OverviewSuggest Edit

Element Fleet Management is a company providing fleet management services. It offers acquisition, financing, program management, and remarketing services for cars and light-duty vehicles, medium and heavy-duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets. The company serves agriculture, manufacturing, pharmaceutical and healthcare, telecommunications, transportation, and other industries.

TypePublic
Founded1946
HQToronto, CA
Websiteelementfleet.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Sept 2020)2,500
Job Openings115
Revenue (FY, 2019)C$2 B(+15%)
Share Price (Sept 2021)C$14.2(-1%)
Cybersecurity ratingBMore

Key People/Management at Element Fleet Management

Jay Forbes

Jay Forbes

President & Chief Executive Officer, Director
Frank Ruperto

Frank Ruperto

Executive Vice President & Chief Financial Officer
Jim Halliday

Jim Halliday

Executive Vice President & Chief Operating Officer
Jacqui McGillivray

Jacqui McGillivray

Executive Vice President & Chief People Officer
Vineet Gupta

Vineet Gupta

Executive Vice President & Chief Technology Officer
David Madrigal

David Madrigal

Executive Vice President and Chief Commercial Officer
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Element Fleet Management Office Locations

Element Fleet Management has offices in Toronto, Mississauga, Addison, Hoffman Estates and in 7 other locations
Toronto, CA (HQ)
161 Bay Street, Suite 3600
Mississauga, CA
900 4 Robert Speck Pkwy
Melbourne, AU
Level 11 333 Collins St
Ciudad de México, MX
Avenida Vasco de Quiroga # 3000 Planta Baja, Centro de Santa Fe, Álvaro
San Pedro Garza García, MX
Oficinas EQUUS 335 Torre 1 piso 4, Col. Valle del Campestre
Auckland, NZ
Level One 8 Tangihua Street
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Element Fleet Management Financials and Metrics

Element Fleet Management Revenue

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Element Fleet Management's revenue was reported to be C$2.02 b in FY, 2019 which is a 14.1% increase from the previous period.
CAD

Revenue (Q3, 2020)

432.2m

Gross profit (Q3, 2020)

243.3m

Gross profit margin (Q3, 2020), %

56.3%

Net income (Q3, 2020)

70.8m

Market capitalization (7-Sept-2021)

6.1b

Closing stock price (7-Sept-2021)

14.2

Cash (30-Sept-2020)

75.6m

EV

17.0b
Element Fleet Management's current market capitalization is C$6.1 b.
Annual
CADFY, 2017FY, 2018FY, 2019

Revenue

1.7b1.8b2.0b

Revenue growth, %

(5%)2%14%

Cost of goods sold

783.5m894.7m1.0b

Gross profit

952.0m873.5m994.1m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

419.2m347.3m445.1m505.7m509.1m497.0m477.5m423.5m432.2m

Cost of goods sold

207.9m221.8m223.9m263.5m259.5m251.2m230.3m198.0m189.0m

Gross profit

211.3m219.4m221.3m242.2m249.6m245.8m247.2m225.5m243.3m

Gross profit Margin, %

50%63%50%48%49%49%52%53%56%
Annual
CADFY, 2017FY, 2018FY, 2019

Cash

76.6m22.0m24.2m

PP&E

67.4m61.0m141.6m

Goodwill

1.2b1.3b1.2b

Total Assets

17.6b19.0b17.4b
Annual
CADFY, 2017FY, 2018FY, 2019

Net Income

154.6m(199.1m)97.7m

Depreciation and Amortization

71.8m69.0m79.1m

Cash From Operating Activities

60.5m(269.9m)1.0b

Purchases of PP&E

(10.7m)(9.9m)(22.2m)
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

21.8m100.9m(240.2m)80.5m144.5m214.7m79.4m138.0m208.7m

Depreciation and Amortization

17.2m35.1m51.7m19.5m39.1m58.5m20.9m41.4m61.4m

Cash From Operating Activities

(29.7m)(159.1m)82.9m310.2m652.3m696.6m308.4m1.2b2.2b

Purchases of PP&E

(2.2m)(3.1m)(6.5m)(6.8m)(14.5m)(27.0m)(2.4m)(2.2m)(5.6m)
CADFY, 2017

Debt/Equity

3.5 x

Debt/Assets

0.8 x

Financial Leverage

4.7 x
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Element Fleet Management Operating Metrics

Element Fleet Management's Assets Under Management was reported to be C$16.1b in Q3, 2020. Element Fleet Management's Customers was reported to be 5.5 k in Q3, 2020.
Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Assets Under Management

C$14.59 bC$15.7 bC$15.49 bC$15.52 bC$16.17 bC$16.71 bC$17.78 bC$17.05 bC$16.15 b

Customers

5.5 k5.5 k

Industries Served

700

Loans Originated

C$1.47 bC$1.71 bC$1.49 bC$6.49 bC$1.71 bC$1.81 bC$2.11 bC$7.85 bC$2.03 bC$1.31 bC$1.28 b
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Element Fleet Management Acquisitions / Subsidiaries

Company NameDateDeal Size
CEI GroupDecember 30, 2016
Chesapeake Finance Holdings II LLC
Custom Fleet NZ
EFN (Australia) Pty Limited
EFN (Netherlands) B.V.
EFN (Netherlands) Cooperatief U.A
EFN (New Zealand) Limited
Element Financial (Australia) Pty Limited
Element Fleet Corporation
Element Fleet Lease Receivable LP
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Element Fleet Management Revenue Breakdown

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Element Fleet Management revenue breakdown by business segment: 5.3% from Non-Core and 94.7% from Fleet Management

Element Fleet Management revenue breakdown by geographic segment: 12.1% from Australia and New Zealand, 7.0% from Mexico and 80.9% from US and Canada

Element Fleet Management Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Element Fleet Management Online and Social Media Presence

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Element Fleet Management News and Updates

Element Fleet Management Schedules Second Quarter 2021 Financial Results and Conference Call

Date: July 27, 2021  Time: 7:00 p.m. (Eastern Time) Date: July 27, 2021  Time: 7:00 p.m. (Eastern Time)

Element Fleet Management Schedules First Quarter 2021 Financial Results and Conference Call

Date: May 11, 2021 Time: 7:00 p.m. (Eastern Time) Date: May 11, 2021 Time: 7:00 p.m. (Eastern Time)

Element Fleet Announces Appointment of Frank Ruperto as Chief Financial Officer

Element Fleet Management Corp. announced that it has appointed Frank Ruperto as Chief Financial Officer. Mr. Ruperto will join Element as EVP Finance and assume the role of CFO effective immediately upon Vito Culmone's departure in accordance with the Company’s previously announced CFO succession pl…

Element Fleet Management Schedules Third Quarter 2020 Financial Results and Conference Call

Date: October 27, 2020Time: 7:00 p.m. (Eastern Time)

Element Fleet Management Schedules Third Quarter 2019 Financial Results and Conference Call

Date: November 7, 2019Time: 8:00 a.m. (Eastern Time)
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Element Fleet Management Frequently Asked Questions

  • When was Element Fleet Management founded?

    Element Fleet Management was founded in 1946.

  • Who are Element Fleet Management key executives?

    Element Fleet Management's key executives are Jay Forbes, Frank Ruperto and Jim Halliday.

  • How many employees does Element Fleet Management have?

    Element Fleet Management has 2,500 employees.

  • What is Element Fleet Management revenue?

    Latest Element Fleet Management annual revenue is C$2 b.

  • What is Element Fleet Management revenue per employee?

    Latest Element Fleet Management revenue per employee is C$807.2 k.

  • Who are Element Fleet Management competitors?

    Competitors of Element Fleet Management include Enterprise Holdings, ARI and KeepTruckin.

  • Where is Element Fleet Management headquarters?

    Element Fleet Management headquarters is located at 161 Bay Street, Suite 3600, Toronto.

  • Where are Element Fleet Management offices?

    Element Fleet Management has offices in Toronto, Mississauga, Addison, Hoffman Estates and in 7 other locations.

  • How many offices does Element Fleet Management have?

    Element Fleet Management has 11 offices.