3 ADJUSTED EARNINGS PER SHARE C$0.19.Q3 LOSS PER SHARE C$0.93.Q3 EARNINGS PER SHARE VIEW C$0.20 -- THOMSON REUTERS I/B/E/S.QTRLY NET REVENUE C$221.3 MILLION VERSUS C$236.3 MILLION.HAVE RAISED GROSS PROCEEDS OF $300 MILLION IN A WELL-RECEIVED EQUITY ISSUANCE.

Element Announces Brian Tobin To Step Down As Chairman And Director At Year End

Nov 5 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT ANNOUNCES BRIAN TOBIN TO STEP DOWN AS CHAIRMAN AND DIRECTOR AT YEAR END.ELEMENT FLEET MANAGEMENT - HAS BEGUN SEARCH TO FIND CANDIDATE TO REPLACE TOBIN.

Element Fleet Management Announces Plan Of $300 Mln Equity Issuance And Achieve $150 Million Of Run-Rate Profitability Improvements

Oct 1 (Reuters) - Element Fleet Management Corp <EFN.TO>::ANNOUNCES PLAN OF $300 MILLION EQUITY ISSUANCE AND ACHIEVE $150 MILLION OF RUN-RATE PROFITABILITY IMPROVEMENTS.UNDERWRITERS AGREED TO BUY 45.5 MILLION COMMON SHARES AT A PRICE OF $6.60 PER SHARE.INTENDS TO USE NET PROCEEDS FROM PUBLIC OFFERING TO REPAY EXISTING INDEBTEDNESS, GENERAL PURPOSES.PLAN TO TRANSFORM ELEMENT'S FLEET BUSINESS.ESTIMATES $150 MILLION IN RUN-RATE PRE-TAX OPERATING INCOME IMPROVEMENTS IN FLEET MANAGEMENT BUSINESS BY END OF 2020.REPOSITIONING 19(TH) CAPITAL.HAS REACHED AGREEMENT TO PURCHASE REMAINING EQUITY INTERESTS IN 19(TH) CAPITAL FROM ITS CURRENT JV PARTNERS FOR NOMINAL CONSIDERATION.WILL CONTINUE TO SERVE 19TH CAPITAL'S CLIENT BASE WHILE WORKING TO DISPOSE OF IDLE TRUCK INVENTORY.WILL CEASE FURTHER INVESTMENT IN NEW INVENTORY TO SUPPORT 19(TH) CAPITAL BUSINESS.TO RECOGNIZE AFTER-TAX CHARGE OF ABOUT $360 MILLION IN Q3 REFLECTING WRITE DOWN OF CARRYING VALUE OF LEFTOVER INVESTMENT IN 19(TH) CAPITAL.HAS ALSO REALIGNED ITS EXECUTIVE TEAM.NAMES JIM HALLIDAY AS CHIEF OPERATING OFFICER.PLANS TO REDUCE QUARTERLY COMMON SHARE DIVIDEND FROM $0.075 TO $0.045.FOR 2020, ELEMENT IS EXPECTED TO GENERATE AFTER-TAX ADJUSTED OPERATING INCOME PER SHARE IN RANGE OF $0.90 TO $0.95.

Element Fleet Management Q2 Earnings Per Share C$0.18

Aug 13 (Reuters) - Element Fleet Management Corp <EFN.TO>::ELEMENT FLEET MANAGEMENT REPORTS SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE C$0.18.Q2 EARNINGS PER SHARE VIEW C$0.17 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST AND RENTAL REVENUE OF $86.3 MILLION INCREASED 6.5% FROM Q2 2017 AND 7.9% FROM Q1 2018.QTRLY NET REVENUE $219.4 MILLION VERSUS $247.5 MILLION.ELEMENT FLEET MANAGEMENT - APPOINTED JAY FORBES AS CHIEF EXECUTIVE OFFICER, VITO CULMONE AS CHIEF FINANCIAL OFFICER.QTRLY AFTER-TAX ADJUSTED BASIC EPS $0.19.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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