FLEETCOR Technologies, Inc. (NYSE:FLT) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET

Company Participants

James Eglseder - Investor Relations

Ron Clarke - Chief Executive Officer and Chairman of the Board of Directors

Tom Panther - Chief Financial Officer

Conference Call Participants

Tien Huang - JPMorgan

Ramsey Assal - Barclays

Nick Cremo - Credit Suisse

Darrin Peller - Wolfe Research

Peter Christiansen - Citigroup

Andrew Jeffrey - Truist Securities

Nate Svensson - Deutsche Bank

Trevor Williams - Jefferies

Mihir Bhatia - Bank of America

Kenneth Suchoski - Autonomous Research

Sheriq Sumar - Evercore ISI

Operator

Good afternoon, ladies and gentlemen. And welcome to the FLEETCOR Technologies Incorporated Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. This call is being recorded on Tuesday, August 8, 2023.

I would now like to turn the conference over to Jim Eglseder, Investor Relations. Please go ahead.

James Eglseder

Good afternoon, everyone, and thank you for joining us today for our second quarter 2023 earnings call. With me today are Ron Clarke, our Chairman and CEO and Tom Panther, our CFO. Following their prepared comments, the operator will announce the queue will open for the Q&A session. It is only then that you can get in line for questions.

Please note that our earnings release and supplement can be found under the Investor Relations section of our website at fleetcor.com. Now throughout this call, we will be covering organic growth. As a reminder, this metric neutralizes for the impact of year-over-year changes in foreign exchange rates, fuel prices and fuel spreads. It also includes pro forma results for acquisitions closed during the two years being compared.

We will also be covering non-GAAP financial metrics, including revenues, net income and net income per diluted share, all on an adjusted basis. These measures are not calculated in accordance with GAAP and may be calculated differently than other companies. Reconciliations of the historical non-GAAP to the most directly comparable GAAP information can be found in today's press release and on our website.

I also need to remind everyone that part of our discussion today may include forward-looking statements. These statements reflect the best information we have as of today, and all statements about our outlook, new products and expectations regarding business development and future acquisitions are based on that information. They are not guarantees of future performance, and you should not put undue reliance upon them. We undertake no obligation to update any of these statements.