Element Fleet Management Full Year 2024 Earnings: In Line With Expectations

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editorial-team@simplywallst.com (Simply Wall St)

Sat, Mar 1, 2025, 8:26 AM 1 min read

Element Fleet Management (TSE:EFN) Full Year 2024 Results

Key Financial Results

Revenue: US$1.65b (up 12% from FY 2023).
Net income: US$379.9m (up 16% from FY 2023).
Profit margin: 23% (in line with FY 2023).
EPS: US$0.96 (up from US$0.84 in FY 2023).

revenue-and-expenses-breakdown — TSX:EFN Revenue and Expenses Breakdown March 1st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Element Fleet Management Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the US and Canada segment contributing a total revenue of US$1.09b (66% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$582.9m (47% of total expenses). Explore how EFN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to decline by 14% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Canada are expected to remain flat.

Performance of the Canadian Commercial Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Element Fleet Management that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.