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Element Fleet Management Corp (EFN.TO)

EFN.TO on Toronto Stock Exchange

10.80CAD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Element Fleet Management reports Q1 after-tax adjusted operating income of $100 million
Wednesday, 10 May 2017 07:00am EDT 

May 10 (Reuters) - Element Fleet Management Corp : :Element Fleet Management reports q1 after-tax adjusted operating income of $100 million.Q1 adjusted operating earnings per share C$0.24.Q1 earnings per share view C$0.23 -- Thomson Reuters I/B/E/S.Element fleet management corp qtrly service and other revenue of $143.3 million grew on a sequential quarter basis by 2.2pct.Element Fleet Management Corp qtrly net interest and rental revenue declined sequentially to $90.9 million.  Full Article

Element Fleet Management appoints chief financial officer
Monday, 9 Jan 2017 05:00pm EST 

Element Fleet Management Corp : Element Fleet Management appoints chief financial officer .Element fleet management corp - appointment of Samir Zabaneh as chief financial officer.  Full Article

Element Fleet Management appoints chief financial officer
Monday, 9 Jan 2017 05:00pm EST 

Element Fleet Management Corp : Element fleet management appoints chief financial officer . Appointment of Samir Zabaneh as chief financial officer of company effective immediately .Element Fleet Management Corp says most recently Zabaneh was chief financial officer of heartland payment systems.  Full Article

Celadon Group announces closing of joint venture with Element Fleet Management
Friday, 30 Dec 2016 06:10pm EST 

Celadon Group Inc : Celadon Group announces closing of joint venture with Element Fleet Management .Has entered into a joint venture agreement with unit of Element Fleet Management.  Full Article

Element Financial shareholders vote in favour of separation into 2 companies
Tuesday, 20 Sep 2016 10:03am EDT 

Element Financial: Element shareholders vote 99.5% in favour of plan to separate into two market leading companies .Expects that arrangement will be completed on October 3, 2016 if final court order is granted, other conditions satisfied.  Full Article

Element Financial says tax adjusted operating income $0.41 per share
Thursday, 11 Aug 2016 04:01pm EDT 

Element Financial Corp : Tax adjusted return on average earning assets increased to 3.92% in q2-2016 versus 3.19% in q2-2015 . Tax adjusted operating income for three-month period ending june 30, 2016 was $0.32 per basic share . Q2 earnings per share view c$0.37 -- Thomson Reuters I/B/E/S . Element fleet management reports continued strong performance in q2-2016 and confirms after-tax adjusted eps guidance of between $1.05 and $1.15 for 2016 with growth of between 10% - 12% in 2017 . Says fleet originations increased to $1.7 bln in q2-2016 versus $820.7 million in q2-2015 .Tax adjusted operating income was $0.41 per share.  Full Article

Element Financial Corp board unanimously approves plan to separate into two market leading companies
Monday, 25 Jul 2016 04:55pm EDT 

Element Financial Corp : Board unanimously approved plans to proceed with reorganization of element into two separate publicly-traded companies . Following separation transaction, Element Financial Corporation, to be renamed Element Fleet Management Corp. . ECN capital will acquire all of issued and outstanding shares in capital of IAC . At closing of IAC deal, each outstanding share of IAC will be bought in exchange for specified number of ecn capital shares . Element board unanimously approves plan to separate into two market leading companies . Element's existing senior credit facility will be amended to provide for $4.0 billion in 3-year revolving funding for Element Fleet .Following seperation, to be led by Bradley Nullmeyer as CEO.  Full Article

Element Financial Corp qtrly EPS $0.24
Wednesday, 11 May 2016 03:53pm EDT 

Element Financial Corp : Originations increased to $2.1 billion in Q1-2016 versus $1.5 billion in Q1-2015 . After-Tax adjusted operating income for three-month period ending march 31, 2016 was $143.3 million or $0.35 per basic share . Element financial corp qtrly earnings per share $0.24 . Reports $0.35 per share of after tax adjusted EPS in q1-2016 . Q1 adjusted operating earnings per share c$0.45 .Q1 earnings per share view c$0.35 -- Thomson Reuters I/B/E/S.  Full Article

Element Financial Corp plans to proceed separation of current business
Tuesday, 16 Feb 2016 07:00am EST 

Element Financial Corp:Approved plans to proceed with a transaction that will result in separation of current business into two publicly traded companies.Says company's "on balance sheet" aviation finance business is being discontinued.Current $1.5 billion portfolio of aviation assets to be transitioned to future aviation fund, sold or managed to maturity.Currently analyzing the most efficient method to implement the separation of the two businesses".Says separation transaction is expected to be completed on a tax free basis before the end of 2016.Bmo capital markets, barclays capital and infor financial serving as financial advisors to co through separation process.Until the separation is complete, Element will continue to operate as a single company.  Full Article

Element Financial Corp confirms Q4 2015 EPS guidance
Wednesday, 3 Feb 2016 07:00am EST 

Element Financial Corp:Confirmed that it expects to report after-tax adjusted operating income per share of about $0.35 for Q4 2015 after taking account of integration benefits and continued effective tax management.  Full Article

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