Ronald F. Clarke
plan three for afternoon. Hi, cover to the Okay. Eric, here, call thanks everyone, this and subjects. thanks. joining I'll Up front
and year outlook. comment I'll on the quarter First, rest of
a from provide company. in we I'll the forward I'll And about way here some developments, happenings Second, recent that talk and update a then, our see. opportunities the brief bit lastly, on
Okay.
good the quarter. results. We onto So, reported earlier QX
It X% overall. Texas importantly, customer operate hurt positive XX%-plus fact, up retention up internal about room back. We XX%. fuel us the better end in normal. bit In makes FEMA basically a of retention. expectations. incremental card some EPS our our period XX was a The tax generate rates revenue that did quarters was push it range. in guidance QX than $X.XX, of contract. the but and nights reported unfavorable exceeded $XXX customer $X our Same-store And revenues to now and our is Florida, for consecutive The That of did favorability cash Everything quarter. of business interest XX%, impact macro back million, unfavorable was our quarter picked took positive, and the up, sales prior the help the against lifted businesses lodging That hurricane but in XX%. million through rates high were
and in would overall on growth QX have X%, also and plan. the that fuel had have about conversion instead card impacted overall would our for revenue better, card both instead business, and been growth implying product of terms the X% X% growth line The growth, In line QX. X% the in our been card if QX, negatively in overall earlier GFN MasterCard our so X% growth, company, MasterCard for organic organic of fuel organic the of fuel X% X% of year come
quarter, of for drivers a few. terms the In
of million $XX for the own added And basis, in over So It terrific. grow were the local level. prepaid, is losses we currency collections new of professional did up, about STP, did and We credit lot STP forma accounts a revenue. prior implementing the first underwriting new which on quarter year, that year's a new and to pro half accounts, group. of through which incremental a full XX% this moving
the XX% have driven lodging, So, profit. did fortunately, us up it's The the still the performance. the Cambridge second the million a corporate get no NexTraq but quarter summer. did shares gave by converted. Bad but from buyback in mentioned, payments estimates share plan lodging we We business, X good international lastly, in period, business incremental held shortfall corporate from the get now, telematics the quarter, out, fewer half And did versus Again, as payments I pay, then, backwards growth, our did we was us in consistent versus transactions the for and our some is where helped the in go about revenue are. incremental prior program. particularly business million mix Speedway a $XX quarter, XX%. really help organic this quarter QX in MasterCard We our that XX%, businesses, up revenue the in. earlier with in of bit from
record quarter all-time the sets In That terms XX% result results, QX. a an us. Sales the prior of sales terrific sales grew for versus in year.
very from strong, positive, lot accounts a onboarding new That's the in $XXX programs. cash earlier up year. million. really flow, So, QX our
a good a looking a line record above growth GFN from expectations, So look, macro in and MasterCard organic across thing, little the mostly in outside environment. of we're STP our cooperation quarter, what sales, board, growth the accelerating with for profit the finally, coming tailwind, pretty performance,
pleased. pretty we're So,
to rest let outlook. over transition of me year our Okay,
unfortunately, continued fuel higher macro, continued prices rates. the favorable we but QX think with FX, a and from environment. interest starting Expect higher drag favorable So
versus these $X.XX $X.XX, a the current share reflects guidance result $X.XX $X.XX adjustments. and the XXXX So macro at guidance stronger to following EPS a assumptions, in cash today $X.XX reflect our our environment. XXXX to in raising midpoint. along trends, in per We're with raise beat full-year the to $X.XX This QX, QX
would $X.XX a growth print. versus the XXXX's So, XX% $X.XX represent
cash in of $X.XX outlooking $X.XX $X.XX to if $X.XX January $X.XX open for guidance you have to just to from year today. the So that we full-year EPS quarter, recall, raised at and every did the beginning
Okay, shift about and gears company-wide. let me developments recent talk some
CLS blue on project tuck-in lot different we stay revenue. business, or except people up, than shirt project closing a rather CLS, about plus. six these pretty targets to it first of people a segment. a CLC interesting in our acquisition focuses which a announced So people, collar boots and nights tend million a It's called market polo lodging longer, has business, got looks $XX like
segment new a us gives to that market target. So,
deal, particularly synergies, hotel the side. the of we've identified part network meaningful some As on
We together. expect as we to bring arbitrage the our companies better hotel rates
to And his help stay to some the good business team and have on management and with news, agreed keep running the integration us the founder plan.
contract subsidiary development, Second in Russia. a outsourcing into Gazprom we oil did major with a new enter
fuel them maybe card with services, addition in So, over And we do full about that for Speedway. provide Rosneft or our work $XX and with Gazprom for we'll hope to million credential outsourcing next time. Russia, like is us. revenue BP, leading more or Shell represents year it much capabilities our LUKOIL further a It may
the transformation with August, Third international development, our Cambridge initiatives in them. now well did close into company. FX we We're payments
things out. a Just that call I'd couple
XX,XXX So high pretty low pretty rates quite Cambridge, on their service focused historically, and clients XX,XXX are have small small, has requirements. accounts. About of
and these profit U.S. super geography accounts sales away or kind from accounts accounts small the a going attractive away these to much to way geography. So, sales from we're move of on the the to to We're also small that put mid-market efforts we're more going mid-sized emphasis Canada have more versus more pool. refocus going
bit some to and company. new, So, a are new of and test for a going Cambridge. we Last things little in on, to continuing refine refocusing try innovate thing the
car. a Fuel basically getting is on pilot of just continuing speed examples. in free their process STP, technology At to have So, the ever that in out flow drivers program use we're fueling-only through there to Brazil, of without fuel Brazil, First. that a to stations call The couple RFID STP's we Shell this would refueling work idea
move not highway. drivers of or the only or be is only, now don't so, to city go but the drivers idea And kind highway to who from able target to on toll suburban
Another toggle world's purchasing lots on new, Beyond us looks in where but we is like simplest you a fuel interact The to also our maintenance introduced side, card spend Fuel. intuitive call a lodging. Very way. or think small fuel what positive adjacent with allow really allows UI. lots the piloting business far, easy and marketing, supplies in off. card just customer a we're open We're of up and It cards interface parameters icon there. start interesting positioning, smartphone to We've so what to for reaction we trying is us, although new categories do or credit thing like construction to the
our So, finally, quite in what we're testing then, corporate outsourcing positive. And payments AP call business. we full
going pay than virtual a going take XXX% with rather a only a AP your portion paper a to and to of So to electronically hey, check. it prospective even paying we'll and go we're and card, card with with of virtual their say, or clients AP client we'll with a ACH
think particularly the just certain card market smaller that virtual to may this segments, appeal we to not will subscribe So, offer. accounts
capture widen or the is for some trying attract easier a our existing frankly, just to it So, trying our here across from segments, We're clients being worked client of We're company. things us. new to message with to to spend lot more new work opportunity. clients make
thoughts up here on our here. so from forward my last are Okay, way
from for two, the to push of the or three, So to: we're over months, three major better made lines last the plans the our business company company; goals we've prioritize simplify the in; growth to and a refine portfolio one, or the objectives, that four here. and
top terms to fast fast objectives, want we being growth. in We a our reiterate company. of So to want commitment quartile growth growth offer like to and we
or augment target mid-term to XX%. they our continue sense alternatively, organic if a more with reiterating and don't. manner, we're growth in So, acquisitions We'll return if make profit deliberate they to of capital growth consistent we'll XX%
of of are four or spend and we the portfolio, terms categories. really really in into our rebalancing portfolio Second, simplifying lines business
lodging, and AP, fuel, tolls. So
each our has about existing this have the enormous our position potential. categories We deepening CLS, four think acquisitions deal, year, All of these these of been Cambridge, and spend four categories. Russia in
our billion. current global about about throughout and is card example, For to the do revenue theme only billion the and simple $X unifying category alone, in have company. We we fuel a have opportunity estimate $XX
that the purpose one a then, a for irrespective simple So has I all easier it's today our every of plan clients but growth, sales to add line more way pay their is product to we in We've pay, three-fold. We're of develop mentioned or an outreach. to to to basically terms even going want serve. than the more marketing about that brand I in to it's new clients line, got and And of shared know us. we We're new, geography last, growth purpose: earlier. offer invest going way One, to the try clients. business, of things XXX,XXX current method. better
Two, So, capture more is more to we spend. clients. want
to some third, regions. We begun try clients, we've at So, those Continental to a to want deeper spend in and then, only over go that be, we're geography. be Europe, deeper again, Asia, in existing going play to capture more in time, four adjacent in to may the their And spend. we category want We to of we're today. fifth
hopefully So, not but very complicated clear.
we in in the terrific fundamentals markets. card world-class large we've fuel including franchise. with business spend look, serve, believe conclusion, positions that got got We've we in categories a advantage So a
So, for to and continuing time. share more more build payments our an even diverse hope that bigger, over company we excitement you innovative
the Eric. on over let the Eric? that, back to turn call detail He'll provide with additional So some quarter. me
