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BRIEF-Element Fleet Reports Q2 Adj. Operating Earnings Per Share C$0.19

Published 2020-07-28, 06:31 p/m
© Reuters.
EFN
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July 28 (Reuters) - Element Fleet Management Corp EFN.TO :

* ELEMENT REPORTS RESILIENT SECOND QUARTER RESULTS, CONTINUED OVERACHIEVEMENT ON STRATEGIC PRIORITIES AND EARLY WINS IN LINE WITH GROWTH STRATEGY

* Q2 ADJUSTED OPERATING EARNINGS PER SHARE C$0.19

* Q2 EARNINGS PER SHARE C$0.11

* Q2 EARNINGS PER SHARE ESTIMATE C$0.16 -- REFINITIV IBES DATA

* IS ON TRACK TO ACHIEVE ITS $180 MILLION ACTIONED PROFIT IMPROVEMENTS TARGET IN 2020

* ELEMENT FLEET MANAGEMENT - SUBSEQUENT TO QUARTER-END, ISSUED US$750 MILLION OF TERM NOTES UNDER CHESAPEAKE VEHICLE MANAGEMENT ASSET-BACKED DEBT FACILITY

* WILL BEGIN EXECUTING ITS ENHANCED GROWTH STRATEGY IN SECOND HALF OF 2020 - 6 MONTHS AHEAD OF SCHEDULE

* ELEMENT FLEET MANAGEMENT - DECLARED A QUARTERLY DIVIDEND OF $0.045 PER OUTSTANDING COMMON SHARE OF ELEMENT FOR Q3 OF 2020

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