FLEETCOR Technologies, Inc. (FLT) CEO Ron Clarke On Q2 2022 Results - Earnings Call Transcript

FLEETCOR Technologies, Inc. (NYSE:FLT) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET

Company Participants

Jim Eglseder - Head of Investor Relations

Ron Clarke - Chairman and Chief Executive Officer

Charles Freund - Chief Financial Officer

Conference Call Participants

Peter Christian - Citi

Darrin Peller - Wolfe Research

Sanjay Sakhrani - KBW

Andrew Jeffrey - Truist Securities

Sheriq Sumar - Evercore

Ken Suchoski - Automotive Research

Mihir Bhatia - Bank of America

Robert Napoli - William Blair

Trevor Williams - Jefferies

Ramsey El-Assal - Barclays

Operator

Good afternoon, and welcome to FLEETCOR Technologies Incorporated Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this call is being recorded.

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

Jim Eglseder

Good afternoon, everyone, and thank you for joining us today for our second quarter 2022 earnings call.

With me today are Ron Clarke, our Chairman and CEO; and Charles Freund, our CFO. Following their prepared comments, the operator will announce that the queue will open for the Q&A session. It is only then that you can get in line for questions.

Please note, 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 revenue growth. As a reminder, this metric neutralizes 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 in 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 do 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. All statements about our outlook, new products and expectation 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.