FLEETCOR Technologies, Inc. (FLT) CEO Ron Clarke on Q1 2022 Results - Earnings Call Transcript

FLEETCOR Technologies, Inc. (NYSE:FLT) Q1 2022 Results Conference Call May 5, 2022 5:30 PM ET

Company Participants

Ron Clarke - Chairman and Chief Executive Officer

Charles Freund - Chief Financial Officer

Jim Eglseder - Head of Investor Relations

Conference Call Participants

Tien-Tsin Huan - JPMorgan

James Faucette - Morgan Stanley

Sanjay Sakhrani - KBW

Ramsey El-Assal - Barclays

Mihir Bhatia - Bank of America

Jeff Cantwell - Wells Fargo

Pete Christiansen - Citi

David Togut - Evercore ISI

George Mihalos - Cowen

Trevor Williams - Jefferies

Ken Suchoski - Autonomous Research

Operator

Good day, and thank you for standing by. Welcome to FLEETCOR First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the call over to your speaker today, Mr. Ron Clarke. Please go ahead.

Jim Eglseder

Good afternoon, everyone, and thank you for joining us today for our first quarter 2022 earnings call. With me today are Ron Clarke, our Chairman and CEO; and Charles Freund, our CFO. Following 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.

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 2 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 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.